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Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 21 Highland Drive in Lebanon, Virginia is a vacant ±2,785-square-foot freestanding former Wendy’s positioned for restaurant reuse, owner-user occupancy, lease-up, or adaptive reuse. Built in 1983 on ±1.1377 acres, the Property features an existing drive-thru, pylon sign, 35 surface parking spaces, two curb cuts, and approximately 427 feet of combined frontage along E Main Street/US Route 19 and Highland Drive. The hard-corner site benefits from ±8,929 VPD on E Main Street and convenient access to US-19, which carries approximately ±12,331 VPD. The Property occupies an outparcel position at the Russell County Government Center, adjacent to Veterans Memorial Park, and is surrounded by Food City, Walgreens, McDonald’s, Taco Bell, Burger King, Pizza Hut, Dollar General, and other commercial uses. Zoned C-1, Commercial, the Property offers potential for a variety of commercial uses, subject to confirmation of permitted uses and municipal requirements. CoStar estimates retail market rents at $10-$12/SF NNN. The Property is approximately 25 minutes from Historic Downtown Abingdon and 42 miles from Bristol Motor Speedway. Within five miles, the surrounding trade area includes nearly 7,200 residents with average household income approaching $79,000.
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Location
Lebanon is the Russell County seat and a commercial hub in Southwest Virginia’s Appalachian region. Positioned along US-19, the community connects to Abingdon, Bristol, and the broader Tri-Cities area. Government, healthcare, education, manufacturing, retail, and regional employers support daily activity, while Bristol Motor Speedway is approximately 42 miles away.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
