120-475 Simons Run Lynchburg, VA 24502
This exceptional investment opportunity presents a vacant, pad-ready restaurant outparcel totaling 202,605 square feet on a 3.205-acre lot in Lynchburg, Virginia. The property, located at 120-475 Simons Run, boasts excellent visibility and frontage on Simons Run, directly across from Wards Crossings West and CarMax. Its strategic location within Lynchburg's thriving shopping district, situated on a major commercial corridor, ensures high traffic volume and significant exposure. The site is ideally positioned across from Liberty University, a major institution with over 100,000 students, and adjacent to the Tru by Hilton hotel. Furthermore, its proximity to a proposed 48-acre Centra Health Medical facility adds to its long-term growth potential. The property is zoned for restaurant use, with site plan approval already secured, allowing for immediate commencement of construction. This NNN-leased, 22-unit property is offered at $1,200,000 and presents a rare chance to establish a successful restaurant venture in a high-demand location. The property is currently vacant. This is a turnkey opportunity for a restaurant operator seeking a high-visibility location with immediate development potential.
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
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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.