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    4028 Wards Rd Lynchburg, VA 24502

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    For Lease
    Contact for pricing

    Lynchburg Retail Investment Opportunity

    Lot size:
    81,064 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Wards Crossing is a thriving 81,064 square foot power center in Lynchburg, Virginia, built in 2001. This multi-tenant property boasts a strong anchor lineup including Target, Michaels, and Aldi, complemented by a diverse mix of national and local tenants such as Barnes & Noble, Hallmark, The UPS Store, Blaze Pizza, and Five Guys. The center is strategically located off Wards Road/Bus 29 and Route 460, a high-traffic area with an average daily count exceeding 41,000 vehicles. Its proximity to Liberty University, with its substantial student population of over 100,000, ensures a consistent customer base. The property features ample parking with a ratio of 6.97 spaces per 1,000 square feet of gross leasable area (GLA). Currently, there is 4,729 square feet of vacant space available within the 19.12-acre lot. This presents a unique opportunity to acquire a well-established retail center with significant potential for growth and return on investment. The property's strong tenant base, high visibility location, and proximity to a major university make it an attractive investment prospect in a dynamic market. The property offers a blend of established national brands and local businesses, creating a diverse and resilient tenant mix. The substantial parking provision caters to the high volume of daily traffic, ensuring convenient access for shoppers and employees. This power center represents a compelling opportunity for investors seeking a stable and high-performing retail asset in a desirable location.

    Property Features for 4028 Wards Rd

    General Information

    Property type
    Power centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    81,064 SF

    Building Details

    Year Built
    2001

    Unit(s) available at that property

    Space
    Suite B2
    Size
    4,729 SF
    Space
    ATM
    Size
    1 SF

    HighLights

    • Strong anchor tenants include Target, Michaels, and Aldi.
    • The tenant mix also includes The UPS Store, Blaze Pizza, and Five Guys.
    • Built in 2001.
    • 81,064 square feet of gross leasable area (GLA).
    • Ample parking with a 6.97:1,000 SF ratio.
    • High‑visibility location with 41,000 VPD on Wards Rd/Bus 29.
    Property Profile Location Intelligence

    Current Use by Public Records

    Target Mobile Cell Phone Store Starbucks Coffee Shop CVS Pharmacy Pharmacy Target Grocery Grocery Store Coinhub Bitcoin ATM ... Atm

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg
    State
    Virginia
    Longitude
    -79.1913562
    Latitude
    37.3456913

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    FAQs

    What type of property is this?
    Power center - Lynchburg Retail Investment Opportunity
    Where is this power center located?
    The property is located at 4028 Wards Rd Lynchburg, VA.
    What are key features of this property?
    This property features: Strong anchor tenants include Target, Michaels, and Aldi.; The tenant mix also includes The UPS Store, Blaze Pizza, and Five Guys.; Built in 2001.
    Request Owner's contact information
    4028 Wards 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
    4028 Wards Rd Lynchburg, VA 24502
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