4028 Wards Rd, Lynchburg, VA 24502-2944

Property Details for 4028 Wards Rd

Year built

2000

Lot size

11.64 lot acres

Zone code

B5C

Property type

Retail properties & Spaces

APN

257 05 006

APU

25705006

Description

Wards Crossing is a thriving 81,064 square foot power center in Lynchburg, Virginia, built in 2001. This multi-tenant property boasts a strong anchor lineup including Target, Michaels, and Aldi, complemented by a diverse mix of national and local tenants such as Barnes & Noble, Hallmark, The UPS Store, Blaze Pizza, and Five Guys. The center is strategically located off Wards Road/Bus 29 and Route 460, a high-traffic area with an average daily count exceeding 41,000 vehicles. Its proximity to Liberty University, with its substantial student population of over 100,000, ensures a consistent customer base. The property features ample parking with a ratio of 6.97 spaces per 1,000 square feet of gross leasable area (GLA). Currently, there is 4,729 square feet of vacant space available within the 19.12-acre lot. This presents a unique opportunity to acquire a well-established retail center with significant potential for growth and return on investment. The property's strong tenant base, high visibility location, and proximity to a major university make it an attractive investment prospect in a dynamic market. The property offers a blend of established national brands and local businesses, creating a diverse and resilient tenant mix. The substantial parking provision caters to the high volume of daily traffic, ensuring convenient access for shoppers and employees. This power center represents a compelling opportunity for investors seeking a stable and high-performing retail asset in a desirable location.

Location Insight

City

Lynchburg

County

Lynchburg City

State

Virginia

Longitude

-79.1909

Latitude

37.3458

CBSA code

31340

CBSA name

LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments