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3102-3114 Memorial Ave 10,980 SF 100% Leased Retail Building Lynchburg, VA 24501 $1,035,900 CAD ($94.34 CAD/SF) 8.33% Cap Rate
Executive Summary
Great investment opportunity on an established retail corridor in midtown Lynchburg, Stable occupancy with successful tenants. Short term leases give opportunity for upside income potential. Please call or email to discuss.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,980 SF
Building Class
B
Year Built/Renovated
1925/2010
Price
$1,035,900 CAD
Price Per SF
$94.34 CAD
Cap Rate
8.33%
NOI
$86,282 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.44
Lot Size
0.57 AC
Zoning
B3 - Zoned B-3 Business which allows for a number of retail and office uses
Parking
30 Spaces (2.73 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- All Christ Nation
- Services
- 3,100 SF
- -
- -
- Dragon Fire Games
- Retailer
- 2,500 SF
- -
- -
- Lucky Penny Tattoos
- Services
- 1,400 SF
- -
- -
- Monile Construction
- Construction
- 1,400 SF
- -
- -
- Nails #2
- Services
- 1,300 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| All Christ Nation | Services | 3,100 SF | - | - | ||
| Dragon Fire Games | Retailer | 2,500 SF | - | - | ||
| Lucky Penny Tattoos | Services | 1,400 SF | - | - | ||
| Monile Construction | Construction | 1,400 SF | - | - | ||
| Nails #2 | Services | 1,300 SF | - | - |
Fairly walkable
50/100
Moderately drivable
60/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 030-06-009 | Improvements Assessment | $157,871 CAD |
| Land Assessment | $53,729 CAD | Total Assessment | $211,600 CAD |
Property Taxes
Parcel Number
030-06-009
Land Assessment
$53,729 CAD
Improvements Assessment
$157,871 CAD
Total Assessment
$211,600 CAD
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3102-3114 Memorial Ave
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