Property profile

2801 Lee Hwy Troutville, VA 24175

FOR SALE
Commercial real estate
Property ID
US87-1732706
0.62 ac lot
Entity Owned Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 0.62-acre commercial land parcel presents a unique investment opportunity in Troutville, Virginia. Strategically located at the intersection of Route 11 and Alternate 220, this corner lot boasts exceptional visibility and high traffic counts, ensuring maximum exposure for any commercial venture. Easy access to interstate highways further enhances its appeal, providing convenient connectivity for customers and employees. The property's expansive size offers ample space for development, accommodating a wide range of commercial uses. Its prime location within Botetourt County, Virginia, and the proximity to Troutville's vibrant community, make this an ideal site for businesses seeking a strong foothold in a growing market. The asking price is $995,000. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a highly visible and accessible commercial property in a desirable location. Don't miss out on this chance to establish your business in a thriving area with excellent growth potential. The property is zoned for commercial use (verification of zoning with local authorities is recommended). The address is 2801 Lee Highway, Troutville, VA 24175.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.62 ac (27,007 SF)
Zoning code B3
APN 101-141
UPID US87-1732706

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership

Location

2801 Lee Hwy Troutville, VA 24175
Troutville metro Census 40402 ROANOKE, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

Zoning & alternative use

B3 · Troutville, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message