159 Pittston RdLebanon, VA 24266

Property Details for 159 Pittston Rd

Year built

1996

Lot size

6.66 AC

Property size (Sq ft)

33,600 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

104R E 916D

APU

104RE916D

Description

This 8,000 square foot retail center in Lebanon, Virginia, presents a fantastic leasing opportunity. Located at 159 Pittston Rd, zip code 24266, this Class C property sits on a 6.6-acre lot (APN: 104R E 916D) and is zoned for commercial use. Currently, 1,497 square feet of space is available, representing a minimum divisible unit. The property is multi-tenant, offering flexibility for various business types including office, restaurant, and medical uses. The building is anchored by a Food City grocery store, ensuring high foot traffic and visibility. The available space is currently unfinished, allowing for complete customization to suit a tenant's specific needs and branding. Ample parking is available for customers and employees. The property's well-maintained exterior contributes to its strong curb appeal and prime location within a thriving business community. This high-traffic area provides excellent exposure for any business seeking to establish a strong presence in Lebanon, Virginia. The property is an ideal choice for businesses seeking a versatile and adaptable space in a convenient and highly visible location.

• CAP approach

  CAP return

  Valuation

  6%

  $8,822,870

  6.5%

  $8,144,188

  7%

  $7,562,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,900,501

  Geo Method

  $14,338,356

• Alternative Use

  Use

  Valuation

  Residential

  $6,869,927

  Hospitality

  $6,292,816

  Educational

  $5,235,550

  Medical

  $5,415,608

  Retail

  $8,144,188

Location Insight

City

Lebanon

County

Russell

State

Virginia

Latitude

36.9005

Longitude

-82.0594

Property Tax & Assessments

FAQs

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