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5200 Fort Ave 7,675 SF Office Building Lynchburg, VA 24502 $1,535,512 CAD ($200.07 CAD/SF)
INVESTMENT HIGHLIGHTS
- 5200 Fort Avenue is a renovated three-story office building with red brick architecture, modern interiors, and prime Lynchburg corridor visibility.
- Spanning 7,675 square feet with large private offices, open collaboration space, and the option to convert the third floor into an on-site apartment.
- Prominent corner location with tenant signage and visibility to over 19,600 passing vehicles daily, minutes from Liberty University and Wards Road.
- Features include wood and marble flooring, an open atrium, skylight, and a glass-walled conference room with a custom imported marble table.
- Ideal for professional businesses and firms, benefiting from ample surface parking with 20 spaces, ADA-compliant accessibility, and basement storage.
- Supported by more than 151,650 residents within 10 miles and surrounded by nearby amenities and businesses like Kroger, Walgreens, and more.
EXECUTIVE SUMMARY
5200 Fort Avenue presents a prime opportunity for an owner/user to secure a beautifully redeveloped three-story professional office building in one of Lynchburg's most highly trafficked corridors.
Offering 7,675 square feet of space, the property blends timeless red-brick architecture with a modern interior, creating an impressive setting for professional use. 5200 Fort Avenue is supported by a growing population of more than 151,650 residents within 10 miles, with an average household income exceeding $83,200 annually. The property is ideal for legal, financial, medical, and other professional users.
Renovated in 2013, the building features high-quality finishes, such as wood and marble flooring, a stunning open atrium underneath a skylight, a glass-walled conference room with a custom imported marble table, and abundant natural light throughout. Large private offices provide a professional atmosphere, while the third floor offers open collaboration space or the potential to create an on-site apartment. Additional key details include ADA-compliant accessibility, modern restrooms, and basement storage.
5200 Fort Avenue sits on a professionally landscaped corner with prominent tenant signage and surface parking for more than 20 vehicles. The building benefits from a strong presence along Fort Avenue, with excellent visibility to over 19,600 vehicles daily, only minutes from Liberty University and commercial tenants along Wards Road. Surrounding amenities include Kroger, Walgreens, Bank of the James, and numerous restaurants, retail, and service providers.
Offering 7,675 square feet of space, the property blends timeless red-brick architecture with a modern interior, creating an impressive setting for professional use. 5200 Fort Avenue is supported by a growing population of more than 151,650 residents within 10 miles, with an average household income exceeding $83,200 annually. The property is ideal for legal, financial, medical, and other professional users.
Renovated in 2013, the building features high-quality finishes, such as wood and marble flooring, a stunning open atrium underneath a skylight, a glass-walled conference room with a custom imported marble table, and abundant natural light throughout. Large private offices provide a professional atmosphere, while the third floor offers open collaboration space or the potential to create an on-site apartment. Additional key details include ADA-compliant accessibility, modern restrooms, and basement storage.
5200 Fort Avenue sits on a professionally landscaped corner with prominent tenant signage and surface parking for more than 20 vehicles. The building benefits from a strong presence along Fort Avenue, with excellent visibility to over 19,600 vehicles daily, only minutes from Liberty University and commercial tenants along Wards Road. Surrounding amenities include Kroger, Walgreens, Bank of the James, and numerous restaurants, retail, and service providers.
SALE FLYER
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Building Size
7,675 SF
Building Class
B
Year Built/Renovated
1949/2013
Price
$1,535,512 CAD
Price Per SF
$200.07 CAD
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
2,558 SF
Building FAR
0.30
Lot Size
0.59 AC
Zoning
B3 - Community Business District
Parking
23 Spaces (3 Spaces per 1,000 SF Leased)
AMENITIES
- Atrium
- Security System
- Signage
- Storage Space
- Monument Signage
- Air Conditioning
- Balcony
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
7,095
44,165
91,072
2024 Population
6,628
44,467
91,953
Population Growth '20-'24
-6.6%
0.7%
1.0%
2020 Households
2,990
17,788
37,605
2024 Households
2,785
17,873
37,972
Household Growth '20-'24
-6.9%
0.5%
1.0%
Average Age
39
35
37
Median Household Income
$61,322
$50,141
$54,940
Daytime Employees
4,353
43,239
73,275
Total Businesses
375
3,725
6,293
College Degree + Higher
34%
29%
33%
$ values in USD
SALE ADVISORS
SALE ADVISORS
Michael Waldvogel, President & Chief Executive Officer
Michael, President and Chief Executive Officer, founded Waldvogel Commercial Properties, Inc. in 2004. He was the founding principal of Waldvogel Poe & Cronk Real Estate Group, which he sold to his partners. Earlier in his career, he was Director of Business Development for the Better Business Bureau and Executive Director of the Downtown Business League, Inc. He earned a Bachelor of Science Degree from Virginia Commonwealth University and holds both the SIOR and CCIM professional designations.
He has been active in both the Roanoke Valley and Virginia Associations of REALTORS®. He is past president of the Virginia CCIM chapter. He is past president of the Boys & Girls Clubs of Southwest Virginia and continues to volunteer time to that organization. Michael previously was chairman of the Roanoke City Planning Commission and has served on the boards of Downtown Roanoke, Inc. and the Roanoke Regional Chamber of Commerce. He currently serves as a lay member of the Virginia State Bar 8th District Disciplinary Committee.
Michael is an outdoor enthusiast and runner, having participated in half and full marathon events.
He has been active in both the Roanoke Valley and Virginia Associations of REALTORS®. He is past president of the Virginia CCIM chapter. He is past president of the Boys & Girls Clubs of Southwest Virginia and continues to volunteer time to that organization. Michael previously was chairman of the Roanoke City Planning Commission and has served on the boards of Downtown Roanoke, Inc. and the Roanoke Regional Chamber of Commerce. He currently serves as a lay member of the Virginia State Bar 8th District Disciplinary Committee.
Michael is an outdoor enthusiast and runner, having participated in half and full marathon events.
Krista Vannoy, Vice President & Chief Operating Officer
Krista is Vice President and Chief Operating Officer of Waldvogel Commercial Properties. She has been a commercial real estate practitioner since 2001 and with Waldvogel Commercial Properties since the company was founded in 2004. Prior to her career in real estate, Krista worked in downtown economic development, including services as Executive Director for both the Martinsville Uptown Revitalization Association and Lexington Downtown Development Association. She has a Bachelor of Arts degree from Meredith College and holds the Certified Commercial Investment Member designation, which she earned in 2005.
She is a 2006 graduate of Leadership Roanoke Valley and has previously been active in the Roanoke Valley Preservation Foundation and the International Council of Shopping Centers; she serves on the Steering Committee for Roanoke’s Downtown Plan. Krista is an active volunteer with Saint Francis Service Dogs, serving as a puppy raiser and handler. An avid distance runner, she has been a coach and mentor for Fleet Feet Roanoke’s No Boundaries beginner running programs and served as the founding race director for Four On The 4th, a charity foot race to benefit Boys & Girls Clubs of Southwest Virginia.
She is a 2006 graduate of Leadership Roanoke Valley and has previously been active in the Roanoke Valley Preservation Foundation and the International Council of Shopping Centers; she serves on the Steering Committee for Roanoke’s Downtown Plan. Krista is an active volunteer with Saint Francis Service Dogs, serving as a puppy raiser and handler. An avid distance runner, she has been a coach and mentor for Fleet Feet Roanoke’s No Boundaries beginner running programs and served as the founding race director for Four On The 4th, a charity foot race to benefit Boys & Girls Clubs of Southwest Virginia.
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