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    18968 Forest Rd Lynchburg, VA 24502

    For Sale
    $850,000

    Lynchburg, VA: Prime Commercial/Residential Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 7.75-acre parcel presents a unique investment opportunity in Bedford County, Virginia. Strategically located on Forest Road (US 221), this property boasts 50 feet of road frontage, providing excellent accessibility. Currently zoned C2- General Commercial, the land offers a wide range of permitted uses, allowing for considerable flexibility in development plans. The potential for rezoning further expands the possibilities for future projects. The property's location in a desirable area of Lynchburg, near the intersection of Forest Road and US 221, makes it highly attractive for various commercial and residential ventures. Note that the address provided is for mapping purposes only

    Property Features for 18968 Forest Rd

    General Information

    Property type
    Land
    Lot Size
    337,590 SF

    HighLights

    • 7.75‑acre commercial parcel in Bedford County, VA.
    • 50 feet of road frontage on US 221 (Forest Road).
    • C2 General Commercial zoning allows diverse development options.
    • Potential for rezoning.
    • Desirable Lynchburg location near US 221 and Forest Road intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Bedford
    State
    Virginia
    Longitude
    -79.239008417263
    Latitude
    37.388852793759

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    FAQs

    What type of property is this?
    Land - Lynchburg, VA: Prime Commercial/Residential Land
    Where is this land located?
    The property is located at 18968 Forest Rd Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 7.75-acre commercial parcel in Bedford County, VA.; 50 feet of road frontage on US 221 (Forest Road).; C2 General Commercial zoning allows diverse development options.
    Request Owner's contact information
    18968 Forest Rd Lynchburg, VA 24502
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    Lynchburg, VA 24502
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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
    18968 Forest Rd Lynchburg, VA 24502
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