869 N Lee Hwy - Bank FOR SALE


Lexington, VA 24450
$700,000 USD
401-339-4749
869 N Lee Hwy, Lexington, VA for Sale
$700,000 USD
Bank - FOR SALE
1/12
null | Request Cap Rate

869 N Lee Hwy
Lexington, VA 24450


HIGHLIGHTS

  • Freestanding former bank branch with flexible layout and strong curb appeal
  • Located on North Lee Highway with excellent visibility and pylon signage
  • Paved parking lot with 18 spaces supports customer and employee access
  • Surrounded by national retailers and restaurants in a vibrant commercial corridor
  • Zoned B-1, allowing for a wide range of retail, office, and service uses
  • Strong local demographics with high household income and daytime population

OVERVIEW

Located along the highly trafficked corridor of North Lee Highway, this former bank branch offers a prime opportunity for owner-users or investors seeking a well-positioned commercial asset in Lexington, Virginia. The property features a freestanding, single-story building with a flexible interior layout, ideal for retail, office, or service-oriented uses. Built in 1997 and situated on 0.8 acres, the site includes a paved parking lot with 18 spaces and prominent pylon signage for maximum visibility. Its location provides excellent accessibility and exposure to both local residents and daytime traffic, with a surrounding mix of national retailers and restaurants including Applebee’s, Chick-fil-A, Starbucks, Dunkin', and Dairy Queen. The B-1 zoning allows for a wide range of commercial uses, making this an adaptable site for businesses looking to establish a presence in a growing market. Demographic data within a 5-mile radius reveals a population of over 16,000 and a strong average household income exceeding $90,000, supporting a stable customer base. The property’s proximity to major roadways and Lexington’s commercial core further enhances its appeal for retail conversion, financial services, or medical office use.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$438 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Auto Repair, Fast Food, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

B-1

APN/PARCEL ID

61A1-1-5C1

ASK ABOUT THIS PROPERTY

Spencer GrassieRoseviewMore Info
401-339-4749

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Spencer GrassieRoseviewMore Info
401-339-4749

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.