103 Hexham Dr Lynchburg, VA 24502-3012
- Retail space
- 2,356 SF
- 0.03 lot acres
Current Use by Public Records
- Bliss Salon / Beauty Salon
Property Details for 103 Hexham Dr
- Year built
- 2005
- Lot size
- 0.03 lot acres
- Property size
- 2,356 SF
- Zone code
- R2C
- Property type
- Retail space
- APN
- 250 16 005
- APU
- 25016005
Description
103 Hexham Drive presents a fantastic opportunity to lease a 1,200 square foot office space, ideally situated on the second floor within the sought-after Wyndhurst Development. This single-tenant office boasts a traditional layout, perfect for a variety of businesses seeking a convenient and accessible location. The property is zoned R-2C, allowing for flexibility in its use. Its prime location offers unparalleled convenience, with easy walking access to a vibrant array of local businesses, restaurants, and coffee shops, enhancing both employee and client experiences. The building features ample common area parking, ensuring convenient parking for tenants and visitors. This 1,200 square foot space provides a comfortable and productive work environment, ready for immediate occupancy. The property's location within the Wyndhurst Development offers a blend of professional atmosphere and convenient access to amenities, making it an attractive option for businesses seeking a thriving and well-connected location. The traditional office layout provides a classic and functional workspace, adaptable to various business needs. This is a rare opportunity to secure a well-located, single-tenant office space in a desirable development. The R-2C zoning provides flexibility for potential future uses. Don't miss this chance to establish your business in a thriving and convenient location.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $295,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $475,000
- 6.5%
- $440,000
- 7%
- $410,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $393,000
- AI Estimate
- $261,000
Market price range: $186k - $558kMarket price range: $127k - $363k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $385,000 Current use
- AUTO REPAIR, GARAGE
- $480,000 Change: +25% Conversion: Difficult
- MEDICAL BUILDING
- $420,000 Change: +10% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $365,000 Change: -5% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Lynchburg
- County
- Lynchburg City
- State
- Virginia
- Longitude
- -79.2403
- Latitude
- 37.3558
- CBSA code
- 31340
- CBSA name
- LYNCHBURG, VA METROPOLITAN STATISTICAL AREA