11420 Wards RdRustburg, VA 24588

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $449,941

  6.5%

  $415,330

  7%

  $385,664

• Comparable approach

  Method

  Valuation

  Relative Method

  $609,658

  Geo Method

  $609,658

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $875,573

  Retail / Commercial

  $437,658

  Mixed-Use / Specialty

  $427,169

  Hospitality / Lodging

  $301,774

  Office

  $415,330

  Institutional / Educational

  $440,892

  Residential Income

  $515,843

  Multifamily

  $668,177

  Automotive / Energy

  $377,907

  Parking / Income-Based Land

  $139,233

  Restaurant / Food Service

  $203,117

  Healthcare / Senior Housing

  $447,210

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

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