14339 Wards Rd Lynchburg, VA 24502
- Commercial real estate
- 7,255 SF
- 3.24 lot acres
Current Use by Public Records
- First Bank and Trust Company / Bank
- Alliance Movers Lynchburg VA / Mover
- Rehab Associates of Central Virginia / Sports Medicine Clinic / Physical Therapist
Property Details for 14339 Wards Rd
- Year built
- 2019
- Construction
- FRAME
- Lot size
- 3.24 lot acres
- Property size
- 7,255 SF
- Zone code
- B-GC
- Property type
- Commercial real estate
- APN
- 022C-01000-005-0
- APU
- 022C010000050
Description
This exceptional Class A, single-story strip center, built in 2020, offers 7,265 square feet of retail, office, and restaurant space in Lynchburg, Virginia. Located on Wards Road, a major commercial corridor with over 32,000 vehicles per day, this property boasts high visibility and convenient access near Liberty University, US 460/29 Bypass, and Lynchburg Regional Airport. The center features four suites, with two currently available, ranging from 1,800 to 3,665 contiguous square feet. One end-cap space offers a drive-thru configuration, totaling 1,865 square feet. Ample parking is provided with 35 spaces. The property is zoned for business use and sits within Campbell County. Current tenants include First Bank & Trust and Rehab Associates of Central Virginia. This prime location benefits from proximity to numerous new residential and commercial developments, making it an ideal investment opportunity. Minimum divisible space is 1,800 square feet, with a maximum contiguous space of 5,525 square feet.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $390,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $420,000
- 6.5%
- $435,000
- 7%
- $430,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $450,000
- Geo Method
- $380,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $480,000
- Retail
- $370,000
- Mixed-Use
- $390,000
- Hospitality
- $450,000
- Educational
- $405,000
- Residential Income
- $450,000
- Energy
- $380,000
- Income-Based Land
- $410,000
- Food Service
- $500,000
Location Insight
- Map
- Local Demand
- City
- Lynchburg
- County
- Campbell
- State
- Virginia
- Longitude
- -79.1888
- Latitude
- 37.3237
- CBSA code
- 31340
- CBSA name
- LYNCHBURG, VA METROPOLITAN STATISTICAL AREA