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Former Gas Station with Vacant Land
For Sale
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2501 & 2517 Lakeside Dr, Lynchburg, VA 24501

Former gas/convenience store on a hard corner, with vacant land directly behind for added redevelopment flexibility.

Property SizeContact for details
Days on Market123

Property Features for 2501 & 2517 Lakeside Dr

General Information

Standard status Active
Property subtype Retail
Listing Agency: Colliers - Norfolk, Virginia
Listed By: Kevin O'Keefe · License #0225054935
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 3:32AM

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 Colliers - Norfolk, Virginia

Investment Insights

Based on property information with market context.

This offering includes a former gas/convenience store positioned on a hard corner, along with vacant land directly behind the property. The combination provides a single site configuration for future redevelopment planning around the front structure and the adjacent back land.

The property sits at the intersection of Lakeside Drive and Lynchburg Expressway. It is being marketed for sale with the storefront and the rear vacant parcel forming one consolidated opportunity.

All details are based on the information provided, and interested parties should confirm suitability for intended uses during due diligence.

Key Highlights

  • Former gas/convenience store on a hard corner at Lakeside Drive and Lynchburg Expressway
  • Vacant land directly behind the property for added redevelopment flexibility

Property Analytics

Current Use

Gas stations

Suggested Use

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

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

259
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

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Gas station - Former gas/convenience store on a hard corner, with vacant land directly behind for added redevelopment flexibility.
Where is this gas station located?
The property is located at 2501 & 2517 Lakeside Dr Lynchburg, VA.
What are key features of this property?
This property features: Former gas/convenience store on a hard corner at Lakeside Drive and Lynchburg Expressway; Vacant land directly behind the property for added redevelopment flexibility
(757) 490-3300 Call to check price and availability
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