Property summary
This exceptional 2,500 square foot commercial property located at 105 Tradewynd Drive, Lynchburg, VA, presents a compelling investment opportunity for owner-occupants. Situated on a 0.03-acre lot at a prominent stoplight location in the Summit area, this building boasts unparalleled visibility and accessibility. Currently configured as an executive rental, the main level features five private offices, a mini-kitchen, and two restrooms, ideal for a professional business. An open floor plan on the second level is currently occupied by a month-to-month tenant, offering immediate rental income. This upper level includes a restroom, office space, kitchen, and a spacious gathering room, all conveniently accessible at walk-in level from the rear of the building. The absence of steps on the upper level enhances accessibility and usability. The property's strategic location and versatile layout make it suitable for a variety of uses, offering significant potential for both immediate income and long-term growth. The asking price is $499,900. This is a rare opportunity in a high-demand area
Property profile
VerifiedCap rate & NOI
Current use
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Training Center Vocational School
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
R2C · Lynchburg, VAZoning
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Zoning designation
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The district profile from the municipal source: what is on file for R2C in Lynchburg, VA.
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