Address
501 Madison Street Lynchburg, VA
Price
$ 595,000
Property Attributes
  • MLS#324161
  • TypeCommercial
  • CountyLYNCHBURG
  • CityLynchburg
  • AreaLynchburg
  • Neighborhood1100 5Th street Corridor
  • Zip24504
  • StyleCommercial/Indust
  • Year Built1815
  • Taxes2000
  • Price$ 595,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5382
  • Lot Size6,534 SqFt
Listing Provided Courtesy Of:
eXp Realty-Bedford
Data Source:
Lynchburg MLS (LMLS)
Property Description

Investment opportunity -Historic tax credits available (this means you can get 45% back from your remodeling investment of this property by selling tax credits)So much Potential to be a Fabulous Events Venue, Tavern, Boutique Hotel, Multi Family, Restaurant, Beer Garden, Professional offices, or a combination . Inside capacity 200-234 plus outdoor deck and garden. 10' Tall Ceilings, doors & windows, Oversized Crown Moldings & Fireplace surrounds, Original Pine wood floors & staircases. A Charming Courtyard garden. Plenty of Parking across from property .

Price History
3/28/2020 Listed $500,000

General Features

Ceiling Height 11.00
Cooling Fans, Window Unit
Flooring Vinyl Tile, Wood
Roof Other
Water Heater Electric
Zoning B4

Interior Features

Heat Type Boiler/HP, Circulating Hot Wtr

Exterior Features

Latitude 0.000000
Longitude 0.000000
Total Parking 20

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 24504

Price
AVG $630K
$600K
Taxes
AVG $3,505
$2,000
Visits
AVG 39
37
Year Built
AVG 1890
1815
Walkscore
AVG 76
76
Data Provided by Walkscore ® not using MLS data

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