CVTC Sale Brochure 6.8.26.pdf
PDF 3 MB Posted
- Attached to
- Real Property For Sale - Amherst
- Solicitation number
- RFP-122148
- Issued by
- Arlington County, Virginia
About this file
This is a commercial real estate sales brochure prepared by Jones Lang LaSalle (JLL) for the Commonwealth of Virginia, specifically for the sale of a 386-acre riverfront property located at 521 Colony Road in Madison Heights, Amherst County, Virginia. The property, formerly the Central Virginia Training Center, is a state-run residential mental health facility that ceased operations in 2020. The site encompasses approximately 90 buildings constructed between 1912 and 1989, totaling over 900,000 square feet with varying conditions and uses. The property is available for redevelopment and is suitable for nursing care, light industrial, and mixed-use development opportunities. The site features three-phase electric service, natural gas, water, and sewer availability, with demolition assistance offered as part of the sale. No specific response dates, bid deadlines, site visit schedules, or award dates are identified in the brochure.
The property qualifies as an Opportunity Zone and some structures may be eligible for historic tax credits through adaptive reuse. The brochure emphasizes the strategic location of the asset, positioning it within one day's drive of 40 percent of the nation's population, including major metropolitan areas between New York and Atlanta. The Lynchburg region is highlighted for its low cost of living, favorable tax policies, pro-business environment, and a regional labor market of 580,000 employees. Additional resources, including a concept plan and technical documentation, are available through the Amherst County Master Plan website at trainingcentermasterplan.com. Contact for further information is John Simmons at JLL, reachable at john.simmons@jll.com or 804-396-0642.
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Text version
For sale 386-Acre Riverfront Development Opportunity
521 Colony Road Madison Heights, VA This 386-acre site in Amherst County, Virginia, offers a prime redevelopment opportunity with extensive James River frontage and views of downtown Lynchburg. Established in 1910 as the Central Virginia Training Center, a state-run residential mental health facility, it ceased operations in 2020.
The property features approximately 90 buildings constructed between 1912 and 1989, totaling over 900,000 square feet with diverse uses and conditions.
Some structures and areas may be suitable for adaptive reuse, potentially qualifying for historic tax credits, while others are candidates for demolition to accommodate new construction.
Resources compiled by Amherst County including a concept plan and technical documentation are available at trainingcentermasterplan.com.
Highlights Appropriate for nursing care (93 COPN), light industrial, mixed-use Demolition assistance available Three-phase electric, natural gas, water and sewer available Opportunity Zone https://trainingcentermasterplan.com/resources/
Regional Highlights
Lynchburg Region voted #1 place for American millenials to move (2019) by Reviews.org
Low cost of living and taxes, plus pro-business policies create regjon of opportunity
40% of nation’s population falls within one-day drive (10 hours), including every major metropolitan area between NY and Atlanta miles from Interstate 81 (connecting North and South) Virginia regional airports, including connection to Charlotte
580k regional labor market (incl.
110k employees)
521 Colony Road Madison Heights, VA
110 miles to Richmond55 miles to Roanoke
149 miles to Raleigh
65 miles to Charlottesville
386 Acres Available for Redevelopment
Site Images
Site Images
Thank you About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 103,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY℠. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
John Simmons John.Simmons@jll.com m +1 804 396 0642 jll.com Jones Lang LaSalle Americas, Inc. License #: CO508577000 http://www.jll.com/
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