Lee Hwy Lexington, VA 24450
- Retail properties
- 144,541 SF
- 23.56 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Lee Hwy
- Year built
- 1975
- Lot size
- 23.56 lot acres
- Property size
- 144,541 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
College Square Shopping Center, located at 744-800 North Lee Highway in Lexington, VA 24450, presents a compelling retail investment opportunity. This 144,541 square foot, Class C neighborhood shopping center sits on a 23.558-acre lot (1,026,186 square feet) and boasts five buildings constructed in 1975 and renovated in 2000. Currently, 65,500 square feet of space is available, with two spaces ranging from 25,000 to 40,500 square feet. The center features 563 surface parking spaces and benefits from a B-1 zoning designation. Its prime location on Route 11, between I-64 and downtown Lexington, provides excellent visibility and accessibility. The property is less than a mile from the Virginia Horse Center, attracting 575,000 visitors annually, and is conveniently situated near Virginia Military Institute (VMI) and Washington & Lee University. Established tenants include Starbucks, Tractor Supply, YMCA, and Sherwin Williams, creating a strong existing tenant base. Dominion Energy provides power to the center. This property offers a unique chance to establish a presence in a thriving community with a strong educational and tourism presence. The property is in the Lexington, Buena Vista, Glasgow, Goshen submarket cluster.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Rockbridge
- State
- Virginia
- Longitude
- -79.4218
- Latitude
- 37.7966
