3221 Lee Hwy Troutville, VA 24175
This 1.5-acre commercial land parcel, located at 3221 Lee Highway in Troutville, Virginia (APN 101(5)4A), is offered for sale at $650,000. The property is zoned B2 and boasts a highly visible location directly off Interstate 81 at Exit 150, experiencing daily traffic counts of 59,000 vehicles. Its prime location is further enhanced by its proximity to a busy Comfort Suites hotel, two additional hotels, and a Cracker Barrel restaurant, all within a short distance. The site is pad-ready, with readily available utilities and sewer access located on the same side of the road. Importantly, there are no deed restrictions on this property, providing significant flexibility for a wide range of commercial uses. This makes it an ideal location for restaurants, fast-food establishments, convenience stores, or other commercial ventures seeking high visibility and convenient access to a major interstate highway. The property's size and location present a unique opportunity for developers and investors seeking a strategic foothold in a thriving commercial area. This exceptional location offers unparalleled exposure and accessibility, making it a highly desirable investment opportunity.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.