10925 Richmond Hwy, Lynchburg, VA 24504
COMMERCIAL - Lynchburg, VA
- Added:
- Mar 24, 2024
- Days on Market:
- 836
- Last Refresh:
- Jul 7 at 10:06 pm
Property Features for 10925 Richmond Hwy
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- Com
- Standard status
- Active
- Size
- 3,200 SF
- Lot size
- 7.79 Acres
Taxes and HOA fees
- Tax Description
- Location! Location! Location! This property can house numerous types of businesses all at once. It is located on a highway with over a 15,000 daily traffic count daily. It also has a house with 3 bedrooms/1 bath on a basement that can be lived in or rented out. The property's 7.79 acres could even allow for a storage unit business to be located in the back. There is a state road located behind it.
Building Details
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Other
Listing agent Jeff McMurry (434) 547-9440
Listing office Scruggs Real Estate LLC 2375 Wards Folk Mill Rd., Cullen, VA (434) 315-1630
Listing date Mar 24, 2024
Copyright © 2026 South Central Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Main building offers over 3,190 sq. ft. of retail space
- Most recently used as a church; previously used as a shop for making cement landscaping items
- Conveys with inventory of items for online sales valued at over $100,000
- Room on the property to build a storage facility for additional income
- Frame construction with a composition roof
Overview
The property is located at 10925 Richmond Hwy in Lynchburg, Virginia (24504). It is listed for sale as a commercial asset under a Com zoning designation, and it sits on 7.79 acres of land.
This configuration may appeal to buyers seeking a ready-to-operate religious or retail use with substantial enclosed space already in place. The inclusion of the online sales inventory can support an operator who wants to carry current merchandise into continued sales. For parties looking to diversify use on the same parcel, the seller notes there is room to build a storage facility, which could add a second stream of operations if developed.
Local Financial Insights For Retail
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 | $57.6k | $18.00 |
| − Vacancy | −$2.1k | −$0.67 |
| EGI | $55.5k | $17.33 |
| − OpEx | −$16.6k | −$5.20 |
| NOI | $38.8k | $12.13 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lynchburg
- County
- Lynchburg
- State
- Virginia
- Longitude
- -79.005772
- Latitude
- 37.36051
