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3029 Old Forest Rd

4,253 SF Vacant Office Building Lynchburg, VA 24501 $450,000 ($106/SF)

Medical Offices Virginia Lynchburg 3029 Old Forest Rd, Lynchburg, VA 24501

Investment Highlights

  • Great visibility at a high traffic intersection.
  • Central Location
  • Well maintained

Executive Summary

Great opportunity to purchase a quality medical office building with two additional rental suites in a sought-after location near the intersection of Old Forest and Link Road. Originally built for a dental practice, the front office is brick construction and consists of 1,730 square feet of administrative space and exam rooms. A 1,650 square foot two story addition to the rear of the building contains two commercial rental spaces, both currently occupied. These two units are accessed by a private entrance from the parking area. Both spaces are approximately 800 square feet each. The site is fully paved, and contains over eighteen parking spaces. Ideal for the owner occupant, or as an investment, this is an attractively priced and well-maintained property in a strong commercial location.
Co -Listed with Billy Flint

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
4,253 SF
Building Class
C
Year Built
1996
Price
$450,000
Price Per SF
$106
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,253 SF
Building FAR
0.38
Lot Size
0.26 AC
Zoning
B3 - Retail/Office
Parking
18 Spaces (4.23 Spaces per 1,000 SF Leased)

Amenities

  • Wheelchair Accessible
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PROPERTY TAXES

Parcel Number 166-01-002 Improvements Assessment $258,500
Land Assessment $127,000 Total Assessment $385,500

PROPERTY TAXES

Parcel Number
166-01-002
Land Assessment
$127,000
Improvements Assessment
$258,500
Total Assessment
$385,500
(434) 942-1173

Contact

  • Listing ID: 29996288

  • Date on Market: 11/8/2023

  • Last Updated:

  • Address: 3029 Old Forest Rd, Lynchburg, VA 24501

More public record information on 3029 Old Forest Rd, Lynchburg, VA 24501

The Office Property at 3029 Old Forest Rd, Lynchburg, VA 24501 is currently available for sale. Contact Gentry Commercial Real Estate, Inc. for more information.

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3029 Old Forest Rd
(434) 942-1173 x

3029 Old Forest Rd

Nathaniel Perrow

(434) 942-1173

(434) 942-1173

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