6 Acre Development Opportunity on Leesville Rd

Lynchburg, VA


532-536 Leesville Rd
Lynchburg, VA 24502


Live auction at:
Homewood Suites by Hilton
4021 Wards Rd, Lynchburg, VA
Online and phone bidding available.

Prime Residential Development Opportunity in Lynchburg

  • 5.88 acres nicely situated on Leesville Rd just off Timberlake Rd near Heritage Elementary and Heritage High School
  • Popular area for new residential and commercial development
  • Convenient to the Lynchburg Expressway and Liberty University
  • Zoned R-3 Medium Density Residential
  • Public water and sewer
  • Parcel ID 24809005 (2.83ac) & 24809010 (3.045ac). A 20' paper street divides the two parcels
  • 395' + of road frontage on Leesville Rd
  • (2) homes for rental income until developed
    • 532 Leesville Rd: 1,563 sq.ft. brick ranch
    • 536 Leesville Rd: 2,371 sq.ft. brick ranch with full basement and large deck
  • Rear of property toward Misty Mountain Rd is nicely wooded in mature hardwoods and pine


  • Wed, Mar.1 from 12-2pm
  • Thu, Mar.9 from 12-2pm
  • Mon, Mar.13 from 4-6pm
  • Private tours available other days by appointment
  • Self-guided tours ok during daylight hours


  • Timberlake Rd to Leesville Rd (at Heritage Elementary School). Quarter mile on right (just after Beulah Baptist Church).


  • 10% deposit due day of sale by cash or good check. Closing on or about 30 days. 5% buyer's premium. Sells absolute to the highest bidder.  Click on "Terms" tab for full terms and conditions.

Terms: Property sells "AS-IS" without warranties of any kind. Potential Buyers must perform such independent investigations with respect to the Property as they deem necessary to verify information provided by Auction Company.

Warranty: All information provided by Auction Company is deemed reliable but is not warranted. The information provided by the Auction Company is subject to verification by all parties relying on it. No liability for its accuracy, error or omission is assumed by the Auction Company.

Title: Seller will convey title by General Warranty Deed free and clear of all liens.

Registration: Bids will be accepted only from registered bidders. On-site registration begins at 11:30AM day of sale. You may also pre-register on our website or phone app.  Deadline for phone and online bidding registration is 6PM EST on the day prior to the auction. A valid form of identification (i.e. driver's license) may be required to register onsite or online.

Online Bidding: Online bidding is available for your convenience. However, due to the technical nature of online bidding, bidder acknowledges that this service may or may not function correctly the day of the auction. Torrence, Read, & Forehand Auctions will not be responsible for missed bids from any source. Online bidders who desire to make certain their bid is acknowledged should use the prebidding function and leave their maximum bid 24 hours before the auction begins. Winning bidders will be notified by email and/or phone and receive instructions for signing the Contract of Purchase (must be returned within 24 hours) and submitting the Deposit (see below).

Announcements: Announcements made on day of sale take precedence over all prior communications, both verbal and written, concerning the sale of the Property.

Approval: Property will sell absolute to the highest bidder.

Buyer's Premium: A 5% buyer's premium will be added to the high bid to determine the final sales price.

Deposit: Deposit equal to 10% of final contract price (bid price plus buyer's premium) due day of sale by cash or good check. Online bidders may overnight deposit or wire transfer funds so it is received within 2 business days.

Closing: Balance of Purchase Price shall be due at closing on or about 30 days after the sale.

Agency: The auction company and its representatives represent the sellers.