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Property profile & analytics
OFF-MARKET
Land

3221 Lee Hwy Troutville, VA 24175

1.5 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 1.5 ac (65,340 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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