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Multi-Unit Office Building For Sale

2815 Linkhorne Dr, Lynchburg, VA 24503

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For Sale

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Multi-unit office building on a signalized corner lot.

Type:Office

Property size:

4,225 SF

Price / SF:

$183/SF

HighLights

Multi‑unit office building with potential for 3 individual units or owner‑occupied with tenants.
Located on a signalized corner lot with entrances on two streets (Old Forest Road and Linkhorne Drive).
Prime location across from Forest Hill Shopping Center and near medical and retail businesses.
New roof installed in 2012.
Cupola recently replaced in 2023.
Built in 1987.

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Listing Contact

Ricky Read

For Sale

Contact for pricing

Multi-unit office building on a signalized corner lot.

Type:Office

Property size:

4,225 SF

Price / SF:

$183/SF

Added:: Oct 22, 2024
Days on Market:: 608
Last Refresh:: May 12 at 8:11 pm

Property Features for 2815 Linkhorne Dr

General Information

Standard status: Active
Size: 4,225 SF
Property subtype: Office

Building Details

Year Built: 1987

We can help!

Listing Contact

Ricky Read

Listing agent Ricky Read License #VA

Listing office Coldwell Banker Commercial Read & Co.

Listing date Oct 22, 2024

Source Crexi

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.

HighLights

Multi‑unit office building with potential for 3 individual units or owner‑occupied with tenants.
Located on a signalized corner lot with entrances on two streets (Old Forest Road and Linkhorne Drive).
Prime location across from Forest Hill Shopping Center and near medical and retail businesses.
New roof installed in 2012.
Cupola recently replaced in 2023.
Built in 1987.

Overview

This multi-unit office building is situated on a signalized corner lot, offering entrances on both Old Forest Road and Linkhorne Drive. The property, totaling 4225 square feet, presents the potential for three individual office units or owner-occupancy with tenants. A new roof was installed in 2012, and the cupola was replaced in 2023. The building is located across from Forest Hill Shopping Center and is near various medical and retail businesses.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$88.7k	$21.00
− Vacancy	−$3.5k	−$0.84
EGI	$85.2k	$20.16
− OpEx	−$21.3k	−$5.04
NOI	$63.9k	$15.12

4,225 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$912.6K

$798.5K – $1.06M (±1% cap)

NOI $63,882 @ 7.0% cap · market cap 8.24%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.25M

$1.10M – $1.46M (±1% cap)

NOI $87,610 @ 7.0% cap · market cap 11.30%

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

Property Profile Location Intelligence

Current Use by Public Records

Advance Foot Center ... Physician Charlotte Timber Co ... Big Box & Wholesale Store Grace Care Llc Production Facility Blue Ridge Financial ... Financial Advisor

Suggested Use

Location Insight

Map
Local Demand

City: Lynchburg
County: Lynchburg
State: Virginia
Longitude: -79.2030161
Latitude: 37.4155178

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For sale
Office buildings
VA
Lynchburg
24503
2815 Linkhorne Dr

What type of property is this?

Office building - Multi-unit office building on a signalized corner lot.

Where is this office building located?

The property is located at 2815 Linkhorne Dr Lynchburg, VA.

What is the asking price?

The asking price for this property is $775,000.

What are key features of this property?

This property features: Multi‑unit office building with potential for 3 individual units or owner‑occupied with tenants.; Located on a signalized corner lot with entrances on two streets (Old Forest Road and Linkhorne Drive).; Prime location across from Forest Hill Shopping Center and near medical and retail businesses.

2815 Linkhorne Dr, Lynchburg, VA 24503

Multi-unit office building on a signalized corner lot.

Property Features for 2815 Linkhorne Dr

General Information

Building Details

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

One-Story Warehouse with Paved Driveway

Office Flex Property with Parking

Multi-Room Office/Retail Building

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