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    1001 Ardmore Dr Lynchburg, VA 24501

    For Sale
    $395,000

    High-traffic location, two lots, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 0.65-acre commercial land parcel in Lynchburg, Virginia (zip code 24501), presents a unique investment opportunity. Located at the signalized intersection of Ardmore Drive and Old Forest Road, the property boasts exceptional visibility and accessibility. The site comprises two lots, one of which currently features a brick ranch dwelling. This prime location offers immediate proximity to a thriving commercial hub, including a Walmart Supercenter directly across Old Forest Road, a Bojangles restaurant across Ardmore Drive, and a Biscuitville directly across the street. Other nearby businesses include a Kia dealership, Shell gas station, Wells Fargo, Applebee's, Areva, and Goodwill, ensuring high foot and vehicle traffic. The property's strategic positioning at a highly developed intersection makes it ideal for a variety of commercial ventures. The asking price is $395,000. This is an excellent chance to acquire a well-situated commercial property with significant development potential in a rapidly growing area. The property's address is 1001 Ardmore Drive, Lynchburg, VA 24501.

    Property Features for 1001 Ardmore Dr

    General Information

    Property type
    Land

    HighLights

    • 0.65‑acre commercial land parcel in Lynchburg, VA (24501), priced at $395,000.
    • High‑visibility location at the signalized intersection of Ardmore Drive and Old Forest Road.
    • Two lots included; one with an existing brick ranch dwelling.
    • Excellent proximity to major retailers including Walmart, Bojangles, and Biscuitville.
    • Surrounded by high traffic from nearby businesses such as a Kia dealership, Shell station, and several restaurants.
    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 Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg City
    State
    Virginia
    Longitude
    -79.212907
    Latitude
    37.410841

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    FAQs

    What type of property is this?
    Land - High-traffic location, two lots, development potential.
    Where is this land located?
    The property is located at 1001 Ardmore Dr Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: 0.65-acre commercial land parcel in Lynchburg, VA (24501), priced at $395,000.; High-visibility location at the signalized intersection of Ardmore Drive and Old Forest Road.; Two lots included; one with an existing brick ranch dwelling.
    (434) 455-2285
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    1001 Ardmore Dr 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
    1001 Ardmore Dr Lynchburg, VA 24501
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