7916 Timberlake Rd Lynchburg, VA 24502
- Community centers
- 1,112 SF
- 0.71 lot acres
Current Use by Public Records
- Community centers
Property Details for 7916 Timberlake Rd
- Year built
- 2023
- Lot size
- 0.71 lot acres
- Property size
- 1,112 SF
- Zone code
- B3
- Property type
- Community centers
- APN
- 254 13 022
- APU
- 25413022
Description
This exceptional Class A commercial property, located at 7916-8000 Timberlake Road in Lynchburg, Virginia (zip code 24502), offers 4,252 square feet of vacant space in two buildings, built in 2022. The property is ideally situated along Timberlake Road, a high-traffic area with an average daily traffic count of 32,000 vehicles. The space is divisible to a minimum of 952 square feet and offers a maximum contiguous space of 3,300 square feet, making it suitable for a variety of businesses. This retail and office space benefits from its prime location near major transportation arteries, including quick access to highways 501, 460, and 29, and is only 15 minutes from Lynchburg's downtown area and 10 minutes from Liberty University's expansive campus. The property enjoys a strong surrounding residential base, with 270 luxury residential units either completed or under construction directly behind the development, sharing a common entrance. Furthermore, the property is part of a thriving commercial development, boasting neighboring tenants such as Dunkin', Chipotle, First Watch, Jersey Mike's, VA ABC, Sheetz, and Valvoline. A high-volume Kroger grocery store is conveniently located across the street, along with other national and regional retailers. The property is also less than four miles (a ten-minute drive) from Lynchburg Regional Airport. This presents a unique opportunity for businesses seeking a high-visibility location with excellent access to transportation, amenities, and a strong residential and student population.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $345,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $240,000
- 6.5%
- $220,000
- 7%
- $205,000
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Location Insight
- Map
- Local Demand
- City
- Lynchburg
- County
- Lynchburg City
- State
- Virginia
- Longitude
- -79.2283
- Latitude
- 37.3507
- CBSA code
- 31340
- CBSA name
- LYNCHBURG, VA METROPOLITAN STATISTICAL AREA