For Sale
$2,800,000

2780 Lee Hwy Troutville, VA 24175

Prime 2.8-acre retail site, vacant, high traffic.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 6,867 square foot retail property, located at 2780 Lee Hwy in Troutville, Virginia (zip code 24175), presents a remarkable investment opportunity. The property, built in 1979, sits on a substantial 2.8-acre lot and was formerly operated as an Exxon gas station. While the pumps and canopy have been removed, the site benefits from its strategic location at the intersection of Route 11 and Alternate Route 220, near I-81 Exit 150. This high-visibility corner lot features a traffic light, ensuring maximum exposure to the significant daily traffic volume. Route 11 sees 14,000 vehicles daily, while Alternate Route 220 boasts 18,000 vehicles per day. The property is currently vacant and available for lease under a modified lease agreement. The asking price is $2,800,000. This property is ideal for redevelopment and offers significant potential for a variety of retail uses. The property's size and location make it an attractive option for investors seeking a high-traffic, high-visibility location in a growing area. The property is classified as a convenience store and gas station site.

Highlights

  • 6,867 SF retail property on a 2.8-acre lot in Troutville, VA (24175).
  • Former Exxon gas station site, now vacant and available for lease.
  • High-visibility corner lot at Route 11 & Alternate Route 220, near I-81 Exit 150, with traffic light.
  • High daily traffic counts: Route 11 (14,000 VPD), Alternate Route 220 (18,000 VPD).
  • Asking price: $2,800,000.

Property Details for 2780 Lee Hwy

Property type
Retail properties, Grocery and convenience stores
Square Feet
6,867 SF
Year Built
1979
Lot Size (sq. ft)
121,968 SF

Location Insight

City
Troutville
County
Botetourt
State
Virginia
Latitude
37.38694956
Longitude
-79.90275572

FAQs

What type of property is this?
Retail property - Prime 2.8-acre retail site, vacant, high traffic.
Where is the retail property located?
The property is located at 2780 Lee Hwy Troutville, VA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 6,867 SF retail property on a 2.8-acre lot in Troutville, VA (24175).; Former Exxon gas station site, now vacant and available for lease.; High-visibility corner lot at Route 11 & Alternate Route 220, near I-81 Exit 150, with traffic light.
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2780 Lee Hwy
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