Listing Agency: Coldwell Banker Commercial Read & Company

Listed By: Rick L Read · License #0225002576 Show Phone

Source: Compass

Added: Feb 9, 2025 Changed: Oct 13 Last Checked: Oct 16 at 11:07AM

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Investment Insights

Based on property information with market context.

This 12.8 acre industrial parcel is situated in Lynchburg, Virginia, a short distance from U.S. Rt. 221 (Lakeside Dr.). The property is zoned I-1, light Industrial, and is convenient to amenities and major North/South & East/West highways. Various industries surround the parcel.

Key Highlights

• 12.8 acre ± prime industrial parcel
• Zoned I‑1, light industrial
• Convenient to major North/South & East/West highways

Property Analytics

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Current Use

Discount Tree Service ... Landscaping

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Restaurant Storage Facility Pharmacy Law Firm

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

294

Businesses Nearby

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Industrial land - 12.8 acre industrial parcel in Lynchburg, Virginia.

Where is this industrial land located?

The property is located at 200 Jefferson Ridge Parkway Lynchburg, VA.

What is the asking price?

The asking price for this property is $576,000.

What are key features of this property?

This property features: 12.8 acre ± prime industrial parcel; Zoned I‑1, light industrial; Convenient to major North/South & East/West highways