Lee Highway Portfolio Sale

This portfolio consists of 17 contiguous tax parcels with 5 buildings on nearly 8 acres of high visibility business-zoned frontage along well-trafficked Route 11 Lee Highway in the New River Valley. Legacy business uses include a gas station and a car dealership with 3 acres of graveled parking lots secured by 6-foot chainlink fence and three 24-foot cantilevered gates for access. There are 16 undeveloped residential lots with one existing multi-family residential rental property. There is also an additional 10,000 square feet of brick and cinderblock on cement slab, high-ceiling and multi-story warehouse space. These properties are within two tenths of a mile (.17 mi) of a State of Virginia Enterprise Zone with potential for expansion, a relatively low property tax rate, and numerous state incentives for relocating businesses. This is an owner-direct sale, so please reach out to schedule an appointment to view these parcels.