Property profile

3241 Lee Hwy Troutville, VA 24175

OFF-MARKET
Land
1 ac lot
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Property summary

AI-generated overview

This exceptional 1-acre commercial land parcel in Troutville, Virginia, presents a remarkable investment opportunity. Located at 3241 Lee Highway, this B2-zoned property boasts an enviable location directly off Interstate 81 at Exit 150, experiencing high daily traffic counts of 59,000 vehicles. Its pad-ready status ensures immediate development potential, with readily available utilities and sewer access conveniently situated on the same side of the road. The property's strategic position is further enhanced by its proximity to three hotels, including a Comfort Inn, and a Cracker Barrel restaurant, guaranteeing high visibility and significant foot traffic. The absence of deed restrictions allows for a wide range of commercial uses, making it ideal for restaurants, fast-food establishments, convenience stores, or other businesses seeking a prime location with excellent accessibility. The property's APN is 101(5)4A. This is a rare chance to acquire a highly desirable commercial lot in a thriving area, offering immediate development potential and strong return on investment. The asking price for this exceptional property is $450,000.

Property profile

Verified
Property type Land
Lot 1 ac (43,560 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3241 Lee Hwy Troutville, VA 24175
Troutville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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