Property profile

2901 Candlers Mountain Rd Lynchburg, VA 24502

FOR SALE
Drive through restaurants
Property ID
US87-1581160
1,369 SF 0.7 ac lot Built 1994
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 2901 Candlers Mountain Road in Lynchburg, Virginia, presents a unique investment opportunity. The 0.7-acre lot boasts significant frontage on Candlers Mountain Road, a high-traffic area with excellent visibility. The existing structure offers 860 square feet of space, ideally suited for a drive-thru business. The property's design features a double drive-thru configuration, eliminating the need for indoor seating, making it perfect for quick-service restaurants or similar ventures. Its strategic location at a traffic signal ensures easy access for customers. The asking price is $1,300,000. This property's prime location and adaptable design make it an attractive prospect for entrepreneurs seeking a high-visibility commercial space in a thriving Lynchburg market. The significant traffic volume and convenient access contribute to its strong potential for return on investment. The existing structure provides a solid foundation for immediate operation, minimizing initial setup costs. This is a rare opportunity to acquire a well-positioned commercial property in a desirable area of Lynchburg. Serious inquiries are encouraged.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1994
Construction FRAME
Total area 1,369 SF
Lot 0.7 ac (30,579 SF)
Zoning code B5
APN 162 04 001
UPID US87-1581160

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2901 Candlers Mountain Rd Lynchburg, VA 24502
Lynchburg metro Census 901 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

Zoning & alternative use

B5 · Lynchburg, VA
Zoning description

The B-5 district is intended to provide for a variety of commercial and similar uses that require large sites and which often produce substantial nuisance effects

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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