11420 Wards RdRustburg, VA 24588

  • Other commercial real estate
  • 2,656 SF
For Sale
$419,000 View listing

Property Details for 11420 Wards Rd

Year built
1979
Construction
FRAME
Lot size
0.53 AC
Property size (Sq ft)
2,656 SF
Zone code
B-GC
Property type
Other commercial real estate
APN
032B-05000-002-0
APU
032B050000020

Description

This exceptional 2,656 square foot property located at 11420 Wards Road, Rustburg, VA, presents a compelling investment opportunity. Situated on a 1.2-acre lot in Campbell County, this one-level home boasts significant potential for commercial use. Currently zoned Business-General Commercial, it offers a versatile space ideal for a variety of businesses. Its convenient location provides easy access to Liberty (under 10 minutes) and Downtown Lynchburg (approximately 15 minutes), ensuring high visibility and accessibility. The property features a full unfinished basement, perfect for storage or expansion, along with a two-car attached garage and a carport, providing ample parking. Inside, the home retains considerable charm, highlighted by a dining room chandelier and a beautiful stone fireplace in the living room. While the property is being sold "as-is," its spacious layout and desirable location make it an attractive proposition for savvy investors seeking to capitalize on its commercial zoning. The property is located within the Brookville School District. This is a rare opportunity to acquire a substantial property with significant upside in a thriving area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $454,420
    Hospitality
    $416,247
    Educational
    $346,312
    Medical
    $358,222
    Retail
    $538,708
11420 Wards Rd, Rustburg, Virginia

Location Insight

City
Rustburg
County
Campbell
State
Virginia
Latitude
37.2723
Longitude
-79.1777
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
$592
$98,100
$33,400
$131,500
-
$98,100
$33,400
$131,500

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