6200 Fort AveLynchburg, VA 24502
- Other commercial real estate
- 7,185 SF
Property Details for 6200 Fort Ave
- Year built
- 1975
- Construction
- FRAME
- Lot size
- 0.83 AC
- Property size (Sq ft)
- 7,185 SF
- Zone code
- B3
- Property type
- Other commercial real estate
- APN
- 155 03 002
- APU
- 15503002
Description
This exceptional commercial property at 6200 Fort Avenue in Lynchburg, Virginia presents a compelling investment opportunity. The 7,185 square foot building sits on a 0.83-acre lot and is priced at $925,000. Recently updated both inside and out, this two-story building offers significant potential for dual use and substantial rental income. Each floor boasts approximately eight or nine individual offices, a dedicated meeting room, a break room, and restrooms. The flexible layout allows for an owner-occupier to utilize one floor for their business operations while generating income by leasing the other. Adding to the investment appeal, the basement offices are currently occupied by tenants, providing immediate cash flow. This property is ideally suited for a variety of businesses seeking a well-maintained, versatile space with strong rental potential. The strategic location in Lynchburg offers excellent access to local amenities and transportation networks. This is a rare opportunity to acquire a turnkey commercial property with proven rental income and significant upside potential. Schedule a viewing to explore this promising investment.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $1,229,296
- Hospitality
- $1,126,028
- Educational
- $936,842
- Medical
- $969,062
- Retail
- $1,457,310
Location Insight
- City
- Lynchburg
- County
- Lynchburg City
- State
- Virginia
- Latitude
- 37.3685
- Longitude
- -79.1989
- CBSA code
- 31340
- CBSA name
- LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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