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    2137 Lakeside Dr Lynchburg, VA 24501

    Sponsored
    For Sale
    $550,000

    Prime medical office, 3,000 sq ft, VA.

    Property size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,000-square-foot medical office condominium is situated in the desirable Lakeside Office Park in Lynchburg, Virginia. Built in 1992, the property boasts a highly functional layout perfectly suited for medical practices. The space includes a welcoming lobby with a receptionist area and business office, five treatment rooms, three larger patient rooms, and a private office complete with a full bathroom. Additional features include a convenient kitchen, three bathrooms (one patient, one staff, and one in the private office), a laundry room with ample filing space, a utility room, a storage area, and basement storage. Two separate entrances—one for patients and one for staff—enhance efficiency and patient flow. The condominium association fee of $363 per month covers water/sewer, pest control, common area electricity, exterior maintenance and repairs, and landscaping. The property is zoned B-5 General Business. The asking price is $550,000, translating to $183.33 per square foot. The current owner is open to a potential short-term leaseback arrangement, presenting a unique opportunity for both owner-occupants and investors. This turnkey medical office presents a rare opportunity in a highly sought-after location.

    Property Features for 2137 Lakeside Dr

    General Information

    Property type
    Medical offices
    Square Feet
    3,000 SF

    Building Details

    Year Built
    1992

    HighLights

    • $550,000 asking price for a 3,000 square foot medical office condo.
    • Located at 2137 Lakeside Dr Unit 102, Lynchburg, VA 24501.
    • Features five treatment rooms, three larger patient rooms, and ample office space.
    • Built in 1992, with B‑5 General Business zoning.
    • $183.33 per square foot.
    • Condo fees are $363/month, including water/sewer, exterior maintenance, and lawn care.
    Property Profile Location Intelligence

    Current Use by Public Records

    Teresa Ramerth Psychiatrist Dr. Gregory Heller Family Practice Physician Dr. Mark Rolfs Family Practice Physician Raul Barroso Pediatrician Olubukola I. Ojuola Pediatrician

    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
    -79.2073341
    Latitude
    37.3990414

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    FAQs

    What type of property is this?
    Medical office - Prime medical office, 3,000 sq ft, VA.
    Where is this medical office located?
    The property is located at 2137 Lakeside Dr Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: $550,000 asking price for a 3,000 square foot medical office condo.; Located at 2137 Lakeside Dr Unit 102, Lynchburg, VA 24501.; Features five treatment rooms, three larger patient rooms, and ample office space.
    Request Owner's contact information
    2137 Lakeside 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
    2137 Lakeside Dr Lynchburg, VA 24501
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