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    Land

    0 Wards Rd & Russell Wood Dr, Lynchburg, VA 24502

    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.96-acre commercial land parcel, situated at the highly visible, signalized intersection of Wards Road (Route 29) and Russell Woods Drive in Lynchburg, Virginia, presents a remarkable investment opportunity. Comprising two lots (tax map numbers 22C-1-3 and 22C-2-2A), this well-situated property boasts excellent visibility and accessibility. Its flat terrain makes it particularly suitable for drive-thru and retail establishments. The B-GC zoning permits a wide range of commercial uses, including restaurants, retail stores, convenience stores, auto sales, and auto repair facilities. The property's strategic location offers significant advantages, being just over a mile south of Liberty University's main campus and less than half a mile from Lynchburg Regional Airport, ensuring high traffic volume and strong potential for customer base. This property is also available for ground lease. Detailed information regarding this option is available upon request. The asking price for the outright sale is $1,900,000. This prime commercial land presents a rare opportunity to establish a thriving business in a high-demand area of Lynchburg, Virginia, zip code 24502, within Campbell County.

    Property profile
    Verified
    Property type Land
    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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