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    1210 Craigmont Dr Lynchburg, VA 24501

    For Sale
    $69,000

    1.47-acre residential lot, Lynchburg, VA. Public utilities.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.47-acre parcel of land presents a remarkable opportunity for residential development in Lynchburg, Virginia. Located at 1210 Craigmont Drive, this property boasts convenient access to essential amenities and major thoroughfares. The lot features frontage on Craigmont Drive, providing excellent visibility and accessibility. Public water and sewer services are readily available, simplifying the development process and reducing upfront costs. Its strategic location places it in close proximity to Old Forest Road/Route 501, ensuring easy commuting and connectivity to the wider Lynchburg area. Furthermore, the property's proximity to Liberty University, just six miles away, adds significant appeal for potential residential projects targeting students or university-affiliated individuals. The asking price for this prime residential land is $69,000. This represents a compelling investment opportunity given the land's size, location, and access to utilities. The zoning and potential building restrictions should be verified independently by prospective buyers. This property is zoned for residential use. The lot size is approximately 1.47 acres. Serious inquiries are encouraged.

    Property Features for 1210 Craigmont Dr

    General Information

    Property type
    Land
    Lot Size
    64,033 SF

    HighLights

    • 1.47‑acre residential lot in Lynchburg, VA, priced at $69,000.
    • Located at 1210 Craigmont Drive with excellent visibility and accessibility.
    • Public water and sewer available.
    • Convenient access to Old Forest Road/Route 501 and six miles from Liberty University.
    • Zoned for residential use (buyer to verify zoning and restrictions).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg City
    State
    Virginia
    Longitude
    -79.2194512
    Latitude
    37.413474

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    FAQs

    What type of property is this?
    Land - 1.47-acre residential lot, Lynchburg, VA. Public utilities.
    Where is this land located?
    The property is located at 1210 Craigmont Dr Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $69,000.
    What are key features of this property?
    This property features: 1.47-acre residential lot in Lynchburg, VA, priced at $69,000.; Located at 1210 Craigmont Drive with excellent visibility and accessibility.; Public water and sewer available.
    (434) 944-3920
    Request Owner's contact information
    1210 Craigmont Dr 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
    1210 Craigmont Dr Lynchburg, VA 24501
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