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Two-Level Office Building
New
For Sale
$675,000

2015 Memorial Avenue, Lynchburg, VA 24501

B1 zoning and a layout suited to multiple tenants support flexible office occupancy.

Property Size5,500 SF
Days on Market4

Property Features for 2015 Memorial Avenue

General Information

Standard status Active
Size 5,500 SF
Property subtype Office
Zoning B1

Additional Details

Road Access Yes

Building Details

Building Size 5,500 SF
Year Built 1964
Buildings 1
Stories 2
Listing Agency: Coldwell Banker Commercial Read & Co.
Listed By: Ricky Read · License #0226023041
Source: Cbcworldwide
Added: Oct 11 Last Checked: Oct 14 at 7:36PM

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 Coldwell Banker Commercial Read & Co.

Investment Insights

Based on property information with market context.

This two-level office building can accommodate multiple tenants. Interior improvements include new flooring, fresh paint, LED lighting and acoustic ceilings. The parking lot has been resealed and striped. Constructed in 1964, the property carries B1 zoning.

The building is at the signalized intersection of Memorial Avenue and Langhorne Road in Lynchburg, Virginia. Access is also available from Miller Drive.

Key Highlights

  • Two levels with potential for multiple tenants
  • B1 zoning
  • Interior features new flooring, paint, LED lighting and acoustic ceilings

Property Analytics

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Current Use

TransDominion Express Freight Service

Suggested Use

Top Pick Real Estate Agency Building Supply Storage Facility Garden Center HVAC Service 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.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,277
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - B1 zoning and a layout suited to multiple tenants support flexible office occupancy.
Where is this office building located?
The property is located at 2015 Memorial Avenue Lynchburg, VA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two levels with potential for multiple tenants; B1 zoning; Interior features new flooring, paint, LED lighting and acoustic ceilings
More about this property
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