3000 Memorial Ave Lynchburg, VA 24501-3728
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.
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Sandy's Towing Auto Repair Shop
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Sandy’s Towing and Tires - Auto Repair Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B3 · Lynchburg, VALynchburg. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.