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    1218 Park Ave Lynchburg, VA 24501-1822

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    1218 Park Ave Lynchburg, VA 24501-1822


    • Warehouses
    • 56,160 SF
    • 0.86 lot acres
    Off-Market
    Property ID
    US87-1392685
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $1,160,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Happily Ever After Event Rentals / Party Supply Store / Rental Equipment Company

    Property Details for 1218 Park Ave

    Year built
    1915
    Lot size
    0.86 lot acres
    Property size
    56,160 SF
    Zone code
    B5
    Property type
    Warehouses
    APN
    010 27 002
    APU
    1027002

    Description

    This exceptional warehouse space at 1218 Park Avenue offers a fantastic opportunity for businesses seeking flexible industrial space. The property is zoned B-5, allowing for a diverse range of uses. Currently, there is one available unit, with sizes ranging from a minimum of 2,000 square feet to a maximum contiguous space of 4,900 square feet. The warehouse boasts a ceiling height of 17 feet 10 inches, providing ample vertical space for storage or operations. The unit is equipped with 200-amp power, sufficient for many industrial applications. The space is ready for immediate occupancy, having recently undergone a thorough cleaning and fresh coat of paint. This is an ideal location for businesses needing adaptable warehouse space in a well-zoned area. The multiple tenancy structure allows for potential expansion or collaboration opportunities within the building. The property's convenient location and versatile zoning make it a highly attractive option for a variety of industrial and commercial uses. Interested parties are encouraged to inquire about availability and lease terms. This is a rare opportunity to secure high-quality warehouse space in a desirable location. Don't miss out on this chance to establish your business in this well-maintained and conveniently located industrial property.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      ML approach
      $930,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,232,000
      Market price range: $1.23M - $4.77M
      AI Estimate
      $1,318,000
      Market price range: $1.32M - $3.69M

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg City
    State
    Virginia
    Longitude
    -79.1531
    Latitude
    37.4109
    CBSA code
    31340
    CBSA name
    LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,560
    $187,700
    $212,300
    $400,000
    -
    $187,700
    $212,300
    $400,000
    More about this property
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