819 Main St, Lynchburg, VA 24504
7,590 SF | 100% Leased | Retail Building | Lynchburg, VA 24504 | $1,189,000 ($157/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,189,000
- Property Type
-
Retail
- Square Feet
- 7,590 SF
- Price / Square Foot
- $157
Listing Contacts
Ricky Read
Verified Profile
Luke Dykeman
Verified Profile
- Property Info
Property Overview
Investment Sale - Downtown Mixed-Use
5 - Luxury Loft Units - 100% Leased; 1 - Commercial Space - Leased; 1 - Wells Fargo ATM - Leased
Great adaptive re-use project fully completed in 2017. The property features 5 loft units, varying in size and layout. The 7,590 sq. ft., 3 level building was originally built in 1880 and housed several retailers and uses over the years. There is an 1,800 sq. ft., street level, retail/office space and mezzaine seating area that overlooks Main Street. A 3 year lease is in place starting 4/1/2024. All major mechanical, electrical, plumbing and roofing components are 2017 or newer. A future buyer can also take advantage of reduced real estate taxes through June, 2031.
5 - Luxury Loft Units - 100% Leased; 1 - Commercial Space - Leased; 1 - Wells Fargo ATM - Leased
Great adaptive re-use project fully completed in 2017. The property features 5 loft units, varying in size and layout. The 7,590 sq. ft., 3 level building was originally built in 1880 and housed several retailers and uses over the years. There is an 1,800 sq. ft., street level, retail/office space and mezzaine seating area that overlooks Main Street. A 3 year lease is in place starting 4/1/2024. All major mechanical, electrical, plumbing and roofing components are 2017 or newer. A future buyer can also take advantage of reduced real estate taxes through June, 2031.
Property Details
- Class
- C
- Year Built/Renovated
- 1880/2017
- Stories
- 3
- Property Subtype
- Storefront Retail/Office, Loft/Creative Space, Office Live/Work Unit
- Lot Size (sq. ft)
- 3,049 SF
Highlights
- Investment Sale - 100% Occupied
- Downtown Mixed-Use
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