7367 Lee Hwy Troutville, VA 24175
For Sale
1 / 36
This exceptional commercial property in Troutville, VA, presents a unique investment opportunity. Located at 7367 Lee Highway, this single-story building boasts 4,937 square feet of space situated on a 1.44-acre lot. The property benefits from an impressive 500 feet of road frontage, ensuring high visibility and easy accessibility for customers. Ample parking is available. The property's previous use as a truck stop and gas station is reflected in its existing infrastructure, including four operational gas pumps with up-to-date underground tanks (10,000-gallon, 6,000-gallon, 4,000-gallon, and 2,000-gallon capacities) and a state-of-the-art monitoring system compliant with EDQ standards. The building itself is constructed with a durable wood frame and vinyl exterior. Recent improvements include a new hot water tank and a recently pumped septic system. Heating is provided by oil, and cooling by an AC system. Two water wells provide a reliable water supply. The layout offers considerable flexibility, making it suitable for a variety of retail or service businesses, including but not limited to a gas station, restaurant, convenience store, ice cream shop, or bait and tackle shop. Priced below tax assessment, this high-traffic property offers incredible potential for a savvy investor. The property's location and existing infrastructure make it an attractive proposition for entrepreneurs seeking a turnkey operation or a blank canvas for their business vision.
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
B-2 · Troutville, VATroutville. Always verify with local authorities before improvements.
Costs & 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.