30424 Lee Hwy Meadowview, VA 24361
This multi-use property in Meadowview, Tennessee, offers a compelling investment opportunity. The 0.94-acre lot features a 2,300 square foot warehouse space, part of a larger complex totaling over 11,000 square feet. The building also includes approximately 3,100 square feet of ground-level retail space and an additional 960 square feet of ground-level space currently available for lease. An upstairs 2,300+ square foot, four-bedroom apartment with hardwood floors, a large kitchen, laundry facilities, living room, and dining area offers further income potential, and could be easily converted into two separate units. All spaces, except the 960 square foot ground-level area, are currently heated, cooled, and leased. The property boasts a metal roof, ample parking, and room for expansion. Its strategic location near Emory & Henry College and I-81 Exit 26 in Glade Spring, Virginia, provides excellent visibility and accessibility. With over 97 feet of road frontage on US Route 11 and B2 zoning, this site presents significant upside potential. A plat is available upon request. Asking price is $275,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
B2 BUSINESS GENERAL · Meadowview, VACosts & 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.