For Sale
$850,000

5383 Lee HwyTroutville, VA 24175

Historic Troutville storefront, 14,286 sq ft.

Overview

Added:
Dec 11, 2024
Days on market:
115
This unique 14,286-square-foot storefront property, located at 5383 Lee Hwy in Troutville, Virginia (zip code 24175), presents a prime redevelopment opportunity. Originally built in 1927 and significantly renovated in 1955, 2007, and 2010, this single-story building boasts updated electrical, plumbing, and mechanical systems. The property sits on a 2.1-acre lot with ample parking (100 spaces) and a 2,300-square-foot courtyard. Its B-2 zoning allows for a variety of commercial uses. The building features a large auditorium, adding to its versatility. Its highly visible corner location directly off Route 11, minutes from the convergence of three major routes, and proximity to the Botetourt County Gateway Crossing Area Plan, offers exceptional visibility and access. The asking price is $850,000 ($59.50 per square foot). This vacant property is offered as a NNN lease and is eligible for historic tax credits, making it an attractive investment. The daytime population within one mile is 600, and within three miles, it's 3,482.

Highlights

  • Highly visible corner lot on Route 11 with 100 parking spaces.
  • Large auditorium included.
  • 2,300 square foot courtyard.
  • Eligible for historic tax credits.
  • Strong daytime population: 600 within 1 mile, 3,482 within 3 miles.

Property Details for 5383 Lee Hwy

Property type
Retail properties, Retail space
Square Feet
14,286 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
91,476 SF
Units
1

Location Insight

City
Troutville
County
Botetourt
State
Virginia
Latitude
37.41733183
Longitude
-79.87618495
5383 Lee Hwy, Troutville, Virginia

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5383 Lee Hwy
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