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    2501 Greene St Lynchburg, VA 24501

    Sponsored
    For Sale
    $480,000

    60,400 SF Warehouse on 3 Acres

    Property size:
    60,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Lynchburg, VA property offers 60,400 square feet of commercial/industrial space situated on approximately three acres of land. Conveniently located just off Greene Street in midtown Lynchburg, it enjoys close proximity to major thoroughfares US-29 and US-501, providing excellent accessibility. The property's strategic location is further enhanced by its adjacency to Norfolk-Southern Railroad tracks, presenting significant logistical advantages. The substantial square footage presents a compelling opportunity for various industrial or commercial uses, including potential redevelopment. The listing includes the existing 60,400 square foot building, offering immediate occupancy or redevelopment potential. Furthermore, the seller notes that additional acreage of industrial land is available nearby, presenting expansion possibilities for the right buyer. This is a rare opportunity to acquire a significant industrial property in a prime Lynchburg location. The asking price is $480,000. The property's zoning and potential uses should be verified independently.

    Property Features for 2501 Greene St

    General Information

    Property type
    Distribution properties
    Square Feet
    60,400 SF
    Lot Size
    130,680 SF

    HighLights

    • $480,000 asking price.
    • 60,400 square foot industrial warehouse on 3 acres.
    • Located in Lynchburg, VA, at 2501 Greene St, 24501.
    • Close proximity to US‑29 and US‑501.
    • Adjacent to Norfolk‑Southern Railroad tracks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Restaurant Law Firm Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg City
    State
    Virginia
    Longitude
    -79.1536627
    Latitude
    37.3902767

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    FAQs

    What type of property is this?
    Distribution property - 60,400 SF Warehouse on 3 Acres
    Where is this distribution property located?
    The property is located at 2501 Greene St Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $480,000.
    What are key features of this property?
    This property features: $480,000 asking price.; 60,400 square foot industrial warehouse on 3 acres.; Located in Lynchburg, VA, at 2501 Greene St, 24501.
    Request Owner's contact information
    2501 Greene St Lynchburg, VA 24501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2501 Greene St Lynchburg, VA 24501
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