311 East Lee Street Marion, VA ^$ 299,900

311 East Lee Street

^$ 299,900

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311 East Lee Street

Marion, VA, 24354

^$ 299,900

Bedrooms-- Baths--

Monthly Estimate*

^$ 1,847

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Commercial Property for sale in Marion, VA

for $299,900. This building was built in 1930 on a lot size of 1.41.

Great New Business Site in Marion with average daily traffic count of 13,000....1.41 acres of prime Commercial General Property located on the corner of East Lee Street, Main Street, Chatham Hill Road. Property includes 311, 315, 321, 325 East Lee Street older rental houses ready to be demolished. 321 & 325 have had the asbestos removed. All structures were built in the 1930's-1960's. Property joins the Middle Fork of the Holston River, so it does lie in the floodplain. High exposure and heavy traffic exposure. Begin your new adventure today!

Commercial Active

Price

^$ 299,900

Property Type

Commercial

Taxes

^$ 2,619

Style

Lot Size

1.41

Year Built

1930

Town/City

Marion

County/Region

Smyth

MLS | Web ID

100778

Features

Interior

Interior Amenities Shell Only

Flooring Concrete

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Below Grade Finished Area Unit Type Square Feet

Above Grade Finished Area Unit Type Square Feet

General

Sewer Public Sewer

Heating Space Heater

Cooling None

Utilities Cable Available

Possession Close Of Escrow

Roof Metal

Zoning CG

Construction Materials Asbestos Masonite Wood Siding Masonry

Year Built 1930

Property Subtype Commercial

Tax Year 2025

Current Use Other

Gross Income 0

County Smyth

Net Operating Income 0

New Construction N

Property Type Commercial Sale

HOA N

Attached Garage N

Garage Y/N N

Other Structures Additional Structures(3)

Status Active

Directions Exit 45 off I-81. Follow North on Commerce Street to Main Street right on Main left on East Lee Street. Property located on right.

City Marion

MLS Area Marion

Lot Size Units Acres

Lot Size Square Feet 61419.6

Carport Y/N N

Property Attached Y/N N

Land Lease Y/N N

Tax Annual Amount 2619

Showing Instructions Schedule Through Navica

Home Warranty Y/N N

Property Condition Exterior Condition: Poor Interior Condition: Poor

Additional Parcels Y/N N

Virtual Tour tour.usamls.net/311-East-Lee-Street-Marion-VA-24354/unbranded

Building Area Units Square Feet

Living Area Units Square Feet

Standard Status Active

Tax Lot 0

Freehold IDX BBO

Exterior

Exterior Amenities Other

Lot Features Flood Zone/Insurance Required

Water Source Public

Lot Size Area 1.41

Spa N

Building Area Total 0

Lot Dimensions 1.41

Lot Size Acres 1.41

Frontage Length Road Frontage Feet: 525'

Waterfront Y/N N

Other Equipment Equipment Leased(None)

Horse Y/N N

Irrigation Water Rights Y/N N

* Excluded Features

List By

Appalachian Realty Co.

Broker

vickie.stamper@appalachianrealtors.com

Affordability Calculator

$2,065

Per Month

Monthly Principal & Interest: $1,847
Monthly Property Taxes: $218
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Marion, VA

Average List Price ^$515,622

Percent of Sale Price 72%

About Marion, VA

6,176 Population

-2% Since 2002

^$32,487 Median Income

42.48 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1875416 Elementary School

1875515 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/6/2026	$299,900	-7.72%	Price Down
7/28/2025	$325,000		Listed Price

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311 East Lee Street, Marion, VA, 24354 is a Commercial Property for sale at $299,900 with a lot size of 1.41. 311 East Lee Street was built in 1930. The property's zip code is 24354 which is in Marion, VA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Southwest Virginia Association of REALTORS.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Southwest Virginia Association of REALTORS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 2/20/2026.

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311 East Lee Street

Commercial Property for sale in Marion, VA

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