7429 Lee Hwy Fairlawn, VA 24141
For Sale
1 / 4
This exceptional 6,000-square-foot standalone retail building presents a unique opportunity in Fairlawn, Virginia. Located at 7429 Lee Hwy, at the intersection of US Route 11 and Prices Fork Road, this Class A property boasts high visibility and traffic counts. Situated on a 0.44-acre lot, the building offers a single-tenant occupancy with ample space for a variety of retail businesses. Constructed in 1990 and extensively renovated in 2021, the property is in excellent condition and ready for immediate occupancy. The building features one story and is zoned CM - Commercial. The previous tenant's expansion to a larger nearby location speaks volumes about the property's desirability and potential. Benefit from the high-traffic location, surrounded by established businesses including Lowe's, Walmart, Kroger, Starbucks, Sheetz, Rural King, and various fast-food restaurants. This is an ideal location to establish or expand your retail presence in a thriving commercial area. The property's recent renovation ensures a modern and functional space, minimizing upfront capital expenditures. Don't miss this chance to secure a prime retail location in a high-demand area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
CM1 · Fairlawn, VAFairlawn. Always verify with local authorities before improvements.
No recorded transactions found for this property.
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.