3622 Old Forest Rd - Storefront Retail/Office FOR SALE


Lynchburg, VA 24501
$1,550,000 USD
434-841-3659
3622 Old Forest Rd, Lynchburg, VA for Sale
$1,550,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | Request Cap Rate

3622 Old Forest Rd
Lynchburg, VA 24501


HIGHLIGHTS

  • Upside Potential
  • 4.7 Acres of R-4 land for future development
  • Room for Expansion
  • Located near major retailers and employers

OVERVIEW

Investment Property - Olde Forest Shoppes - Property consists of 14,280 sq. ft. +/- total square feet on 6.5 acres, with a great tenant mix. Currently, six tenants occupy the building, most on a month-to-month lease. Main level is fully leased with one 750 sq. ft. vacancy in the lower level and a large 3,400 sq. ft. unfinished area with drive-in door currently used for Landlord storage. Property is zoned B-3C in the front, and 4.7 acres of R-4 land for future development.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.5 AC

LAND SF

283,140 SF

ZONING

B-3C, R-4 in rear

APN/PARCEL ID

227-17-002

ASK ABOUT THIS PROPERTY

Ricky ReadColdwell Banker Commercial Read & Co.More Info
434-841-3659

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Ricky ReadColdwell Banker Commercial Read & Co.More Info
434-841-3659

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