105 Tradewynd Dr Lynchburg, VA 24502
- Retail space
- 2,500 SF
- 0.03 lot acres
Current Use by Public Records
- Exemplar Education and Consulting LLC / Emergency Training
Property Details for 105 Tradewynd Dr
- Year built
- 2003
- Lot size
- 0.03 lot acres
- Property size
- 2,500 SF
- Zone code
- R2C
- Property type
- Retail space
- APN
- 250 17 004
- APU
- 25017004
Description
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
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $335,000
- ML approach
- $370,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $505,000
- 6.5%
- $465,000
- 7%
- $435,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $414,000
- AI Estimate
- $274,000
Market price range: $198k - $592kMarket price range: $135k - $386k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $405,000 Current use
- AUTO REPAIR, GARAGE
- $510,000 Change: +25% Conversion: Difficult
- MEDICAL BUILDING
- $445,000 Change: +10% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $385,000 Change: -5% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Lynchburg
- County
- Lynchburg City
- State
- Virginia
- Longitude
- -79.2405
- Latitude
- 37.3569
- CBSA code
- 31340
- CBSA name
- LYNCHBURG, VA METROPOLITAN STATISTICAL AREA