37 Millrace DrLynchburg, VA 24502

  • Industrial properties
  • 80,000 SF
For Lease
$13.20/SF/YR View listing

Property Details for 37 Millrace Dr

Year built
1995
Lot size
11.18 AC
Property size (Sq ft)
80,000 SF
Zone code
I2
Property type
Industrial properties
Property subtype
Other warehouses
APN
242 13 012
APU
24213012

Description

This exceptional 7,917 square foot industrial property in Lynchburg City is perfect for a single tenant seeking a blend of warehouse and office space. The building features a spacious 3,865 square foot warehouse area, boasting a 24-foot eave height, three 8x8-foot dock doors, a comprehensive sprinkler system, energy-efficient LED lighting, a backup generator for reliable power, and 24/7 security and access for peace of mind. The warehouse space is fully conditioned, ensuring a comfortable and productive work environment year-round. In addition to the warehouse, the property includes 4,052 square feet of fully conditioned office space, designed with modern finishes. This office area offers a flexible layout incorporating a mix of private offices and cubicles, catering to diverse business needs and team structures. The property is classified as Industrial, Land, and is categorized as a Warehouse, Flex, and Commercial space. The single-tenant occupancy makes this an ideal solution for businesses seeking a dedicated and secure location. This property is located at 37 Millrace Drive in Lynchburg City County. The property's combination of warehouse and office space, coupled with its advanced features and security, presents a compelling opportunity for a variety of businesses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $13,687,358
    Hospitality
    $12,537,547
    Educational
    $10,431,092
    Medical
    $10,789,833
    Retail
    $16,226,143
37 Millrace Dr, Lynchburg, Virginia

Location Insight

City
Lynchburg
County
Lynchburg City
State
Virginia
Latitude
37.3704
Longitude
-79.2362
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
$34,585
$514,800
$3,371,200
$3,886,000
-
$514,800
$3,371,200
$3,886,000

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