1110 Campbell AveLynchburg, VA 24501

Property Details for 1110 Campbell Ave

Year built

1960

Lot size

0.50 AC

Property size (Sq ft)

2,226 SF

Zone code

B5

Property type

Retail space

APN

027 08 002

APU

2708002

Description

This exceptional storefront property, located at 1110 Campbell Avenue in Lynchburg, Virginia, presents a unique investment opportunity. The 2,230 square foot building sits on a half-acre lot and boasts a convenient drive-through, ideal for a variety of retail or small office uses. Completely renovated in 2021, this single-story structure is zoned B-5, offering flexibility for diverse business ventures. Its prime location in the desirable Miller Park area ensures high visibility and accessibility, attracting significant foot and vehicle traffic. The asking price is $525,000. This property offers a compelling combination of modern amenities, a strategic location, and ample space, making it an attractive proposition for discerning investors seeking a strong return on investment in a thriving Lynchburg market. The property's size and zoning provide significant potential for growth and adaptation to various business models. Don't miss this chance to acquire a well-maintained, high-traffic commercial property in a sought-after Lynchburg neighborhood. The property's recent renovation ensures immediate occupancy and minimal upfront investment in repairs or upgrades. This is a turnkey opportunity to establish or expand a business in a vibrant and growing community.

• CAP approach

  CAP return

  Valuation

  6%

  $489,117

  6.5%

  $451,492

  7%

  $419,243

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,287,609

  Geo Method

  $1,287,609

• Alternative Use

  Use

  Valuation

  Residential

  $380,851

  Hospitality

  $348,857

  Educational

  $290,245

  Medical

  $300,227

  Retail

  $451,492

Location Insight

City

Lynchburg

County

Lynchburg City

State

Virginia

Latitude

37.4032

Longitude

-79.1578

CBSA code

31340

CBSA name

LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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