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Investment Highlights

  • ±3 Acres in Prime Claypool Hill Commercial Corridor
  • Excellent Visibility & Access on Governor G. C. Peery Hwy
  • For Sale at $900,000 – Ground Lease Preferred
  • Directly Across from Walmart Entrance
  • Flexible Retail, Hospitality, Medical & Light Industrial Potential

Executive Summary

Prime ±3-acre commercial/light industrial development opportunity located along Governor G. C. Peery Highway in the heart of the Claypool Hill commercial corridor. Positioned directly across from the Walmart entrance, the property offers excellent visibility, convenient access, and immediate proximity to one of the strongest concentrations of retail, restaurants, hotels, healthcare, and service businesses in the region.
The property offers exceptional flexibility for a wide variety of potential uses, including QSR/restaurant, retail, convenience store, hotel, medical, office, automotive, financial services, self-storage, warehouse/light industrial, religious facility, funeral home, and other commercial development.
Claypool Hill serves as a major commercial hub for Tazewell County and the surrounding Southwest Virginia and Southern West Virginia trade area, making this an excellent location for both local and regional users.
Ownership prefers a long-term ground lease; however, the property is also being offered for sale at $900,000.

Property Facts

Price $900,000
Sale Type Investment
Sale Conditions
Ground Lease (Leasehold)
  • Ground Lease (Leased Fee)
  • Build to Suit
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Hospitality
  • Apartment Units
  • Auto Dealership
  • Auto Repair
  • Bank
  • Bar
  • Carwash
  • Community Center
  • Contractor Storage Yard
  • Convenience Store
  • Daycare Center
  • Drugstore
  • Fast Food
  • Food Processing
  • Funeral Home
  • Garden Center
  • General Freestanding
  • Healthcare
  • Hold For Development
  • Hotel
  • Medical
  • Motel
  • Neighborhood Center
  • Office Park
  • Police or Fire Station
  • Post Office
  • Refrigeration or Cold Storage
  • Rehabilitation Center
  • Religious Facility
  • Restaurant
  • Self Storage
  • Service Station
  • Storefront
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
  • Strip Center
  • Supermarket
  • Veterinarian or Kennel
  • Warehouse
  • Agribusiness
Total Lot Size 3.00 AC
Zoning None - Any commercial or light industrial use

1 Lot Available

Lot

Price $900,000
Price Per AC $300,000.00
Lot Size 3.00 AC

Prime ±3-acre commercial/light industrial site on Governor G. C. Peery Hwy, directly across from the Walmart entrance in Claypool Hill. Excellent visibility and flexible development potential. Ground lease preferred; sale offered at $900,000.

Description

Coldwell Banker Commercial Brooks Real Estate is pleased to offer this ±3-acre commercial/light industrial development site located along Governor G. C. Peery Highway in the heart of the Claypool Hill commercial corridor. Situated directly across from the Walmart entrance, the property offers excellent visibility, convenient access, and a strategic position among established retailers, restaurants, hotels, healthcare providers, and service businesses. The site provides flexible development potential for a wide variety of uses, including retail, QSR/restaurant, convenience store, hotel, medical, office, automotive, financial services, self-storage, warehouse/light industrial, religious facility, funeral home, and other commercial uses. Claypool Hill serves as an important commercial hub for Tazewell County and the surrounding Southwest Virginia and Southern West Virginia trade area. Ownership prefers a long-term ground lease but will also sell the property at the listed asking price of $900,000.

Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
125B-A-0004
Land Assessment
$45,000
Improvements Assessment
$70,200
Total Assessment
$115,200
  • Listing ID: 41750781

  • Date on Market: 8/14/2026

  • Last Updated:

  • Address: 13381 Governor G C Peery Hwy, Pounding Mill, VA 24637

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