Overlook Drive

Description:

PRIME COMMERCIAL GROUND LEASE – LEBANON, VA


Coldwell Banker Commercial Brooks Real Estate presents approximately 2 acres of level, graded commercial land with direct frontage on Overlook Drive, across from Pal's Sudden Service.


PROPERTY DETAILS
• Available for Ground Lease: ±2 Usable Acres
• Total Parcel: 3.542 Acres
• Lease Rate: Negotiable – Based on ±2 Acres ONLY
• Zoning: C-1 Commercial
• Location: Overlook Drive, Lebanon, VA
• Parcel ID: 104R916D


LOCATION ADVANTAGES
• Directly across from Pal's Sudden Service
• Near Food City and established retail businesses
• Convenient access to US Highway 19
• Located near Pittston Road and Career Tech Drive
• Level, graded road-front land offering development flexibility


POTENTIAL COMMERCIAL USES
• Quick-Service Restaurants / Drive-Through Coffee
• Automotive Service / Tire Centers
• Medical / Professional Offices
• Banks / Financial Services
• Retail / Service Businesses


GROUND LEASE TERMS
• Flexible lease terms and structures are negotiable.
• Traditional ground lease with fixed monthly or annual rent.
• Percentage-of-sales ground lease based on tenant revenue.
• Hybrid structures combining base rent with percentage rent.
• Long-term lease arrangements available for qualified tenants.


All proposed uses are subject to applicable zoning and development approvals.


REFERENCE ADDRESS
Pal's Sudden Service
370 Overlook Drive, Lebanon, VA 24266


PRIME LOCATION
• Directly across from Pal's Sudden Service
• Near Food City and surrounding retail and service businesses
• Convenient access to US Highway 19 and its four-lane highway corridor
• Near the intersection of Overlook Drive, Pittston Road, and Career Tech Drive
• Positioned to serve Lebanon, Russell County, and surrounding Southwest Virginia communities


PROPERTY ADVANTAGES
• ±2 Acres of Level, Graded, Usable Road-Front Land
• 3.542-Acre Total Parcel
• Direct Frontage on Overlook Drive
• Established Commercial Surroundings
• Flexible Site Layout Potential for Building Placement, Parking, and Customer Circulation
• C-1 Commercial Zoning


IDEAL DEVELOPMENT CONCEPTS
• Quick-Service Restaurants and Drive-Through Concepts
• Coffee Shops and Breakfast Restaurants
• Automotive Service and Tire Centers
• Medical, Dental, and Professional Offices
• Banks and Financial Institutions
• Specialty Retail and Neighborhood Services


WHY THIS LOCATION?
The property's proximity to established businesses, including Pal's Sudden Service and Food City, provides a strong commercial setting for a new business. Its graded road-front acreage, convenient highway access, and location within Lebanon's commercial district make it an attractive option for national, regional, and local operators seeking a presence in the market.


Approximately 2 usable acres are available for ground lease, with rental consideration based on the usable acreage rather than the entire 3.542-acre parcel. All proposed uses and development plans are subject to applicable zoning regulations and approvals.


Contact Coldwell Banker Commercial Brooks Real Estate to explore the development potential of this Lebanon commercial site.

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