Economic Development Partnership Opportunity – Town of Troutville
5374 Lee Highway | Troutville, Virginia
The Town of Troutville invites qualified developers, business owners, and investors to explore a unique economic development partnership opportunity at 5374 Lee Highway, a highly visible and strategically located property in the heart of the Roanoke Valley region.
Property Overview
Situated along the well-traveled Lee Highway corridor, this site offers excellent accessibility and exposure, with proximity to Interstate 81 and surrounding residential and commercial growth areas. The property is ideally positioned to serve both local residents and regional travelers.
Opportunity
The Town is seeking a public-private partnership to redevelop or repurpose this site into a vibrant commercial destination that enhances Troutville’s economic vitality and community character. Preferred uses include, but are not limited to:
Restaurant or dining establishment
Café or bakery
Boutique retail or specialty market
Mixed-use commercial space
Creative and complementary concepts that align with the Town’s vision are strongly encouraged.
Partnership Goals
The Town of Troutville is committed to:
Supporting thoughtful, high-quality development
Expanding local amenities and services
Increasing tourism and economic activity
Preserving the small-town charm and identity of Troutville
Incentives & Support
Potential partnership opportunities may include:
Streamlined permitting and development coordination
Local and regional economic development support
Assistance with infrastructure considerations (as applicable)
Ideal Partner
The Town seeks a partner who:
Demonstrates experience in commercial development or business operations
Brings a strong, community-oriented vision
Is committed to long-term investment and success in Troutville
Submission Information
Interested parties are encouraged to submit a statement of interest that includes:
Conceptual development or business proposal
Relevant experience and qualifications
Preliminary timeline and investment considerations
Contact
For additional information or to express interest, please contact:
