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    120-475 Simons Run Lynchburg, VA 24501

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    For Sale
    $1,200,000

    Outparcel approved for restaurant use in Lynchburg, Virginia.

    Property size:
    7,535 SF
    Lot size:
    0.17 Acres

    Property Features for 120-475 Simons Run

    General Information

    Size
    7,535 SF
    Lot size
    0.17 Acres

    Source: Taylor Long Properties Agent Ellen Long

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

    Overview

    Pad Ready Outparcel For Sale

    This outparcel is pad ready and approved for restaurant use. Site plan is approved, allowing for immediate construction. The site offers excellent visibility and frontage on Simons Run, positioned directly across from Wards Crossings West and Carmax. It is located in the heart of Lynchburg’s shopping area, situated on a major commercial corridor. The property is directly across from Liberty University, which has over 100,000 students, and adjacent to Tru by Hilton. It is also in close proximity to a proposed 48-acre Centra Health Medical facility. The property size is 7,535 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg
    State
    Virginia
    Longitude
    -79.190953
    Latitude
    37.3424257

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    FAQs

    What type of property is this?
    Commercial land - Outparcel approved for restaurant use in Lynchburg, Virginia.
    Where is this commercial land located?
    The property is located at 120-475 Simons Run Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Pad-ready and approved for restaurant use, enabling immediate construction.; - Excellent visibility and frontage on Simons Run in a high-traffic commercial area.; - Located directly across from Liberty University (over 100,000 students).
    (804) 539-7793
    Request Owner's contact information
    120-475 Simons Run 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
    120-475 Simons Run Lynchburg, VA 24501
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