Warehouse with Loading
334-336 Alleghany Ave., Lynchburg, VA 24501
For Sale
New
$359,900
Commercial/Indust, Lynchburg, VA
Property Size4,104 SF
Lot Size0.79 Acres
Price / SF$87.69
Days on Market5
Property Features for 334-336 Alleghany Ave.
General Information
Property type
Property subtype
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Legal Description
Building Details
Year built
Buildings
Listing Agency:
Keller Williams · Keller Williams Realty
(434) 534-9113
Listed By:
Elizabeth S Howell-Jennings
(434) 401-6785
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 14 at 3:06AM
MLS# 370249
Copyright © 2026 Lynchburg Virginia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The warehouse contains 4,104 square feet on a 0.79-acre parcel and was built in 1954. Its layout includes 3 main-level loading doors, an elevated dock, and 1 bathroom. City water and sewer serve the property, and the roof was replaced in 2024. The building is being sold as-is and needs work.
At 334-336 Alleghany Ave. in Lynchburg, the property sits just off Lakeside Drive. Industrial/warehouse zoning is in place.
At 334-336 Alleghany Ave. in Lynchburg, the property sits just off Lakeside Drive. Industrial/warehouse zoning is in place.
Key Highlights
- 4,104‑square‑foot warehouse on 0.79 acres
- 3 main‑level loading doors and 1 elevated dock
- Industrial/warehouse zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,169
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,380
$503.4K
Cap Rate 7%
$359,557
$359.6K
Cap Rate 9%
$279,656
$279.7K
Market Conditions
NOI Build-Up for 4,104 SF
Gross rent
$32.0K $7.80/SF
− Vacancy
−$2.4K −$0.59/SF
EGI
$29.6K $7.22/SF
− OpEx
−$4.4K −$1.08/SF
NOI
$25.2K $6.13/SF
Area
Lynchburg County, VA
Vacancy
7.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,380
Cap Rate 7%
$359,557
Cap Rate 9%
$279,656
Alternative Uses
Best Use
Warehouse
$359.6K
$314.6K – $419.5K
NOI $25,169 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,101 @ 7.0% cap · market cap 23.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Dock-high doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
Under-served
Demand for This Use
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
$155,800
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Lynchburg, VA
Properties on Market for Warehouses in Lynchburg
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Alleghany U Store It — 501 Alleghany Ave, Lynchburg, VA 24501
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial/warehouse zoning, city water and sewer, and an on-site bathroom support the building’s storage configuration.
Where is this warehouse located?
The property is located at 334-336 Alleghany Ave. Lynchburg, VA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: 4,104‑square‑foot warehouse on 0.79 acres; 3 main‑level loading doors and 1 elevated dock; Industrial/warehouse zoning
