5200 Fort AveLynchburg, VA 24502

  • Commercial real estate
  • 5,600 SF
For Sale
$1,200,000 View listing

Property Details for 5200 Fort Ave

Year built
1949
Construction
FRAME
Lot size
0.27 AC
Property size (Sq ft)
5,600 SF
Zone code
B3
Property type
Commercial real estate
APN
055 09 001
APU
5509001

Description

This exceptional three-story, 7,675-square-foot Class A office building is situated on Fort Avenue in Lynchburg, Virginia, offering unparalleled visibility. Its prime location provides easy access to Liberty University and the bustling Wards Road commercial corridor, making it suitable for a diverse range of office or retail businesses. Completely renovated in 2013, the building boasts a wealth of high-end features. These include elegant wood and marble flooring, a stunning skylight atrium, a modern glass conference room, numerous private offices, six restrooms (including ADA-compliant options), a full bath, a convenient kitchenette, a laundry room, energy-efficient LED lighting, and advanced CAT 6E internet wiring. Natural light floods the space, creating a bright and inviting atmosphere. Ample parking is provided with over twenty designated spaces conveniently located both adjacent to and behind the building. The building also includes valuable basement storage space. The property is zoned B-3, allowing for multiple tenancy. This is a rare opportunity to acquire a meticulously maintained, highly desirable commercial property in a thriving Lynchburg location. The single suite offers 7,675 square feet of versatile space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $958,115
    Hospitality
    $877,628
    Educational
    $730,176
    Medical
    $755,288
    Retail
    $1,135,830
5200 Fort Ave, Lynchburg, Virginia

Location Insight

City
Lynchburg
County
Lynchburg City
State
Virginia
Latitude
37.3776
Longitude
-79.1843
CBSA code
31340
CBSA name
LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$9,790
$125,000
$975,000
$1,100,000
-
$125,000
$975,000
$1,100,000

FAQs

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