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    2612 Norma St, Unit Lynchburg Lynchburg, VA 24501

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    For Sale
    $350,000

    2.14 acres in Lynchburg's Mid-Town commercial district, ideal for development.

    Property size:
    2 SF

    Property Features for 2612 Norma St

    General Information

    Size
    2 SF

    Source: Luke Dykeman Agent Luke Dykeman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    2.14 Acres in Mid-Town Lynchburg

    This property comprises approximately 2.14 acres situated just off Memorial Avenue in Lynchburg, Virginia. Located within the Mid-Town commercial district, the parcels are suitable for business development. The B-5 zoning allows for a wide variety of uses. Lynchburg City water and sewer services are available. The property provides ingress and egress from Alleghany Avenue, Norma Street, and Talbot Street. The sale includes parcels at 2605, 2609, 2610, and 2612 Norma Street, as well as 408 Talbot Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -79.1700387
    Latitude
    37.4000676

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    FAQs

    What type of property is this?
    Land - 2.14 acres in Lynchburg's Mid-Town commercial district, ideal for development.
    Where is this land located?
    The property is located at 2612 Norma St, Unit Lynchburg Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Prime location in Lynchburg's Mid-Town commercial district, ideal for business development.; - Approximately 2.14 acres of land.; - B-5 zoning allows for a wide variety of uses.
    (434) 455-2285
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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
    2612 Norma St, Unit Lynchburg Lynchburg, VA 24501
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