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    3211 Old Forest Rd Lynchburg, VA 24501

    For Sale
    $750,000

    Versatile 4,670 SF Office, High Traffic

    Property size:
    4,670 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This single-story, 4,670 square foot office building, situated on a 0.932-acre lot at 3211 Old Forest Road in Lynchburg, Virginia, presents a compelling investment opportunity. Built in 1970, the property is zoned B-3 General Business, allowing for a variety of commercial uses. Previously used as a residential real estate office, its adaptable layout offers considerable flexibility for prospective buyers. The location benefits from high visibility and traffic on Old Forest Road, with nearby established businesses including Walmart, McDonald's, Taco Bell, and Verizon, ensuring consistent customer flow. The strong demographics of the area, with an estimated 2024 population exceeding 92,000 within a 5-mile radius and a median household income of $58,561, further enhance the property's investment potential. The asking price for this prime commercial property is $750,000. This is a rare opportunity to acquire a well-located, versatile commercial building in a thriving Lynchburg community. The property consists of one building with one unit.

    Property Features for 3211 Old Forest Rd

    General Information

    Property type
    Retail properties
    Square Feet
    4,670 SF
    Lot Size
    40,598 SF

    Building Details

    Year Built
    1970
    Buildings
    1
    Stories
    1
    Units
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    John Stewart Walker ... Real Estate Agency Karen W. Hall-John ... Real Estate Agent Doris Brammer, Realtor ... Real Estate Agent Judy Frantz, John ... Real Estate Agency Teresa Hudson Real Estate Agency

    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
    -79.211352714511
    Latitude
    37.413267689879

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    FAQs

    What type of property is this?
    Retail property - Versatile 4,670 SF Office, High Traffic
    Where is this retail property located?
    The property is located at 3211 Old Forest Rd Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $750,000.
    Request Owner's contact information
    3211 Old Forest Rd 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
    3211 Old Forest Rd Lynchburg, VA 24501
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