104 Tradewynd DrLynchburg, VA 24502

Property Details for 104 Tradewynd Dr

Year built

2004

Lot size

0.03 AC

Property size (Sq ft)

2,600 SF

Zone code

R2C

Property type

Retail space

APN

250 18 004

APU

25018004

Description

This exceptional commercial property, located at 104 Tradewynd Drive in the heart of Lynchburg's bustling Wyndhurst neighborhood, presents a compelling investment opportunity. The 2,600 square foot building sits on a 0.03-acre lot and boasts a prime location on a signalized street, ensuring high visibility and accessibility. The property is currently fully leased, generating immediate income. The lower level is occupied by a national tenant, offering stability and consistent revenue. This space features both convenient front and rear entrances, along with ample street parking and additional parking in the rear. The upper level is divided into two approximately equal-sized office spaces, each benefiting from a shared bathroom and a rear entrance. This versatile layout offers flexibility for future tenants or potential expansion. The property's strategic location within the vibrant Wyndhurst area, combined with its strong tenant occupancy and excellent accessibility, makes it an ideal investment for discerning buyers seeking a stable and profitable commercial venture. The asking price is $455,000. This is a rare opportunity to acquire a fully leased, high-yield commercial property in a desirable Lynchburg location. Don't miss out on this chance to secure a valuable addition to your investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $571,295

  6.5%

  $527,350

  7%

  $489,682

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,503,946

  Geo Method

  $1,503,946

• Alternative Use

  Use

  Valuation

  Residential

  $444,839

  Hospitality

  $407,470

  Educational

  $339,010

  Medical

  $350,670

  Retail

  $527,350

Location Insight

City

Lynchburg

County

Lynchburg City

State

Virginia

Latitude

37.3573

Longitude

-79.2404

CBSA code

31340

CBSA name

LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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