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    620 Gum St Lynchburg, VA 24504

    For Sale
    Contact for pricing

    LAND - Lynchburg, VA

    Lot size:
    0.07 Acres
    Days on Market:
    20
    Last Refresh:
    Dec 13 at 11:06 pm

    Property Features for 620 Gum St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    025-53-004
    Lot size
    0.07 Acres

    Utilities

    Sewer type
    Public Sewer

    Weichert Realtors Brockwell and Portwood (804) 518-0500 [email protected]

    Listing agent Kenneth Byers (804) 518-0500 License #0225273763

    Listing date Nov 25, 2025

    MLS# 2527477 Listing URL

    Copyright © 2025 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lynchburg Land Ready For Development

    This 0.0689-acre lot is located in Lynchburg, Virginia, within an established R-3 zoning area. The property presents opportunities for builders, new investment properties, and private investors. Previous steps to the lot and a sidewalk are already in place, making it primed for development. This lot is suitable for building a home. It is priced to allow for potential profit on the selling side. Buyers are advised to conduct their own due diligence prior to purchasing the lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg
    State
    Virginia
    Longitude
    -79.140079
    Latitude
    37.404973

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    FAQs

    What type of property is this?
    Land - Established R-3 zoned lot primed for development in Lynchburg.
    Where is this land located?
    The property is located at 620 Gum St Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $24,000.
    What are key features of this property?
    This property features: - Established R-3 zoned lot offering development flexibility.; - Priced competitively for investment and profit potential.; - Sidewalk already in place.
    (804) 518-0500
    Request Owner's contact information
    620 Gum St Lynchburg, VA 24504
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    Lynchburg, VA 24504
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    620 Gum St Lynchburg, VA 24504
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