Lynchburg Commercial Investment
1401 Lakeside Drive Lynchburg, VA 24501
1401 Lakeside Drive, Lynchburg, VA, 24501
$299,900
For Sale
$299,900
COMMERCIAL - Lynchburg, VA
Property Size1,689 SF
Lot Size0.27 Acres
Price / SF$177.56
Days on Market318
Property Features for 1401 Lakeside Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 01413002
- Size
- 1,689 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Description
- WEST LYNCHBURG, SEC 2, BLK 15, PARCEL A
Building Details
- Year built
- 1961
Listing Agency
Watts Auction Realty Appraisals Inc
(434) 821-5263
7661 Wards RD, Rustburg, VA
Listed by
Charlie A Watts II · License #0225086405
(434) 821-5263
Added: Sep 4, 2025 Checked: Jul 18 at 3:06 am
MLS# 361674
Copyright © 2026 Lynchburg Virginia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property, located in Lynchburg, Virginia, presents an investment opportunity. The building, situated on Lakeside Drive, was last utilized as an office space, encompassing 1689 square feet. The property occupies a 0.2723-acre lot and is positioned on route 221. While previously purposed for office use, the building has the potential to be converted to accommodate other business ventures.
Key Highlights
- Excellent investment opportunity
- Located directly on 221
- Building can be converted to another business
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.5k | $21.00 |
| − Vacancy | −$1.4k | −$0.84 |
| EGI | $34.1k | $20.16 |
| − OpEx | −$8.5k | −$5.04 |
| NOI | $25.5k | $15.12 |
1,689 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$364.8K
$319.2K – $425.6K
NOI $25,538 @ 7.0% cap · market cap 8.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$500.3K
$437.8K – $583.7K
NOI $35,023 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office space on Lakeside Drive, potential for business conversion.
Where is this office units located?
The property is located at 1401 Lakeside Drive Lynchburg, VA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Excellent investment opportunity; Located directly on 221; Building can be converted to another business
