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Property profile & analytics
OFF-MARKET Estimated value $310,000
Grocery and convenience stores

3100 Us Hwy 23rd N Weber City, VA 24290

2,090 SF 1.91 ac lot Built 1989
Entity Owned ~ Est. High Equity
Property ID
US87-1397421
Property summary
AI-generated overview

This exceptional 1.3-acre commercial lot, totaling 56,628 square feet, is ideally situated at the bustling intersection of Highway 23 and Wadlow Gap Road in Weber City, Virginia (zip code 24290). Boasting a prime location on a four-lane highway, this property benefits from over 27,000 vehicles passing daily. The existing single-story, 6,942 square foot building, constructed in 1989, offers significant potential for a variety of uses. The site features a wide driveway providing easy access from the highway to a clear, level area. Possible uses include, but are not limited to, car sales, landscaping/garden centers, equipment sales and service, truck parking/storage, or a fast-food restaurant. The owner is open to build-to-suit options with a long-term lease agreement. This location serves as a key commuter route connecting Gate City and Southwest Virginia to Kingsport, I-26, and the Tri-Cities region. The property's high visibility and convenient access make it an attractive opportunity for businesses seeking a strong presence in a high-traffic area.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1989
Total area 2,090 SF
Lot 1.91 ac (83,417 SF)
APN 146B4 A 43
UPID US87-1397421
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
Current use
Occupant on record · Public records
  • Exxon Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k
Owner & transaction history
Kwb Weber City LLC
Kwb Weber City LLC
since 2025
Last sale
$1.3M
4 recorded transactions
2025
$1.3M
2023
Price N/A
2017
Price N/A
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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