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Mixed-Use Building with Development Potential

1703 Enterprise Dr, Lynchburg, VA

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For Sale

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

Type:OFFICE

Property size:

6,278 SF

Lot size:

0.14 Acres

Price / SF:

$286/SF

HighLights

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.
Two pad‑ready lots (0.278 acres) with excellent visibility and flexible zoning for residential or commercial use.
Located in a desirable live‑work‑play environment in Central Virginia.
First floor office suites are finished with best‑in‑class materials and custom design.

We can help!

Listing Contact

Davis Stoneburner

For Sale

Contact for pricing

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

Type:OFFICE

Property size:

6,278 SF

Lot size:

0.14 Acres

Price / SF:

$286/SF

Added:: Nov 17, 2025
Days on Market:: 207
Last Refresh:: May 20 at 8:45 pm

Property Features for 1703 Enterprise Dr

General Information

Standard status: Active
Size: 6,278 SF
Lot size: 0.14 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Davis Stoneburner

Listing agent Clay Taylor License #VA 0225202311

Listing office Cushman & Wakefield | Thalhimer - Roanoke

Listing date Nov 17, 2025

Source Moodyscre

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 Cushman & Wakefield | Thalhimer - Roanoke

HighLights

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.
Two pad‑ready lots (0.278 acres) with excellent visibility and flexible zoning for residential or commercial use.
Located in a desirable live‑work‑play environment in Central Virginia.
First floor office suites are finished with best‑in‑class materials and custom design.

Overview

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$131.8k	$21.00
− Vacancy	−$5.3k	−$0.84
EGI	$126.6k	$20.16
− OpEx	−$31.6k	−$5.04
NOI	$94.9k	$15.12

6,278 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.36M

$1.19M – $1.58M (±1% cap)

NOI $94,923 @ 7.0% cap · market cap 5.27%

Second Best

Apartment 5plus

$712.0K

$623.0K – $830.7K (±1% cap)

NOI $49,840 @ 7.0% cap · market cap 2.77%

Theoretical Best

Office A

$1.86M

$1.63M – $2.17M (±1% cap)

NOI $130,181 @ 7.0% cap · market cap 7.23%

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

Property Profile Location Intelligence

Current Use by Public Records

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

Suggested Use

Location Insight

Map
Local Demand

City: Lynchburg
County: Lynchburg
State: Virginia
Longitude: -79.241
Latitude: 37.3601

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For sale
Mixed-use properties
VA
Lynchburg
1703 Enterprise Dr

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.

1703 Enterprise Dr, Lynchburg, VA

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

Property Features for 1703 Enterprise 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

Multi-Room Office/Retail Building

Versatile Lynchburg Office Space

Commercial Property in High-Traffic Area

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