Rare opportunity! Prime location, downtown Lynchburg commercial and residential properties with B-5 zoning. Lots of potential and rental income! Ample parking. 1541 Park Ave includes the 1,856SF block garage (which has endless possibilities) and the 280SF, 1 BR/1 BA vinyl sided home that is currently occupied, generating rental income, too! Property also available as MLS#: 341015 which includes the adjoining property at 1537 Park Ave. That property offers a 1,344SF convenience store.
Rare opportunity! Prime location, downtown Lynchburg commercial property (B-5 zoning). Lots of potential here! Ample parking at this convenience store, with 1,344SF and is waiting for its new owners to reopen or change to suit your needs. Property also available as MLS#: 341015 which includes the adjoining property at 1541 Park Ave. That property offers a 1,856SF block garage and a 280SF, 1 BR/1 BA vinyl sided home, both of which are currently occupied, generating rental income. Garage and house each rent for $550.00 monthly.
Investment - Retail/Bank Building located on Old Forest Road in Lynchburg, VA. Situated on a Walmart Supercenter Outparcel at a signalized intersection. Property features high visibility, shared parking easement with Walmart, drive-thru, multiple means of ingress/egress, and in close proximity to Rt. 501. Existing lease in place until March 2026.
Approximately 2.10 acres of industrially zoned land in Lynchburg, VA. Close to public water & sewer. In close proximity to US 29, Route 460, & Route 501. Adjacent lots available.
Highly developed intersection with a Wal-mart Shopping Center located across Old Forest Rd., Bojangles located across Ardmore Dr. and a Biscuitville located directly across the street. Property consists of two lots and one lot currently has a brick ranch dwelling on site. Other surrounding businesses include: Kia Car Dealership, Shell Gas Station, Wells Fargo, Applebee's, Areva and Goodwill.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange ("IDX") program of the Lynchburg Association of REALTORS. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright 2024 Lynchburg Association of Realtors. All rights reserved.
The median home value in Lynchburg, VA is $142,900. This is higher than the county median home value of $133,700. The national median home value is $219,700. The average price of homes sold in Lynchburg, VA is $142,900. Approximately 43.26% of Lynchburg homes are owned, compared to 43.86% rented, while 12.87% are vacant. Lynchburg real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lynchburg real estate agent to arrange a tour today!
Lynchburg, Virginia 24501 has a population of 79,237. Lynchburg 24501 is less family-centric than the surrounding county with 24.08% of the households containing married families with children. The county average for households married with children is 24.45%.
The median household income in Lynchburg, Virginia 24501 is $41,971. The median household income for the surrounding county is $41,971 compared to the national median of $57,652. The median age of people living in Lynchburg 24501 is 28.3 years.
The average high temperature in July is 86 degrees, with an average low temperature in January of 24.5 degrees. The average rainfall is approximately 44.3 inches per year, with 13.3 inches of snow per year.