Midtown Retail Location | 525 Alleghany Ave
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Midtown Retail Location 525 Alleghany Ave
4,760 SF Retail Building Lynchburg, VA 24501 $189,900 ($40/SF)
Investment Highlights
- Centrally located in Lynchburg City
- Flexible use for many businesses
- Large windows and attractive storefront
Executive Summary
Nestled in the heart of Lynchburg, this vacant retail store is a blank canvas awaiting a visionary entrepreneur. With numerous front windows allowing ample natural light, the space exudes potential for a vibrant and inviting storefront. The open floor plan provides versatility, ideal for customizing to suit a variety of business needs, from boutique shops to modern cafes. This was previously a market equipped with a full kitchen and has an electric grill and three sinks for cooking. The high ceilings and well-maintained infrastructure ensure a smooth setup, while the prime location guarantees a steady flow of foot traffic. With nearby parking and excellent visibility, this property is ready to be transformed into the next neighborhood hotspot, offering endless opportunities for growth and success.
Taxes & Operating Expenses (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$1,069
|
$0.22
|
Taxes & Operating Expenses (Actual - 2024)
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $1,069 |
| Annual Per SF | $0.22 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
4,760 SF
Building Class
C
Year Built
1960
Price
$189,900
Price Per SF
$40
Tenancy
Single
Building Height
1 Story
Building FAR
0.99
Land Acres
0.11 AC
Zoning
B5
Parking
10 Spaces (2.1 Spaces per 1,000 SF Leased)
Frontage
61 FT on Alleghany Ave
Amenities
- Pylon Sign
Walk Score ®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 012-13-082 | Improvements Assessment | $104,800 |
| Land Assessment | $15,300 | Total Assessment | $120,100 |
PROPERTY TAXES
Parcel Number
012-13-082
Land Assessment
$15,300
Improvements Assessment
$104,800
Total Assessment
$120,100
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Zach Willis -
Asia Watson -
KW Commercial
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Midtown Retail Location | 525 Alleghany Ave
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