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2800-2822 Carroll Ave 59,710 SF 63% Leased Industrial Building Lynchburg, VA 24501 $3,485,000 ($58.37/SF) 7.32% Cap Rate
INVESTMENT HIGHLIGHTS
- Great location and its large size
- Conveniently located close to the new exit from 460.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$144,000
|
$2.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$144,000
|
$2.41
|
| Taxes |
$6,010
|
$0.10
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$6,010
|
$0.10
|
| Net Operating Income |
$137,990
|
$2.31
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $144,000 |
| Annual Per SF | $2.41 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $144,000 |
| Annual Per SF | $2.41 |
| Taxes | |
|---|---|
| Annual | $6,010 |
| Annual Per SF | $0.10 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $6,010 |
| Annual Per SF | $0.10 |
| Net Operating Income | |
|---|---|
| Annual | $137,990 |
| Annual Per SF | $2.31 |
PROPERTY FACTS
AMENITIES
- Storage Space
UTILITIES
- Lighting - Fluorescent
- Water - City
- Heating - Gas
ABOUT 2800-2822 CARROLL AVE , LYNCHBURG, VA 24501
59711 sq ft of space. Space offers a multitude of possibilities with the industrial zoning, from contractor offices/ facilities, storage or parts supply to shipping and warehousing and more. There is office space as well as warehousing. Unit has a total of 7 truck well, dock high bays (two in the back and four as you come in the gate/road side one near front entrance) as well as a grade level door with ramp for pulling vehicles into warehouse. Conveniently located close to the new exit from 460 and other major arteries in and out of city of Lynchburg. Approximately 2 hours from Richmond, VA, 3.5 hours from Charlotte, NC and 3 hours from Fairfax, VA. This lot and building is located in the Lynchburg Enterprise Zone. Please call Yesh Khanna at 434.401.7895 or Teresa Khanna 434-444-1060 for further details.
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Rental rate will depend on the modifications that the tenant will want to complete. Two ramps leading to the space. One of the ramps could be renovated into a drive-in. Large windows along the length of the warehouse. Owner is working on repairs and renovations.
| Space | Size | Space Use | Condition | Available |
| Ground | 22,000 SF | Industrial | Partial Build-Out | Now |
Ground
| Size |
| 22,000 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| Now |
Ground
| Size | 22,000 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | Now |
Rental rate will depend on the modifications that the tenant will want to complete. Two ramps leading to the space. One of the ramps could be renovated into a drive-in. Large windows along the length of the warehouse. Owner is working on repairs and renovations.
PROPERTY TAXES
| Parcel Number | 051-01-002 | Total Assessment | $1,100,000 (2025) |
| Land Assessment | $275,000 (2025) | Annual Taxes | $6,010 ($0.10/SF) |
| Improvements Assessment | $825,000 (2025) | Tax Year | 2023 |
PROPERTY TAXES
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2800-2822 Carroll Ave
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