Listing Agency: Gentry Commercial Real Estate Inc

Listed By: Christopher Gentry, SIOR · License #VA 0225033997

Source: Crexi

Added: Aug 14, 2024 Changed: Aug 14 Last Checked: Aug 29 at 10:46PM

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Investment Insights

Based on property information with market context.

This property features approximately 7.75 acres of land situated on Forest Road (U.S. 221) in Bedford County. It has 50 feet of access to Forest Road. The existing zoning permits various uses, with the potential for rezoning to accommodate alternative purposes. An adjacent 5.11-acre parcel is also available for sale, offering an opportunity for assemblage.

Key Highlights

• Large +/- 7.75 acre lot size.
• Located on Forest Road (U.S. 221) in desirable Bedford County.
• Wide variety of uses permitted under current zoning.

Property Analytics

Property Profile

Current Use

Land

Suggested Use

Top Pick Law Firm Grocery & Convenience Store HVAC Service (Bike/Boat/Book/etc) Store Daycare Center Kitchen & Bath Showroom

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

315

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

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Frequently Asked Questions

What type of property is this?

Land - 7.75 acres of land in Bedford County.

Where is this land located?

The property is located at 18968 Forest Rd Lynchburg, VA.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: Large +/- 7.75 acre lot size.; Located on Forest Road (U.S. 221) in desirable Bedford County.; Wide variety of uses permitted under current zoning.