225 Simons RunLynchburg, VA 24502
- Other commercial real estate
- 88,286 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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