1320 Wards Ferry RD, Lynchburg, VA 24502

$4,170,000
Property Type: Commercial Lot Size (sq. ft.): 806,731 Status: Closed
Current Price: $4,170,000 List Date: 10/16/2017 Last Modified: 9/21/2024

Overview

Description

Metal & Block industrial warehouse. Constructed in 1964 with addition in 1994. 16-30 foot ceilings, 100% sprinkled, gas space heat, 15,000 SF office. Building updates in 2013 including T8 lighting, multiple dock loading. Strong national tenant for 30+ years. Triple net 5 year lease expiring 7/31/22 with 5 year option. Current gross income $470,083. Near Liberty University. 1306 Wards Ferry RD with 3.6 acres sold with property..

Listing Details MLS# 842243

Location, Tax & Legal

Area
1900 - City of Lynchburg
Street Number
1320
Street Name
Wards Ferry
Street Suffix
RD
State/Province
VA
Zip Code
24502
Municipality
City of Lynchburg
Major Area
19 - City of Lynchburg
Legal
SIMPLIMATIC, TWO PTS LOT B
Tax ID
25703009 & 25703123
Annual Taxes
37228
Zoning Code
I-2

General Property Description

Construction Status
Completed
Year Built
1964
Total Acreage
18.52
Road Frontage
706.65
Flood Area
No
Gross Lot SqFt
652093
On site Parking
Yes
Gross Building SqFt
144663
Office SqFt
15000
Warehouse SqFt
129663
Lease Available
No
Basement Y/N
No
Water Class
N/A

Status Change Info

Ratified Contract Dt
2018-03-19
Sold Date
2018-12-17

Business Type

Type of Business (Historical Field)
Industrial Warehouse

Remarks & Misc

Public Remarks
Metal & Block industrial warehouse. Constructed in 1964 with addition in 1994. 16-30 foot ceilings, 100% sprinkled, gas space heat, 15,000 SF office. Building updates in 2013 including T8 lighting, multiple dock loading. Strong national tenant for 30+ years. Triple net 5 year lease expiring 7/31/22 with 5 year option. Current gross income $470,083. Near Liberty University. 1306 Wards Ferry RD with 3.6 acres sold with property..
Directions
US Route 460E, take US 29 N, merge onto Wards Road, left onto Wards Ferry Road.

More Information

Limited Service

Not Limited Service
Yes

Construction

Block
Yes
Metal Siding
Yes

Commercial Type

Industrial
Yes

Sale Includes

Building & Land
Yes
Additional LND Avail
Yes

Heating

Natural Gas
Yes

Income & Expenses

Gross Income
470083
Gross Expenses
36500

Water Description

Public
Yes

Documents Available

Survey
Yes

Sewer Description

Public Sewer
Yes

Manufactured Homes

No HUD Tag
Yes

Roof System

Metal
Yes

Floors

Concrete
Yes

Additional Features

Loading Docks
Yes
Overhead Door
Yes

Property Features

Limited Service: Not Limited Service Commercial Type: Industrial Sale Includes: Building & Land; Additional LND Avail Construction: Block; Metal Siding Roof System: Metal Heating: Natural Gas Floors: Concrete Manufactured Homes: No HUD Tag Additional Features: Loading Docks; Overhead Door Water Description: Public Sewer Description: Public Sewer Documents Available: Survey
Listing Office: MKB, REALTORS®
Last Updated: September - 21 - 2024
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