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2800-2822 Carroll Ave 59,710 sq ft 63% Let Industrial Property Lynchburg, VA 24501 £2,587,159 (£43.33/sq ft) 7.32% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Great location and its large size
- Conveniently located close to the new exit from 460.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
£106,901
|
£1.79
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£106,901
|
£1.79
|
| Taxes |
£4,462
|
£0.07
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£4,462
|
£0.07
|
| Net Operating Income |
£102,440
|
£1.72
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £106,901 |
| Annual Per sq ft | £1.79 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | £106,901 |
| Annual Per sq ft | £1.79 |
| Taxes | |
|---|---|
| Annual | £4,462 |
| Annual Per sq ft | £0.07 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Total Expenses | |
|---|---|
| Annual | £4,462 |
| Annual Per sq ft | £0.07 |
| Net Operating Income | |
|---|---|
| Annual | £102,440 |
| Annual Per sq ft | £1.72 |
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
- 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 sq ft | Industrial | Partial Fit-Out | Now |
Ground
| Size |
| 22,000 sq ft |
| Space Use |
| Industrial |
| Condition |
| Partial Fit-Out |
| Available |
| Now |
Ground
| Size | 22,000 sq ft |
| Space Use | Industrial |
| Condition | Partial Fit-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 | £816,607 (2025) |
| Land Assessment | £204,152 (2025) | Annual Taxes | £4,462 (£0.07/sq ft) |
| Improvements Assessment | £612,455 (2025) | Tax Year | 2023 |
PROPERTY TAXES
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2800-2822 Carroll Ave
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