For Sale
$795,000

2613 Wards RdLynchburg, VA 24502

High-yield storefront, multi-tenant, 6,500 SF

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 6,500 square foot retail storefront located at 2613 Wards Road in Lynchburg, Virginia. The property boasts a strong 7.52% capitalization rate and a Net Operating Income (NOI) of $59,780, making it an attractive addition to any portfolio. The building, situated on a 0.68-acre lot, is a single-story structure with three units currently occupied by two tenants under a multi-tenant net lease agreement. The asking price is $795,000, translating to a price per square foot of $122.31. The property is zoned B-5 and offers significant value-add potential. Its prime location on Wards Road, a high-traffic area with a daily vehicle count of 12,000, places it directly across from the substantial River Ridge Mall (423,132 square feet of retail space), ensuring high visibility and foot traffic. This well-positioned retail center presents a compelling investment opportunity with strong potential for future growth and returns. The property features one building with a total of three units.

Highlights

  • 6,500 SF retail center on Wards Rd.
  • Value-add opportunity available.
  • High-traffic location directly across from the 423,132 SF River Ridge Mall.
  • B-5 zoning.
  • Wards Rd. boasts 12,000 vehicles per day (VPD).

Property Details for 2613 Wards Rd

Property type
Retail properties, Retail space
Square Feet
6,500 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
29,621 SF
Units
3

Location Insight

City
Lynchburg
County
Lynchburg City
State
Virginia
Latitude
37.363577891061
Longitude
-79.181845751546
2613 Wards Rd, Lynchburg, Virginia

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2613 Wards Rd
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