Listing Agency: Coldwell Banker Commercial Read & Company r***@realestatelynchburg.com Show Phone

Listed By: Ricky Read · License #0226023041

Source: Exprealty

Added: Jun 3, 2020 Changed: Aug 20 Last Checked: Aug 31 at 6:38PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Read & Company

Investment Insights

Based on property information with market context.

Located at the signalized intersection of Ardmore Drive and Old Forest Road, this property comprises two lots. One of the lots currently features a brick ranch dwelling. The surrounding area is highly developed, with a Walmart shopping center situated across Old Forest Road and several fast-food restaurants in close proximity. Rezoning will be required to accommodate commercial uses.

Key Highlights

• Signalized intersection location at Ardmore Dr. & Old Forest Rd.
• Proximity to Walmart shopping center.
• Close proximity to numerous fast food restaurants.

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Parking Lot & Garage Big Box & Wholesale Store Skin Care Clinic Storage Facility Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

535

Businesses Nearby

Explore this area Business Placement

Demographics for 24501, VA

27,160

Population

12,157

Households

2.2

Avg Household Size

33

Median Age

25%

College-Educated

87%

High-School Grad

36.3 sq mi

ZIP Area

748

Density / Sq Mi

$45,305

Median Household Income

$28,790

Median Earnings

$936

Median Rent

$155,800

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Updated Conventional Restaurant

3014 Memorial Ave, Lynchburg, VA 24501

$899,999

12,000 SF

View details

Operational Manufacturing Facility

1431 Waterlick Road, Lynchburg, VA 24501

$1,599,000

6,000 SF

View details

Single-Story Office Building

7609 Timberlake Road, Lynchburg, VA 24502

$399,900

1,120 SF

View details

Mixed-Use Commercial Property

4001 Murray, Lynchburg, VA 24501

$1,200,000

6,215 SF

View details

Mixed-Use Property with Shop

663 Old Plantation Dr, Lynchburg, VA 24502

$1,290,000

5,695 SF

View details

Medical Office Space with Professional Grounds

18697 Forest Road, Lynchburg, VA 24502

$435,000

2,282 SF

View details

Historic Beaux Arts Mixed-Use Building

1025 Church Street, Lynchburg, VA 24504

$1,100,000

9,341 SF

View details

Office/Warehouse Condominium Unit

1-1030 Mcconville Rd, Lynchburg, VA 24502

$385,000

2,340 SF

View details

Fenced Flex Space

1819 Main Street, Lynchburg, VA 24504

$399,900

5,134 SF

View details

Multi-Level Flex Space

3506 Memorial Ave, Lynchburg, VA 24501

$979,000

17,706 SF

View details

One-Story Warehouse with Paved Driveway

2300 Fort Avenue, Lynchburg, VA 24501

$199,900

6,083 SF

View details

Creative Space with Front and Rear Parking

196 Oakley Avenue, Lynchburg, VA 24501

$129,900

919 SF

View details

Frequently Asked Questions

What type of property is this?

Commercial land - Two lots at a developed intersection, rezoning required for commercial.

Where is this commercial land located?

The property is located at 1001 Ardmore Dr Lynchburg, VA.

What is the asking price?

The asking price for this property is $395,000.

What are key features of this property?

This property features: Signalized intersection location at Ardmore Dr. & Old Forest Rd.; Proximity to Walmart shopping center.; Close proximity to numerous fast food restaurants.