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 mezzanine 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 Type(s):
Commercial
|
Last Updated
|
5/9/2024
|
Tract
|
Downtown-central Business Dist
|
|
Year Built
|
1880
|
County
|
Lynchburg
|
Price History
|
Prior to May 9, '24
|
$1,250,000 |
| May 9, '24 - Today |
$1,189,000 |
Additional Details
| APPLIANCES |
Electric Water Heater |
| LOT |
3049 sq ft |
| SEWER |
Public Sewer |
| SUBDIVISION |
Downtown-central Business Dist |
| TAXES |
8028 |
| WATER |
Public |
| ZONING |
B-4 |
Location
Listed with Coldwell Banker Commercial Read & Company
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2024.
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