3022 Carroll Ave - Warehouse FOR SALE


Lynchburg, VA 24501- Montview
$2,490,000 USD
434-534-8878
3022 Carroll Ave, Lynchburg, VA for Sale
$2,490,000 USD
Warehouse - FOR SALE
1/11
null | 4.34% Cap Rate

3022 Carroll Ave
Lynchburg, VA 24501
Montview


HIGHLIGHTS

  • Freestanding industrial facility on approximately 2.25 acres.
  • Over 380 feet of frontage along Carroll Avenue.
  • I-2 zoning supports a range of industrial uses.
  • Warehouse and office components provide operational flexibility.
  • Multiple loading doors accommodate distribution and service operations.
  • Convenient access to U.S. Route 460 and regional transportation corridors.

OVERVIEW

3022 Carroll Avenue presents an opportunity to acquire a multi-tenant industrial asset positioned within Lynchburg's established industrial corridor. The property contains approximately 17,000 square feet under roof on 2.25 acres and is currently occupied by three tenants, providing existing income while also offering future flexibility for investors or owner-users. Zoned I-2, the property supports a variety of light industrial, warehouse, manufacturing, and business operations. The facility combines warehouse and office components, creating a functional environment for a diverse tenant mix. Warehouse features include clear heights reported between 15 and 19 feet, multiple grade-level doors, and dock-high loading capabilities that support distribution, storage, fabrication, and service-oriented operations. The fenced lot and outdoor storage areas further enhance the property's utility for industrial users requiring operational flexibility. Positioned on a corner location near Bonsack Street with more than 380 feet of frontage along Carroll Avenue, the property benefits from visibility and convenient access for employees, customers, and commercial vehicles. Its location provides connectivity throughout Lynchburg and efficient access to U.S. Route 460, supporting local and regional business activity. For investors, the combination of in-place tenancy, industrial zoning, loading infrastructure, office accommodations, and a well-located industrial site offers the potential for stable occupancy and long-term value creation. The property is also reported to be located within a designated Opportunity Zone, which may provide applicable Opportunity Zone tax benefits for qualifying investments. Existing tenancy, functional building features, and transportation access position the asset to serve a broad range of industrial and commercial users.

FOR SALE DETAILS

PRICE

$2,490,000 USD

PRICE/SF

$146 USD /SF

CAP RATE

4.34%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

UTILITIES

Lighting - Fluorescent

CLEAR CEILING HT

15 Ft

DOCKS

1

DRIVE INS

7

PARKING SPACES

60

LAND DETAILS

LAND ACRES

2.25

LAND SF

98,010

ZONING

I-2

APN/PARCEL ID

112-07-003

ASK ABOUT THIS PROPERTY

Yesh KhannaTY RealtyMore Info
434-534-8878

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Yesh KhannaTY RealtyMore Info
434-534-8878

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