Commercial Building - Former Auto Sales
401 Oakley Avenue, Lynchburg, Virginia 24501
Sold: $550,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
9,820 sqft
Land Size
1.22 acres
Sewer
City
Water
City
Zoning
Business
Year Built
1980
Parking
Paved
Property Description
Total of +/- 1.22 acres comprised of two parcels. 9,820sf building on 0.902ac parcel at 401 Oakley Avenue and a separate 0.319ac parcel at 403 Eldon Street currently used as a paved parking lot. Property was previously used for automobile sales and service, but could be adapted for a variety of uses.
Adjacent properties at 301 Oakley Avenue and 342 Oakley Avenue can also be combined for a package sale.
Located near University of Lynchburg (formerly Lynchburg College) and the main medical hub of the Lynchburg MSA. Property is within an Enterprise Zone and a Revitalization Zone.