Listing Agency: Coldwell Banker Commercial Read & Co.

Listed By: Ricky Read · License #0226023041 Show Phone

Source: Crexi

Added: Jun 16, 2017 Changed: Oct 21 Last Checked: Oct 20 at 7:03PM

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Investment Insights

Based on property information with market context.

This property is a 5.11-acre parcel situated on Forest Road (Rt. 221) in Lynchburg, VA, offering 335 feet of frontage on Rt. 221. Its location places it in proximity to various office and retail establishments. The site includes a newly graded 1.8-acre pad, prepared for immediate construction. The property is suitable for a variety of uses, including restaurant, retail, medical, or office.

Key Highlights

• Prime location on Forest Road (Rt. 221) with high visibility.
• Newly graded 1.8 acre pad site ready for immediate construction.
• 5.11 acre lot suitable for various commercial uses (restaurant, retail, medical, office).

Property Analytics

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Location Intelligence

Trade Area within ½ mile

14

Businesses Nearby

Explore this area Business Placement

Demographics for 24551, VA

25,601

Population

10,844

Households

2.4

Avg Household Size

42

Median Age

47%

College-Educated

96%

High-School Grad

74.2 sq mi

ZIP Area

345

Density / Sq Mi

$91,119

Median Household Income

$49,846

Median Earnings

$1,087

Median Rent

$345,600

Median Home Value

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Frequently Asked Questions

What type of property is this?

Commercial land - 5.11 acres on Forest Road, ideal for development.

Where is this commercial land located?

The property is located at Forest Road Forest, VA.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Prime location on Forest Road (Rt. 221) with high visibility.; Newly graded 1.8 acre pad site ready for immediate construction.; 5.11 acre lot suitable for various commercial uses (restaurant, retail, medical, office).