700 Block of Main St. | 709-715 Main St
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700 Block of Main St. 709-715 Main St
23,363 SF 100% Leased Retail Building Lynchburg, VA 24504 $749,500 ($32/SF)
Investment Highlights
- Invest in one of the few remaining office buildings along Main St which could be redeveloped into a mixture of street level retail and loft apartments
- Currently zoned B-4
Executive Summary
Property Features
• Four row commercial buildings available for sale totaling 23,363 SF along the 700 block of Main Street
• Located directly across Main Street from Genworth Financial headquarters’ office and in front of The Virginian boutique hotel (Curio – a collection by Hilton) consisting of 115 high end rooms
• Adjacent Multi-Level Parking Deck serves hotel, nearby retailers and offices
• Zoned B-4
• Invest in one of the few remaining office buildings along Main Street which could be redeveloped into a mixture of street level retail and loft apartments
• Sale Price: $749,500.00
• Four row commercial buildings available for sale totaling 23,363 SF along the 700 block of Main Street
• Located directly across Main Street from Genworth Financial headquarters’ office and in front of The Virginian boutique hotel (Curio – a collection by Hilton) consisting of 115 high end rooms
• Adjacent Multi-Level Parking Deck serves hotel, nearby retailers and offices
• Zoned B-4
• Invest in one of the few remaining office buildings along Main Street which could be redeveloped into a mixture of street level retail and loft apartments
• Sale Price: $749,500.00
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
23,363 SF
Building Class
C
Year Built
1964
Price
$749,500
Price Per SF
$32
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.23
Land Acres
0.24 AC
Opportunity Zone
Yes
Zoning
B4
Parking
3 Spaces (0.2 Spaces per 1,000 SF Leased)
Frontage
41 FT on Main St
Walk Score ®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 024-34-002 | Improvements Assessment | $317,800 |
| Land Assessment | $182,200 | Total Assessment | $500,000 |
PROPERTY TAXES
Parcel Number
024-34-002
Land Assessment
$182,200
Improvements Assessment
$317,800
Total Assessment
$500,000
-
George Lupton -
Norman Moon -
Cushman & Wakefield | Thalhimer
(434) 455-2306
x101
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700 Block of Main St. | 709-715 Main St
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