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Property profile & analytics
OFF-MARKET
Office Spaces

3 Millrace Dr Lynchburg, VA 24551

7,660 SF
Property ID
Property summary
AI-generated overview

This exceptional 7,660-square-foot flex space at 3 Millrace Drive presents a unique opportunity for businesses seeking a versatile and strategically located property. The building is zoned I-2 Industrial and offers a compelling blend of office, showroom, and warehouse space, ideal for a variety of uses. The layout includes executive offices, a spacious open showroom area, and a convenient loading dock, ensuring efficient operations. The property's prime location at the signalized corner of Millrace Drive and Graves Mill Road places it within a thriving mixed-use and industrial development, providing excellent visibility and accessibility. The current tenant occupancy is single, offering immediate possession. The asking rental rate is negotiable, and the owner is willing to undertake renovations to customize the space to meet a tenant's specific needs. This presents a rare chance to secure a well-appointed, adaptable property in a high-demand area. The building's 7,660 square feet provides ample room for growth and expansion, making it an attractive option for businesses of various sizes. The combination of office, showroom, and warehouse space makes it suitable for a wide range of industries. The loading dock further enhances its functionality and efficiency. The strategic location at a signalized intersection ensures high visibility and easy access for clients and employees. The flexibility offered by the negotiable rent and willingness to renovate to suit makes this property a truly exceptional investment opportunity.

Property profile
Verified
Property type Office Spaces
Total area 7,660 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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