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408 Federal St

8,144 SF Retail Building Lynchburg, VA 24504 $895,000 ($110/SF)

Retail Space Virginia Lynchburg 408 Federal St, Lynchburg, VA 24504

Investment Highlights

  • Corner location near CBD
  • Opportunity Zone, Enterprise Zone, and Revitalization Zone location
  • Paved Parking Lot

Executive Summary

8,144sf building constructed in 2016 as a Family Dollar. 0.807ac corner parcel at roundabout intersection of Fifth St. & Federal St. Paved parking lot with 25 parking spaces. 400A, 3-phase electrical service. Property is served by public water and sewer. Located across from Centra Health 5th Street Community Health Center, the Centra PACE facility, and Johnson Health Center, near downtown Lynchburg. Building is adaptable for a variety of uses.
Property is located within an Opportunity Zone, Enterprise Zone, and Revitalization Zone.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
8,144 SF
Building Class
C
Year Built
2016
Price
$895,000
Price Per SF
$110
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Land Acres
0.80 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
B-4
Parking
25 Spaces (3.07 Spaces per 1,000 SF Leased)
Frontage
260 FT on Federal Street

Links

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408 Federal St, Lynchburg, VA - aerial map view - Image1
408 Federal St, Lynchburg, VA - aerial map view - Image2
Walk Score ®
Very Walkable (73)
Bike Score ®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 024-10-001 Improvements Assessment $1,343,500
Land Assessment $351,500 Total Assessment $1,695,000

PROPERTY TAXES

Parcel Number
024-10-001
Land Assessment
$351,500
Improvements Assessment
$1,343,500
Total Assessment
$1,695,000
(434) 485-8901

  • Listing ID: 34135005

  • Date on Market: 12/9/2024

  • Last Updated:

  • Address: 408 Federal St, Lynchburg, VA 24504

More public record information on 408 Federal St, Lynchburg, VA 24504

The Retail Property at 408 Federal St, Lynchburg, VA 24504 is currently available For Sale. Contact Gentry Commercial Real Estate, Inc. for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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408 Federal St
(434) 485-8901 x

408 Federal St

Christopher Gentry, SIOR

(434) 485-8901

(434) 485-8901

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