Multi-Unit Office Building For Sale

2815 Linkhorne Dr, Lynchburg, VA 24503

View on Map

For Sale

$775,000

Multi-unit office building on corner lot near shopping and businesses.

Property size:

4,225 SF

Price / SF:

$183/SF

HighLights

Multi‑Unit Office Building offering flexibility for investors or owner‑occupiers, with potential for 3 individual units.
Located on a highly visible signalized corner lot with entrances on Old Forest Road and Linkhorne Drive.
Prime location across from Forest Hill Shopping Center and near medical and retail businesses.
New roof installed in 2012.
Recently replaced cupola (2023).
Investment property or business location.

We can help!

Listing Contact

Ricky Read

For Sale

$775,000

Multi-unit office building on corner lot near shopping and businesses.

Property size:

4,225 SF

Price / SF:

$183/SF

Added:: Oct 22, 2024
Days on Market:: 601
Last Refresh:: Apr 5 at 8:14 pm

Property Features for 2815 Linkhorne Dr

General Information

Standard status: Active
Size: 4,225 SF

We can help!

Listing Contact

Ricky Read

Listing agent Ricky Read License #0226023041

Listing office Coldwell Banker Commercial Read & Company

Listing date Oct 22, 2024

Source Exprealty

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

All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Read & Company

HighLights

Multi‑Unit Office Building offering flexibility for investors or owner‑occupiers, with potential for 3 individual units.
Located on a highly visible signalized corner lot with entrances on Old Forest Road and Linkhorne Drive.
Prime location across from Forest Hill Shopping Center and near medical and retail businesses.
New roof installed in 2012.
Recently replaced cupola (2023).
Investment property or business location.

Overview

This multi-unit office building is situated on a signalized corner lot, offering entrances on both Old Forest Road and Linkhorne Drive. The property presents the potential for three individual office units or for owner-occupancy with tenants. A new roof was installed in 2012, and the cupola was replaced in 2023. The building is located across from Forest Hill Shopping Center and is near various medical and retail businesses.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$88.7k	$21.00
− Vacancy	−$3.5k	−$0.84
EGI	$85.2k	$20.16
− OpEx	−$21.3k	−$5.04
NOI	$63.9k	$15.12

4,225 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$912.6K

$798.5K – $1.06M (±1% cap)

NOI $63,882 @ 7.0% cap · market cap 8.24%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.25M

$1.10M – $1.46M (±1% cap)

NOI $87,610 @ 7.0% cap · market cap 11.30%

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

Property Profile Location Intelligence

Current Use by Public Records

Advance Foot Center ... Physician Charlotte Timber Co ... Big Box & Wholesale Store Grace Care Llc Production Facility Blue Ridge Financial ... Financial Advisor

Suggested Use

Location Insight

Map
Local Demand

City: Lynchburg
County: Lynchburg
State: Virginia
Longitude: -79.203
Latitude: 37.4155

Nearby Similar for Sale

$1,599,000

6,000 SF

Machine Shop with Included Equipment

Fully operational machine shop with machines and business contents included, offering turn-key continuity for an automotive shop operator.

1431 Waterlick Road, Lynchburg, VA 24501

View Details
$399,900

5,134 SF

Lynchburg Commercial Building with Fenced Yard

5134 sq ft flex building with multiple mezzanine levels.

1819 Main Street, Lynchburg, VA 24504

View Details
$995,000

7,675 SF

Redeveloped Office Building on Fort

Three-story office building in high-traffic Lynchburg corridor.

5200 Fort Ave, Lynchburg, VA 24502

View Details
$1,250,000

6,215 SF

Lynchburg Commercial Property For Sale

High-visibility commercial property with flexible zoning and ample parking.

4001 Murray, Lynchburg, VA 24501

View Details
$1,100,000

9,341 SF

Historic Beaux Arts Mixed-Use Property

Unique mixed-use property in downtown Lynchburg, rich in history.

1025 Church Street, Lynchburg, VA 24504

View Details
$599,000

3,900 SF

Commercial Building on Timberlake Road

Commercial building with two rental spaces available for sale.

20936 Timberlake Road, Lynchburg, VA 24502

View Details
$1,450,000

9,737 SF

Historic Inn with Event Space

Boutique inn featuring rental suites and event space.

404 Cabell Street, Lynchburg, VA 24504

View Details
$899,000

6,792 SF

Lynchburg Multifamily Investment Opportunity

Income-producing 8-plex near restaurants, businesses, and local colleges.

1664 Graves Mill Road, Lynchburg, VA 24502

View Details
$899,000

6,792 SF

Lynchburg Multifamily Investment Opportunity

Income-producing 8-plex in high-traffic location with strong rental history.

1664 Graves Mill Road, Lynchburg, VA 24502

View Details
$149,900

919 SF

Office Flex Property with Parking

Well-maintained office-flex building offers versatile zoning and front-and-rear parking for a range of business uses.

196 Oakley Avenue, Lynchburg, VA 24501

View Details
$349,900

3,107 SF

Multi-Room Office/Retail Building

Versatile commercial building with reception area, 11 rooms, attached one-car garage, and front and rear parking—sold as-is.

2317 Lakeside Drive, Lynchburg, VA 24501

View Details
$179,900

2,310 SF

Versatile Lynchburg Office Space

Office space with hardwood floors and convenient parking.

3202 Memorial Avenue, Lynchburg, VA 24501

View Details

For sale
Office buildings
VA
Lynchburg
24503
2815 Linkhorne Dr

What type of property is this?

Office building - Multi-unit office building on corner lot near shopping and businesses.

Where is this office building located?

The property is located at 2815 Linkhorne Dr Lynchburg, VA.

What is the asking price?

The asking price for this property is $775,000.

What are key features of this property?

This property features: Multi‑Unit Office Building offering flexibility for investors or owner‑occupiers, with potential for 3 individual units.; Located on a highly visible signalized corner lot with entrances on Old Forest Road and Linkhorne Drive.; Prime location across from Forest Hill Shopping Center and near medical and retail businesses.

2815 Linkhorne Dr, Lynchburg, VA 24503

Multi-unit office building on corner lot near shopping and businesses.

Property Features for 2815 Linkhorne Dr

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Machine Shop with Included Equipment

Lynchburg Commercial Building with Fenced Yard

Redeveloped Office Building on Fort

Lynchburg Commercial Property For Sale

Historic Beaux Arts Mixed-Use Property

Commercial Building on Timberlake Road

Historic Inn with Event Space

Lynchburg Multifamily Investment Opportunity

Lynchburg Multifamily Investment Opportunity

Office Flex Property with Parking

Multi-Room Office/Retail Building

Versatile Lynchburg Office Space

FAQs

Create New Password