3405 Candlers Mountain RdLynchburg, VA 24502

Property Details for 3405 Candlers Mountain Rd

Year built

1980

Lot size

26.87 AC

Property size (Sq ft)

400,209 SF

Zone code

B5

Property type

Retail properties

Property subtype

Community centers

APN

162 06 001

APU

16206001

Description

This exceptional opportunity presents multiple restaurant and retail spaces for lease within the vibrant West End District at River Ridge in Lynchburg, Virginia. Located at 3405 Candlers Mountain Rd, zip code 24502, this development offers a contemporary, open-air shopping experience, complementing the existing 781,832 square foot River Ridge shopping destination. The West End District is designed to create a dynamic environment featuring retail, restaurants, and entertainment options centered around a public plaza and event lawn, ideal for community gatherings and year-round programming. Available spaces range from 2,080 square feet to 6,658 square feet, providing flexibility for various business concepts. The property boasts ample parking with a total of 4,380 spaces, ensuring convenient access for customers and employees. This is a unique chance to establish a presence in a thriving, well-established commercial district with significant foot traffic and visibility. The property is categorized as an outparcel and free-standing building, offering excellent exposure and independent access. The multiple tenancy structure allows for diverse business opportunities within the same development. This prime location in Lynchburg, VA offers a strong potential for growth and success. Contact us today to learn more about leasing options and secure your space in this exciting development.

• CAP approach

  CAP return

  Valuation

  6%

  $87,937,528

  6.5%

  $81,173,104

  7%

  $75,375,024

• Comparable approach

  Method

  Valuation

  Relative Method

  $231,497,216

  Geo Method

  $231,497,216

• Alternative Use

  Use

  Valuation

  Residential

  $68,472,552

  Hospitality

  $62,720,488

  Educational

  $52,182,708

  Medical

  $53,977,352

  Retail

  $81,173,104

Location Insight

City

Lynchburg

County

Lynchburg City

State

Virginia

Latitude

37.3646

Longitude

-79.1782

CBSA code

31340

CBSA name

LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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