Property profile

3000 Memorial Ave Lynchburg, VA 24501

OFF-MARKET
Gas stations
Property ID
US87-1492266
1,644 SF 0.29 ac lot Built 1953
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1,644 square foot commercial property, situated on a 0.29-acre lot at the highly visible corner of Oakley Avenue and Memorial Avenue in Lynchburg, Virginia, presents a remarkable investment opportunity. Its prime location ensures maximum exposure to a substantial daily traffic flow, making it exceptionally suitable for a diverse range of businesses. The B-3 zoning allows for a variety of uses, including but not limited to auto repair shops, gas stations, convenience stores, auto sales dealerships, and hair salons. The property's size offers ample space for both operations and potential expansion, catering to the needs of a growing enterprise. The strategic corner location provides excellent visibility and accessibility, enhancing customer convenience and attracting a wider clientele. This property represents a rare chance to acquire a well-positioned commercial asset in a thriving area of Lynchburg, offering significant potential for return on investment. Serious inquiries are encouraged to explore the possibilities this exceptional location offers. The property is priced competitively at $298,000, reflecting its prime location and versatile zoning. Don't miss this opportunity to secure a valuable piece of Lynchburg commercial real estate.

Property profile

Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Year built 1953
Total area 1,644 SF
Lot 0.29 ac (12,632 SF)
Zoning code B3
APN 012 10 024
UPID US87-1492266

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Auto Repair Shop

Location

3000 Memorial Ave Lynchburg, VA 24501-3728
Lynchburg metro Census 700 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2025
Last sale
$250,000
1 recorded transaction
2025
$250,000

Zoning & alternative use

B3 · Lynchburg, VA
Zoning description

The B-3 district is intended to provide for office, retail and service uses meeting the needs of the community as a whole

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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