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    1304 Lovell St Lynchburg, VA 24501

    For Sale
    $48,000

    Seven Lots, R3/R4 Zoning, High Potential

    Property size:
    1 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional investment opportunity presents seven contiguous lots in Lynchburg, Virginia, totaling approximately 3.41 acres, ideal for a variety of development projects. The properties are being sold as a single package and will not be sold individually. The lots offer a unique chance to acquire a substantial land holding in a desirable location. Zoning is a mix of R3 and R4, allowing for diverse development possibilities, subject to city approvals. Individual lot sizes vary, providing flexibility for a range of development plans. The largest lot, located at 101 Bath Street, encompasses 1.45 acres, while others range from 0.12 acres to 0.96 acres. The Lovell Street lots (1304 and 1308) each measure 0.24 acres. The Maury Street lot (400 Maury Street) offers 0.96 acres. Finally, the Pierce Street lots (1415 and 1417) are 0.12 and 0.13 acres respectively, and the Zenobia Street lot (1811 Zenobia Street) is 0.57 acres. This combined acreage presents a significant opportunity for developers seeking a substantial land parcel in a growing area. The asking price for the entire package is $48,000. Prospective buyers are encouraged to conduct their own due diligence regarding zoning regulations and development possibilities. This is a rare opportunity to acquire a substantial land holding in Lynchburg, VA.

    Property Features for 1304 Lovell St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1 SF
    Lot Size
    10,454 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg
    State
    Virginia
    Longitude
    -79.16211
    Latitude
    37.41803

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    FAQs

    What type of property is this?
    Commercial real estate - Seven Lots, R3/R4 Zoning, High Potential
    Where is this commercial real estate located?
    The property is located at 1304 Lovell St Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $48,000.
    (434) 941-2790
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    1304 Lovell St Lynchburg, VA 24501
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    Lynchburg, VA 24501
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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
    1304 Lovell St Lynchburg, VA 24501
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