Retail Space / Virginia / Lynchburg / 24501 / 301 Oakley Avenue

301 Oakley Avenue

Lynchburg, VA 24501

Listing ID: 203438

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$1,100,000

For Sale

Property Type Retail for Sale : Vehicle Sales/Service
Lot Size Acres 1.760
Building Sq Ft 22,988
Building Price per Sq Ft $47.85
Land Sq Ft 76,665
Land Price per Sq Ft $14.35

301 Oakley Avenue | for Sale | Thumbnail 2

Description

+/- 1.76 acres comprised of two parcels, 301 Oakley Avenue and 100 Hood Street. Property was originally used as an automobile dealership and service facility, but is adaptable for a wide variety of uses. Main building is approximately 17,308sf and secondary building is 5,680sf. Large paved parking area. Property fronts 4 city streets 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.
Two additional properties, 401 Oakley Avenue and 342 Oakley Avenue can be combined for a package sale.

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POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

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Listing Demographics for 301 Oakley Avenue Lynchburg, VA 24501

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		9,925	54,780	90,441
Population Median Age		31	35	36
Population by Age	0-9 Yrs	1112 (11%)	6319 (11%)	9933 (10%)
	10-19 Yrs	2301 (23%)	8785 (16%)	14516 (16%)
	20-29 Yrs	2454 (24%)	13705 (25%)	21606 (23%)
	30-39 Yrs	985 (9%)	5695 (10%)	8907 (9%)
	40-49 Yrs	894 (9%)	4933 (9%)	8554 (9%)
	50-59 Yrs	831 (8%)	5152 (9%)	8941 (9%)
	60-69 Yrs	773 (7%)	5082 (9%)	8681 (9%)
	70+ Yrs	575 (5%)	5108 (9%)	9305 (10%)

Median HH Income		$38,230	$42,038	$46,295
Total Household Income	< 24K	849 (28%)	5211 (27%)	7883 (24%)
	25-49K	978 (33%)	5921 (30%)	9186 (28%)
	50-74K	486 (16%)	3210 (16%)	5575 (17%)
	75-99K	375 (12%)	2421 (12%)	4342 (13%)
	100-199K	195 (6%)	1985 (10%)	4268 (13%)
	200K+	49 (1%)	379 (1%)	993 (3%)

Highest Education Level	No Diploma	670	4405	5899
	Diploma or GED	1510	8298	13348
	Some College	900	6292	10335
	Assoc. Degree	466	2474	4265
	Bachelors Degree	856	5513	10709
	Higher Degree	418	3530	7214

Total Housing Units		3,497	22,185	36,744
--Owner-Occupied		1,347	8,535	16,492
--Renter-Occupied		1,585	10,591	15,755
Owner-Occupied Values	< 100K	583	2697	3620
	100-199K	628	4022	7975
	200-299K	96	1178	2852
	300-399K	11	381	1012
	400-499K	0	64	399
	500K+	28	192	633

Total Working Age Population		8,088	44,985	74,749
In Work Force		4,745	26,542	43,823
Not In Work Force		3,344	18,443	30,926
Workforce Employed		4,457	24,676	41,148
Workforce Unemployed		272	1,761	2,559
Civlian Workforce		4,729	26,437	43,707
Military Workforce		16	105	116

Total Households		2,932	19,126	32,246
Family Households		1,726	10,812	18,721
Non-Family Households		1,206	8,314	13,525
Married Couple		973	6,798	12,639
Other Family		753	4,014	6,082
Married w/Child		411	2,365	4,383
Single Male w/Child		39	307	573
Single Female w/Child		337	1,807	2,595

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Virginia	7,078,515	+13	8,001,024	+8	8,655,021	+8	9,331,666
Amherst County	31,894	+1	32,353	-2	31,831	-1	31,402
Bedford County	60,371	+14	68,676	+15	79,241	+7	84,604
Campbell County	51,078	+7	54,842	+2	55,665	+3	57,325
Lynchburg city	65,269	+16	75,568	+10	82,791	+9	90,526

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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