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    2616 Langhorne Rd Lynchburg, VA 24501

    For Sale
    $425,000

    Prime Lynchburg medical/office building, 2,844 sq ft, 3 units.

    Property size:
    2,844 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 2,844-square-foot office building ideally situated in Lynchburg, Virginia. The property, located at 2616 Langhorne Road, boasts a prime corner location with excellent visibility and accessibility. The building, constructed in 1965 and renovated in 2019, features two stories, encompassing approximately 948 square feet on the main level and 1,896 square feet on the upper level. Each level offers convenient walk-out entrances, and parking is available on both levels. The building is currently divided into three separate office units, making it suitable for various uses. Adding to its appeal, the property includes a 0.4-acre lot, with a portion (approximately 0.225 acres) adjacent to the main building at 2612 Langhorne Road, offering potential for expansion or additional parking. The building is zoned B-1, Business, and enjoys a prominent location across from E.C. Glass High School, near Lynchburg General Hospital, and the city's medical hub, just minutes from downtown Lynchburg. The asking price is $425,000, translating to $149.44 per square foot. This property offers a compelling blend of location, functionality, and potential for future growth. The property's address is 2616 Langhorne Road, Lynchburg, VA 24501. The Assessor's Parcel Numbers (APN) are 00315004 and 00315003.

    Property Features for 2616 Langhorne Rd

    General Information

    Property type
    Medical offices
    Square Feet
    2,844 SF
    Lot Size
    17,424 SF

    Building Details

    Year Built/Renovated
    1965/2019
    Buildings
    1
    Stories
    2
    Units
    3

    HighLights

    • $425,000 asking price for a 2,844 square foot office building.
    • The property consists of three units and is situated on a 0.4‑acre corner lot in Lynchburg, VA.
    • The building features approximately 948 square feet on the main level and 1,896 square feet on the upper level, with walk‑out entrances and parking on both levels.
    • Built in 1965 and renovated in 2019, the two‑story building is zoned B‑1 (Business).
    • Includes an adjacent 0.225‑acre parcel, offering potential for additional parking or development.
    • Excellent visibility and access, located near Lynchburg General Hospital and E.C. Glass High School.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    R L Bailey ... Tax Preparation Service Blue Ridge Private ... Private Investigator Jordan River Support ... Corporate Office Seven Hills Foundation ... Concrete Product Supplier

    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
    -79.164667277099
    Latitude
    37.408473226915

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    FAQs

    What type of property is this?
    Medical office - Prime Lynchburg medical/office building, 2,844 sq ft, 3 units.
    Where is this medical office located?
    The property is located at 2616 Langhorne Rd Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: $425,000 asking price for a 2,844 square foot office building.; The property consists of three units and is situated on a 0.4-acre corner lot in Lynchburg, VA.; The building features approximately 948 square feet on the main level and 1,896 square feet on the upper level, with walk-out entrances and parking on both levels.
    Request Owner's contact information
    2616 Langhorne Rd 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
    2616 Langhorne Rd Lynchburg, VA 24501
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