3022 Carroll Ave 17,000 SF Vacant Industrial Building Lynchburg, VA 24501 $2,490,000 ($146.47/SF) 4.34% Cap Rate

3022 Carroll Avenue presents an opportunity to acquire a multi-tenant industrial asset positioned within Lynchburg's established industrial corridor. The property contains approximately 17,000 square feet under roof on 2.25 acres and is currently occupied by three tenants, providing existing income while also offering future flexibility for investors or owner-users. Zoned I-2, the property supports a variety of light industrial, warehouse, manufacturing, and business operations.
The facility combines warehouse and office components, creating a functional environment for a diverse tenant mix. Warehouse features include clear heights reported between 15 and 19 feet, multiple grade-level doors, and dock-high loading capabilities that support distribution, storage, fabrication, and service-oriented operations. The fenced lot and outdoor storage areas further enhance the property's utility for industrial users requiring operational flexibility.
Positioned on a corner location near Bonsack Street with more than 380 feet of frontage along Carroll Avenue, the property benefits from visibility and convenient access for employees, customers, and commercial vehicles. Its location provides connectivity throughout Lynchburg and efficient access to U.S. Route 460, supporting local and regional business activity.
For investors, the combination of in-place tenancy, industrial zoning, loading infrastructure, office accommodations, and a well-located industrial site offers the potential for stable occupancy and long-term value creation. The property is also reported to be located within a designated Opportunity Zone, which may provide applicable Opportunity Zone tax benefits for qualifying investments. Existing tenancy, functional building features, and transportation access position the asset to serve a broad range of industrial and commercial users.