4028 Wards RdLynchburg, VA 24502

Property Details for 4028 Wards Rd

Year built

2000

Lot size

11.64 AC

Property size (Sq ft)

124,626 SF

Zone code

B5C

Property type

Retail properties

Property subtype

Other retail properties

APN

257 05 006

APU

25705006

Description

Wards Crossing is a thriving 81,064 square foot power center in Lynchburg, Virginia, built in 2001. This multi-tenant property boasts a strong anchor lineup including Target, Michaels, and Aldi, complemented by a diverse mix of national and local tenants such as Barnes & Noble, Hallmark, The UPS Store, Blaze Pizza, and Five Guys. The center is strategically located off Wards Road/Bus 29 and Route 460, a high-traffic area with an average daily count exceeding 41,000 vehicles. Its proximity to Liberty University, with its substantial student population of over 100,000, ensures a consistent customer base. The property features ample parking with a ratio of 6.97 spaces per 1,000 square feet of gross leasable area (GLA). Currently, there is 4,729 square feet of vacant space available within the 19.12-acre lot. This presents a unique opportunity to acquire a well-established retail center with significant potential for growth and return on investment. The property's strong tenant base, high visibility location, and proximity to a major university make it an attractive investment prospect in a dynamic market. The property offers a blend of established national brands and local businesses, creating a diverse and resilient tenant mix. The substantial parking provision caters to the high volume of daily traffic, ensuring convenient access for shoppers and employees. This power center represents a compelling opportunity for investors seeking a stable and high-performing retail asset in a desirable location.

Location Insight

City

Lynchburg

County

Lynchburg City

State

Virginia

Latitude

37.3458

Longitude

-79.1909

CBSA code

31340

CBSA name

LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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