120-475 Simons Run, Lynchburg, VA 24502
- Retail properties & Spaces
- 202,605 SF
- 3.21 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 120-475 Simons Run
- Lot size
- 3.21 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lynchburg
- County
- Lynchburg
- State
- Virginia
- Longitude
- -79.1909
- Latitude
- 37.3424
