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    2612 Norma St Lynchburg, VA 24501

    For Sale
    $350,000

    Prime Lynchburg development opportunity. B-5 zoning, city utilities.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 2.14-acre commercial land parcel presents a unique investment opportunity in Lynchburg, Virginia. Strategically located in the Mid-Town commercial district, just off Memorial Avenue, this property offers unparalleled access and visibility. The site boasts convenient ingress and egress points from Alleghany Avenue, Norma Street, and Talbot Street, ensuring easy accessibility for businesses and customers. City water and sewer services are readily available, simplifying development plans. The property's B-5 zoning classification allows for a wide range of commercial uses, providing flexibility for diverse development projects. The sale encompasses multiple parcels, including 2605, 2609, 2610, 2612 Norma Street, and 408 Talbot Street, offering a substantial footprint for significant development. This prime location, coupled with its versatile zoning and readily available utilities, makes this property an ideal choice for entrepreneurs and investors seeking to establish a thriving business in a vibrant commercial area. The asking price for this exceptional opportunity is $350,000. Don't miss this chance to acquire a significant piece of Lynchburg's commercial landscape. The property is located in Lynchburg City, Virginia, zip code 24501.

    Property Features for 2612 Norma St

    General Information

    Property type
    Land
    Lot Size
    93,218 SF

    HighLights

    • 2.14‑acre commercial land parcel in Lynchburg, VA's Mid‑Town commercial district.
    • Excellent access and visibility, with convenient ingress/egress from Alleghany Ave, Norma St, and Talbot St.
    • City water and sewer available.
    • B‑5 zoning allows diverse commercial uses.
    • Includes multiple parcels (2605, 2609, 2610, 2612 Norma St & 408 Talbot St).
    • Asking price: $350,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm 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
    Lynchburg City
    State
    Virginia
    Longitude
    -79.169736
    Latitude
    37.399853

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    FAQs

    What type of property is this?
    Land - Prime Lynchburg development opportunity. B-5 zoning, city utilities.
    Where is this land located?
    The property is located at 2612 Norma St Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 2.14-acre commercial land parcel in Lynchburg, VA's Mid-Town commercial district.; Excellent access and visibility, with convenient ingress/egress from Alleghany Ave, Norma St, and Talbot St.; City water and sewer available.
    (434) 944-3920
    Request Owner's contact information
    2612 Norma St 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
    2612 Norma St Lynchburg, VA 24501
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