Restaurant and Grocery
For Sale
Contact for pricing
Pending
525 Alleghany Ave, Lynchburg, VA 24501
Includes an electric grill kitchen and supports dine-in and carry-out alongside an oriental grocery.
Property SizeContact for details
Days on Market149
Property Features for 525 Alleghany Ave
General Information
Standard status
Pending
Property subtype
Special Purpose, Business for Sale
Zoning
B-5
Additional Details
Business Included
Yes
Liquor License
Yes
Listing Agency:
CENTURY 21 ALL-SERVICE
Listed By:
Ji Hee Goode · License #VA
Source:
Crexi
Added: Apr 11
Changed: Aug 26
Last Checked: Sep 5 at 1:27AM
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 CENTURY 21 ALL-SERVICE
Investment Insights
Based on property information with market context.
This property operates as a combined Korean grocery and restaurant with a full equipped kitchen. Cooking for orders is supported by an electric grill and three sinks, with service available for both carry-out and dine-in. The building also includes a terrace level that offers storage space, windows, and a garage door, and it has been described as having potential for a finished office use.
Situated at 525 Alleghany Ave in Lynchburg, the business is presented as having convenient road access to surrounding areas. Public remarks note proximity to major schools of Liberty and other universities and colleges.
The property is identified with zoning B-5 for general business and commercial retail, and the restaurant has an ABC license. The sale is offered “AS IS.”
Situated at 525 Alleghany Ave in Lynchburg, the business is presented as having convenient road access to surrounding areas. Public remarks note proximity to major schools of Liberty and other universities and colleges.
The property is identified with zoning B-5 for general business and commercial retail, and the restaurant has an ABC license. The sale is offered “AS IS.”
Key Highlights
- Market with Korean grocery and restaurant offering dine‑in and carry‑out alongside grocery shopping
- Full equipped electric grill kitchen with 3 sinks for cooking service
- Building includes potential finished use for an office and plenty of storage space
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
926
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 24501, VA
27,160
Population
12,157
Households
2.2
Avg Household Size
33
Median Age
25%
College-Educated
87%
High-School Grad
36.3 sq mi
ZIP Area
748
Density / Sq Mi
$45,305
Median Household Income
$28,790
Median Earnings
$936
Median Rent
$155,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes an electric grill kitchen and supports dine-in and carry-out alongside an oriental grocery.
Where is this conventional restaurant located?
The property is located at 525 Alleghany Ave Lynchburg, VA.
What are key features of this property?
This property features: Market with Korean grocery and restaurant offering dine‑in and carry‑out alongside grocery shopping; Full equipped electric grill kitchen with 3 sinks for cooking service; Building includes potential finished use for an office and plenty of storage space
