1001 Ardmore Dr Lynchburg, VA 24501
This 0.65-acre commercial land parcel in Lynchburg, Virginia (zip code 24501), presents a unique investment opportunity. Located at the signalized intersection of Ardmore Drive and Old Forest Road, the property boasts exceptional visibility and accessibility. The site comprises two lots, one of which currently features a brick ranch dwelling. This prime location offers immediate proximity to a thriving commercial hub, including a Walmart Supercenter directly across Old Forest Road, a Bojangles restaurant across Ardmore Drive, and a Biscuitville directly across the street. Other nearby businesses include a Kia dealership, Shell gas station, Wells Fargo, Applebee's, Areva, and Goodwill, ensuring high foot and vehicle traffic. The property's strategic positioning at a highly developed intersection makes it ideal for a variety of commercial ventures. The asking price is $395,000. This is an excellent chance to acquire a well-situated commercial property with significant development potential in a rapidly growing area. The property's address is 1001 Ardmore Drive, Lynchburg, VA 24501.
Cap rate
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Property description
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