3211 Old Forest RdLynchburg, VA 24501

  • Commercial real estate
  • 4,670 SF
For Sale
$750,000 View listing

Property Details for 3211 Old Forest Rd

Year built
1970
Construction
FRAME
Lot size
0.93 AC
Property size (Sq ft)
4,670 SF
Zone code
B3
Property type
Commercial real estate
APN
220 04 002
APU
22004002

Description

This exceptional 5,100 square foot brick office building at 3211 Old Forest Road in Lynchburg, Virginia presents a unique investment opportunity. Currently available for the first time, this property boasts a highly desirable location and substantial space. The main level features ten individual offices, a welcoming reception area, a dedicated conference room, a copy room, and two bathrooms. The lower terrace level offers even more space with eleven additional offices, a second reception area with its own exterior entrance, a smaller conference or break room, two more bathrooms, and ample storage. The building is equipped with a durable slate roof, ensuring long-term protection. Ample parking is provided with two parking lots accommodating 25 vehicles. The property sits on a generous 0.93-acre lot, offering significant potential for future expansion or outdoor amenities. This is a turnkey opportunity for a business seeking a well-established and conveniently located office space. The building's iconic status and substantial square footage make it an ideal location for a variety of businesses. The property's excellent condition and desirable features make it a rare find in the Lynchburg market. Priced at $750,000, this is a compelling investment opportunity not to be missed.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $799,000
    Hospitality
    $731,879
    Educational
    $608,915
    Medical
    $629,856
    Retail
    $947,201

Location Insight

City
Lynchburg
County
Lynchburg City
State
Virginia
Latitude
37.4131
Longitude
-79.2111
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
$6,008
$419,400
$255,600
$675,000
-
$419,400
$255,600
$675,000

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