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    2608 Lakeside Dr Lynchburg, VA 24501

    For Sale
    $2,975,000

    13.65 Acres, Prime Retail Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 13.65-acre commercial land parcel presents a remarkable investment opportunity in Lynchburg, Virginia. Located at 2608-2614 Lakeside Drive, this property boasts a highly desirable location at a major intersection, specifically adjacent to the intersection of US 221 and US 501. This ensures exceptional visibility and high traffic counts, making it ideal for a variety of commercial developments. The permitted zoning is commercial, allowing for a wide range of uses, including big-box retail or other similar ventures. The site is serviced by readily available water and sewer utilities, simplifying development plans. Furthermore, there's potential for expansion, with the possibility of assembling adjoining parcels to increase the overall acreage. The asking price for this strategically positioned land is $2,975,000. This prime location in Lynchburg, VA (zip code 24501) offers unparalleled potential for significant return on investment. The property's size and location make it an attractive prospect for businesses seeking high visibility and accessibility. Don't miss this chance to acquire a substantial commercial land parcel in a thriving market.

    Property Features for 2608 Lakeside Dr

    General Information

    Property type
    Land
    Lot Size
    594,594 SF

    HighLights

    • 13.65‑acre commercial land parcel in Lynchburg, VA.
    • Located at a major intersection (US 221 & US 501) with high visibility and traffic counts.
    • Commercially zoned, suitable for big‑box retail or similar uses.
    • Utilities readily available (water & sewer).
    • Potential for expansion via adjoining parcel acquisition.
    • Asking price: $2,975,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    craveABLEs Ice Cream Shop Royal Skillz Video Arcade

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg City
    State
    Virginia
    Longitude
    -79.2263029
    Latitude
    37.3968037

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    FAQs

    What type of property is this?
    Land - 13.65 Acres, Prime Retail Location
    Where is this land located?
    The property is located at 2608 Lakeside Dr Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $2,975,000.
    What are key features of this property?
    This property features: 13.65-acre commercial land parcel in Lynchburg, VA.; Located at a major intersection (US 221 & US 501) with high visibility and traffic counts.; Commercially zoned, suitable for big-box retail or similar uses.
    Request Owner's contact information
    2608 Lakeside Dr Lynchburg, VA 24501
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    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
    2608 Lakeside Dr Lynchburg, VA 24501
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