Listing Agency: Coldwell Banker Commercial Read & Company Show Phone

Listed By: Ricky Read · License #0226023041 Show Phone

Source: Exprealty

Added: May 8, 2025 Changed: Oct 31 Last Checked: Oct 30 at 4:03PM

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Investment Insights

Based on property information with market context.

This multi-tenant commercial building is located at the signalized intersection of Fort Avenue and McKinney Avenue in Lynchburg, Virginia. The property benefits from high visibility, ease of access, and ample parking. The building features attractive construction and offers room for expansion. Currently, the property is 100% occupied. The property has a strong rental history. Financials and rent roll are available upon request.

Key Highlights

• 100% Occupancy: Provides immediate and consistent rental income.
• Strong Rental History: Demonstrates a proven track record.
• High Visibility Location: Situated at a signalized intersection (Fort Ave. and McKinney Ave) offering excellent exposure.

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Highly Favored Ministries ... Charitable Organization BELTONE HEARING AID ... Hearing Aid Store

Suggested Use

Top Pick Dental Office Kitchen & Bath Showroom Skin Care Clinic Electrical Service Daycare Center Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

291

Businesses Nearby

Explore this area Business Placement

Demographics for 24502, VA

41,058

Population

18,576

Households

2.2

Avg Household Size

36

Median Age

39%

College-Educated

92%

High-School Grad

29.9 sq mi

ZIP Area

1,373

Density / Sq Mi

$66,027

Median Household Income

$35,923

Median Earnings

$1,166

Median Rent

$214,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Retail property - Commercial building with high visibility, access, and parking for sale.

Where is this retail property located?

The property is located at 4890 Fort Ave Lynchburg, VA.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: 100% Occupancy: Provides immediate and consistent rental income.; Strong Rental History: Demonstrates a proven track record.; High Visibility Location: Situated at a signalized intersection (Fort Ave. and McKinney Ave) offering excellent exposure.