3014 Memorial Avenue, Lynchburg, VA 24501
Lynchburg County
Key Facts
Description
PRIME COMMERCIAL OPPORTUNITY!!! Don't miss this rare chance to own a fully updated, move-in ready commercial property in the vibrant heart of Lynchburg, VA. 12,000 sq. ft. property with 6,000 sq. ft. designed to impress. This turn-key investment is ideal for restaurant owners and investors. All hard work has been completed for you! Step inside to find a completely renovated interior featuring granite countertops, high-end finishes, and a fully equipped commercial kitchen. Every detail has been thoughtfully designed to support seamless operations and provide an inviting atmosphere for guests. The building boasts beautiful new chandeliers ready to accommodate a high-end dining concept or a mixed-use business vision. An additional lot located directly behind the property offers potential for expansion or outdoor dining, adding significant flexibility and value for future development. Whether you're looking to open your next flagship restaurant or invest in a versatile commercial property with growth potential, this space offers endless possibilities.
Property Information
Property Type
Commercial Sale
Year Built
1947
Living Area
12,000 sq ft
Lot Size
0.17 acres
Ownership
Owner-User
Days on Market
216
MLS® Listing#
2531184
Property Features
Heating
Sewer
Water Source
Financial Details
Parcel Number
01210020
Affordability Calculator
$180,000
Estimated monthly payment
$4,790/mo
Principal $719,999 · Est. interest $1,004,463 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lynchburg, VA
- $375,000
- Median Listing Price
- 48
- Median Days on Market
- 1,892
- Median Sq Ft
- $153
- Median Price / Sq Ft
- 9
- Active Listings
- This home’s price is 140% above the area median.
- Its price per sq ft is 51% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lynchburg, VA.
Location
Points of Interest in Lynchburg, VA
Showing the Lynchburg area map.
Nearby Schools
New Vistas School
Elementary · 0.2 mi away
Thomas C Miller Elementary School
Elementary · 0.2 mi away
Montessori Children's House
Elementary · 0.7 mi away
E.C. Glass High School
Secondary · 0.7 mi away
Laurel Regional School
School · 0.7 mi away
Fort Hill Community School
School · 0.8 mi away
Perrymont Elementary School
Elementary · 1.1 mi away
Holy Cross School
Secondary · 1.1 mi away
Dearington Elementary School
Elementary · 1.2 mi away
Robert S. Payne Elementary School
Elementary · 1.2 mi away
Dunbar Middle School
Secondary · 1.5 mi away
William Marvin Bass Elementary School
Elementary · 1.6 mi away
Lynchburg City Schools
School · 1.8 mi away
Lynchburg Juvenile Detention Home
School · 1.8 mi away
Linkhorne Middle School
Secondary · 1.8 mi away
New Covenant Schools
School · 2.0 mi away
Hutcherson Early Learning Center
School · 2.0 mi away
Linkhorne Elementary School
Elementary · 2.0 mi away
Eastern Theological Seminary
School · 2.0 mi away
Sandusky Middle School
Secondary · 2.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1215 JEFFERSON ST 3W, LYNCHBURG, VA | $630,000 | 3 | 2 | 1,892 |
| 3515 RIDGECROFT DRIVE, LYNCHBURG, VA | $639,900 | 5 | 3 | 2,700 |
Moving Cost Estimate
EXIT Agents in Lynchburg
Listing Courtesy: Century 21 Realty @ Home - 4343951225
Presented by: Lanay Walker
Last Updated: 2025-11-10