2250 Murrell Rd - Office CONDO FOR SALE


Lynchburg, VA 24501
$355,000 USD
540-314-1739
2250 Murrell Rd, Lynchburg, VA for Sale
$355,000 USD
Office CONDO - FOR SALE
1/11
null | Request Cap Rate

2250 Murrell Rd
Lynchburg, VA 24501


HIGHLIGHTS

  • Three office condominium suites totaling approximately 3,600 SF.
  • Suites B5 and B6 feature seven private offices, conference room, and two restrooms.
  • Suite B4 is leased, providing immediate income stream.
  • Flexible layout allows for occupancy by one or multiple tenants.
  • Brick construction with updated interiors in common and private areas.
  • Located in Lakeside Plaza near major roadways and Lynchburg amenities.

OVERVIEW

This office property offers a unique opportunity to acquire three connected suites within a professional office condominium development in Lynchburg, Virginia. Spanning 3,600 SF, the asset includes Suites B4, B5, and B6. Suites B5 and B6 provide a combined 2,400 SF layout featuring a large reception area, seven private offices, a conference/training room, two restrooms, and a coffee break counter. Updated neutral finishes with LVP flooring enhance the aesthetic, and the configuration allows for continued use as one space or subdivision into two smaller units. Suite B4 is currently leased under a three-year term, generating immediate rental income for investors. Suites B5 and B6 are currently available for lease and can be leased as one unit. The property is constructed of durable brick with a shingle roof and offers public water and sewer connections and is a great opportunity for an owner-occupant or investor. Positioned within the Lakeside Plaza development, the location benefits from proximity to Lynchburg’s commercial corridors, with easy access to US-460 and major local routes. This purchase represents an appealing option for an owner-occupant seeking expansion potential or an investor focused on stabilized income with upside lease opportunities.

FOR SALE DETAILS

PRICE

$355,000 USD

PRICE/SF

$99 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Lakeside Plaza Office Condominiums

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

12,000 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

B-3

APN/PARCEL ID

004-08-001,004-08-002

ASK ABOUT THIS PROPERTY

Krista VannoyWaldvogel Commercial Properties, Inc.More Info
540-314-1739

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Krista VannoyWaldvogel Commercial Properties, Inc.More Info
540-314-1739

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.