2901 Candlers Mountain RdLynchburg, VA 24502

Property Details for 2901 Candlers Mountain Rd

Year built

1994

Construction

FRAME

Lot size

0.70 AC

Property size (Sq ft)

1,369 SF

Zone code

B5

Property type

Drive through restaurants

APN

162 04 001

APU

16204001

Description

This exceptional commercial property, located at 2901 Candlers Mountain Road in Lynchburg, Virginia, presents a unique investment opportunity. The 0.7-acre lot boasts significant frontage on Candlers Mountain Road, a high-traffic area with excellent visibility. The existing structure offers 860 square feet of space, ideally suited for a drive-thru business. The property's design features a double drive-thru configuration, eliminating the need for indoor seating, making it perfect for quick-service restaurants or similar ventures. Its strategic location at a traffic signal ensures easy access for customers. The asking price is $1,300,000. This property's prime location and adaptable design make it an attractive prospect for entrepreneurs seeking a high-visibility commercial space in a thriving Lynchburg market. The significant traffic volume and convenient access contribute to its strong potential for return on investment. The existing structure provides a solid foundation for immediate operation, minimizing initial setup costs. This is a rare opportunity to acquire a well-positioned commercial property in a desirable area of Lynchburg. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $300,809

  6.5%

  $277,670

  7%

  $257,836

• Comparable approach

  Method

  Valuation

  Relative Method

  $791,885

  Geo Method

  $791,885

• Alternative Use

  Use

  Valuation

  Residential

  $234,225

  Hospitality

  $214,549

  Educational

  $178,502

  Medical

  $184,641

  Retail

  $277,670

Location Insight

City

Lynchburg

County

Lynchburg City

State

Virginia

Latitude

37.3689

Longitude

-79.1802

CBSA code

31340

CBSA name

LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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