225 Simons RunLynchburg, VA 24502

  • Other commercial real estate
  • 88,286 SF
For Sale
$1,200,000 View listing

Property Details for 225 Simons Run

Year built
2006
Lot size
11.85 AC
Property size (Sq ft)
88,286 SF
Zone code
B-GC,C
Property type
Other commercial real estate
APN
0130-0A000-049-0
APU
01300A0000490

Description

This exceptional 48-acre commercial land parcel, totaling 7,535 square feet, presents a remarkable investment opportunity in Lynchburg, Virginia. Located at 225 Simons Run, 24502, this pad-ready site boasts excellent visibility and frontage on Simons Run, directly across from Wards Crossing West and CarMax. Its prime location within Lynchburg's thriving shopping district, situated on a major commercial corridor, ensures high traffic and visibility. The property benefits from its proximity to Liberty University, the world's largest Christian university with over 100,000 students, and is adjacent to the Tru by Hilton hotel. Furthermore, its close proximity to a proposed 48-acre Centra Health medical facility adds significant long-term value. The site plan is already approved, allowing for immediate commencement of construction. This is an ideal opportunity for a restaurant or similar commercial development seeking a high-traffic, high-visibility location in a rapidly growing area. The asking price is $1,200,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $15,105,027
    Hospitality
    $13,836,123
    Educational
    $11,511,492
    Medical
    $11,907,390
    Retail
    $17,906,766
225 Simons Run, Lynchburg, Virginia

Location Insight

City
Lynchburg
County
Campbell
State
Virginia
Latitude
37.3428
Longitude
-79.1945
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
2023
$88,900
$3,257,700
$16,497,900
$19,755,600
-
$3,257,700
$16,497,900
$19,755,600

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