Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1703 Enterprise Dr Lynchburg, VA 24502

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,800,000

    High-quality mixed-use building with supplemental development potential in desirable location.

    Property size:
    6,278 SF
    Lot size:
    0.14 Acres

    Property Features for 1703 Enterprise Dr

    General Information

    Size
    6,278 SF
    Lot size
    0.14 Acres

    Source: Cushman & Wakefield | Thalhimer - Roanoke Agent Davis Stoneburner

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

    Overview

    Mixed-Use Building with Development Potential

    The property at 1703 Enterprise Drive features a 6,278 square foot mixed-use building constructed in 2017, showcasing attractive stone and masonry architecture. The first floor includes two office suites finished with high-quality materials and custom design. The second floor consists of three apartments, including two 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. All three apartments are fully leased. One of the two office suites is occupied by James River Advisors, a financial planning and wealth management firm. The remaining suite offers a move-in-ready space. The offering also includes 1707 and 1709 Enterprise Drive, two pad-ready lots totaling 0.278 acres positioned at the intersection of Enterprise Drive and Wyndhurst Drive. These sites offer visibility and are zoned for residential or commercial use, with most entitlements already secured. The properties present an opportunity to own a mixed-use building with supplemental development potential, offering an opportunity to invest, expand, or establish a presence within one of Central Virginia’s desirable environments.
    Insight Report Location Intelligence

    Current Use by Public Records

    Coulson Builders Inc Construction Company James River Advisors ... Financial Planner Spaces Property Management Property Management Company

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg
    State
    Virginia
    Longitude
    -79.2410419
    Latitude
    37.3600637

    Nearby Similar for Sale

    • $3,200,000
      0.69 Acres

      Historical Tobacco Warehouse Opportunity

      Spacious warehouse with development potential in Downtown Lynchburg.
      107 13Th St, Lynchburg, VA 24504
      View Details
    • New
      $649,900
      0.62 Acres

      Lynchburg Mixed-Use Commercial Property

      High-visibility commercial property with office and residential income potential.
      155 Laxton Rd, Lynchburg, VA 24502
      View Details
    • $359,900
      0.25 Acres

      Renovated Office with Apartment

      Charming renovated office with a basement apartment for rent.
      1049 Claymont Dr, Lynchburg, VA 24503
      View Details
    • $269,900
      0.14 Acres

      Versatile Income-Friendly Fort Hill Property

      Fort Hill multi-family property with rental income potential.
      223 Warren Ave, Lynchburg, VA 24501
      View Details
    • $189,900
      0.12 Acres

      Lynchburg Duplex Investment Opportunity

      Well-maintained duplex in Lynchburg with renovated unit and new roof.
      2228 Tulip St, Lynchburg, VA 24504
      View Details
    • $369,000
      0.09 Acres

      Rivermont Historic District Commercial Storefront

      Commercial storefront in Lynchburg's Rivermont historic district with ample office space.
      1214 Rivermont Ave, Lynchburg, VA 24504
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - High-quality mixed-use building with supplemental development potential in desirable location.
    Where is this mixed-use property located?
    The property is located at 1703 Enterprise Dr Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - High-quality, 6,278 SF mixed-use building constructed in 2017 with attractive stone and masonry architecture.; - Fully leased apartments and an occupied office suite provide immediate income.; - Turnkey, move-in-ready office suite available for immediate occupancy.
    (540) 767-3000
    Request Owner's contact information
    1703 Enterprise Dr Lynchburg, VA 24502
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1703 Enterprise Dr
    Lynchburg, VA 24502
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1703 Enterprise Dr Lynchburg, VA 24502
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.