3 Millrace Dr Lynchburg, VA 24551
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.