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    3617 Old Forest Rd Lynchburg, VA 24501

    Sponsored
    For Sale
    $1,325,000

    Prime Location, High Visibility, Lease/Sale

    Property size:
    4,818 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 4,818 square foot medical office building presents a unique investment opportunity in Lynchburg, Virginia. Situated on a prominent corner lot spanning 1.07 acres, the property boasts a large paved parking lot with ample space for 48 vehicles. The building's current layout is well-suited for medical practices, featuring multiple waiting/reception areas, exam rooms, nurses' stations, private offices, a conference room/break room, and six restrooms. The flexible design allows for easy division into two separate office suites, catering to a variety of potential tenants. The building benefits from its location along a well-established commercial corridor, ensuring high visibility and convenient access for patients and clients. The existing medical practice is relocating, presenting an immediate opportunity for occupancy or lease. The property's strategic location and versatile layout make it an ideal investment for both owner-occupiers and investors seeking a strong return. The asking price is $1,325,000, and the property is also available for lease. This is a rare opportunity to acquire a well-maintained, high-traffic medical office building in a thriving commercial area. Don't miss out on this chance to secure a valuable asset in a desirable location.

    Property Features for 3617 Old Forest Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,818 SF
    Lot Size
    46,609 SF

    Building Details

    Year Built
    1991
    Property Profile 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
    -79.21701
    Latitude
    37.40767

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Location, High Visibility, Lease/Sale
    Where is this commercial real estate located?
    The property is located at 3617 Old Forest Rd Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $1,325,000.
    (434) 485-8900
    Request Owner's contact information
    3617 Old Forest Rd 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
    3617 Old Forest Rd Lynchburg, VA 24501
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