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Freestanding Office w/ Additional Lot 2616 Langhorne Rd 2,844 SF 100% Leased Office Building Lynchburg, VA 24501 $425,000 ($149.44/SF)
INVESTMENT HIGHLIGHTS
- Corner location with great visibility and access
- Adjoining parcel can be continued use as parking or can be developed separately
- Near Lynchburg General Hospital and major medical hub
- Flexible office configuration - currently 3 separate office suites
- Located on an established commercial corridor
EXECUTIVE SUMMARY
+/- 2,844sf office building. +/- 948sf on main level with +/- 1,896sf on upper level. Walk-out entrances on both levels with parking on both levels. Building is situated on corner lot of +/- 0.179ac with an adjoining +/- 0.225ac parcel that can either be additional parking or could be developed.
Building is currently configured as 3 separate office units. Covered parking/entrance on main level.
Corner location with great visibility and access. Located across from E.C. Glass High School in close proximity to Lynchburg General Hospital and the medical hub of the Lynchburg MSA, minutes from downtown.
Address of additional parcel included in this sale is 2612 Langhorne Road.
Building is currently configured as 3 separate office units. Covered parking/entrance on main level.
Corner location with great visibility and access. Located across from E.C. Glass High School in close proximity to Lynchburg General Hospital and the medical hub of the Lynchburg MSA, minutes from downtown.
Address of additional parcel included in this sale is 2612 Langhorne Road.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
2,844 SF
Building Class
C
Year Built/Renovated
1965/2018
Price
$425,000
Price Per SF
$149.44
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,896 SF
Building FAR
0.16
Lot Size
0.40 AC
Zoning
B1 - Zoned B-1 Limited Business
Parking
38 Spaces (13.36 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $297,500 | |
| Land Assessment | $110,000 | Total Assessment | $407,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$110,000
Improvements Assessment
$297,500
Total Assessment
$407,500
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Freestanding Office w/ Additional Lot | 2616 Langhorne Rd
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