Current Use by Public Records
- The Vintage Schoolhouse / Home Decor Store / Department Store
Property Details for 5383 Lee Hwy
- Lot size
- 2.10 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This unique 14,286-square-foot storefront property, located at 5383 Lee Hwy in Troutville, Virginia (zip code 24175), presents a prime redevelopment opportunity. Originally built in 1927 and significantly renovated in 1955, 2007, and 2010, this single-story building boasts updated electrical, plumbing, and mechanical systems. The property sits on a 2.1-acre lot with ample parking (100 spaces) and a 2,300-square-foot courtyard. Its B-2 zoning allows for a variety of commercial uses. The building features a large auditorium, adding to its versatility. Its highly visible corner location directly off Route 11, minutes from the convergence of three major routes, and proximity to the Botetourt County Gateway Crossing Area Plan, offers exceptional visibility and access. The asking price is $850,000 ($59.50 per square foot). This vacant property is offered as a NNN lease and is eligible for historic tax credits, making it an attractive investment. The daytime population within one mile is 600, and within three miles, it's 3,482.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Troutville
- County
- Botetourt
- State
- Virginia
- Longitude
- -79.8762
- Latitude
- 37.4173
