7505 Timberlake RdLynchburg, VA 24502

Property Details for 7505 Timberlake Rd

Year built

1946

Lot size

5.50 AC

Property size (Sq ft)

1,284 SF

Property type

Other commercial real estate

Description

This exceptional 5.6-acre property in Lynchburg, Virginia, presents a rare investment opportunity. Located on Timberlake Road, it boasts a prime location with B-1, R-C, and R-1 zoning, offering diverse commercial and residential potential. The main structure, affectionately known as the "Big Cottage," is a charming 2-bedroom, 1-bathroom home featuring a living/dining area, covered front porch, laundry facilities, and a back deck overlooking the expansive grounds. A significant feature is the renovated red barn, currently housing three fully furnished studio apartments, each complete with a full bath and bistro kitchen. A fourth studio apartment within the barn is nearing completion. Adding to the property's versatility is a 288-square-foot "little cottage," a charming tiny house. The property's eastern boundary is defined by Dreaming Creek, creating a picturesque park-like setting with a large field along the creek. Currently utilized as an Airbnb, this property offers immediate income potential while also presenting significant commercial possibilities due to its high visibility on Timberlake Road. The combination of residential dwellings, potential rental income, and flexible zoning makes this a truly unique and versatile property. The 1,284 square foot main house, along with the barn and tiny house, provide ample space for various uses. This is an ideal opportunity for an investor seeking a multi-faceted property with both residential and commercial potential.

Location Insight

City

Lynchburg

County

Lynchburg

State

Virginia

Latitude

37.3577

Longitude

-79.2192

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