3241 Lee Hwy Troutville, VA 24175
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.