112 Hexham Dr Lynchburg, VA 24502-3011
- Retail space
- 1,250 SF
- 0.03 lot acres
Current Use by Public Records
- Turning Headz Salon / Beauty Salon
- Chera Turner at Turning Headz Salon / Hair Salon / Hair Care
- Karlise In Home Care / Home Health Care Service
- Blue Ridge Title Services, LLC / Title Company
Property Details for 112 Hexham Dr
- Year built
- 2004
- Lot size
- 0.03 lot acres
- Property size
- 1,250 SF
- Zone code
- R2C
- Property type
- Retail space
- APN
- 250 17 016
- APU
- 25017016
Description
This exceptional 1,250 square foot office space, situated in the desirable Town Center of Wyndhurst, offers a blend of functionality and convenience. Built in 2004, this single-story building boasts a main floor layout with no steps, ensuring easy accessibility. The space currently features 625 square feet of vacant area, ideal for immediate occupancy. Previously configured as a salon and then an insurance office, the layout is adaptable to various business needs. It includes a private office and a large open area suitable for shared workspaces, accommodating 2-3 desks comfortably. Ample public parking is available both in front and behind the building. The property is strategically located, just two miles from Timberlake Road and Route 221, and less than ten minutes from Liberty University. Downtown Lynchburg is a convenient nine-minute drive. The building is served by AEP power and features zoning designated as R-2C. Parking accommodates 25-35 vehicles. The property is categorized as Executive Office, Creative Office, and Coworking space, making it suitable for a variety of businesses. The building is a beautiful brick structure. This location offers easy access to major roadways and is within close proximity to a vibrant community. The property is located in the Lynchburg, Liberty University, Cornerstone, Wyndhurst, and Forest submarket cluster. This is a rare opportunity to secure a well-located, adaptable office space in a thriving area.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $270,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $255,000
- 6.5%
- $235,000
- 7%
- $215,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $264,000
- AI Estimate
- $175,000
Market price range: $98.8k - $296kMarket price range: $67.5k - $193k
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lynchburg
- County
- Lynchburg City
- State
- Virginia
- Longitude
- -79.2396
- Latitude
- 37.3561
- CBSA code
- 31340
- CBSA name
- LYNCHBURG, VA METROPOLITAN STATISTICAL AREA