Address
514 5Th Street Lynchburg, VA
Price
$ 565,000
Property Attributes
  • MLS#327229
  • TypeCommercial
  • CountyLYNCHBURG
  • CityLynchburg
  • AreaLynchburg
  • Zip24504
  • StyleCommercial/Indust
  • Year Built1883
  • Taxes2813
  • Price$ 565,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5920
  • Lot Size9,583 SqFt
Listing Provided Courtesy Of:
Consensus Real Estate Service,
Property Description

Investors take note, fully leased mixed-use building on flourishing 5th Street. Totally renovated with leases running through Spring and Summer of 2021. Sale includes adjoining parking lot and driveway at 508 Madison Street for Multi-Street Access. Property has off and on street parking, exposed brick and rustic plaster walls throughout the building. The back of building commercial/studio apartment space is an open concept with new kitchen and bath in 2014. This unit also features outdoor living space. Concrete, tile & raised wood floors, Painted brick walls, 2 large bay doors, high ceilings and industrial sky light compliment the thriving experiential wine shop at the rear of the property. Studio apartment 2nd floor front of building is an open concept with separate bathroom (with new stackable full size W/D) and walk-in closet. Distressed and exposed brick walls, Wood & tile floors, 4 large arched top windows are perfect for the successful high-end retail.

Price History
9/16/2020 Listed $565,000

General Features

Ceiling Height 0.00
Cooling Heat Pump
Flooring Concrete, Wood, Laminate
Water Heater Electric

Interior Features

Heat Type Heat Pump

Exterior Features

Latitude 0.000000
Longitude 0.000000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • 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 $870K
$570K
Taxes
AVG $4,004
$2,813
Visits
AVG 13
4
Year Built
AVG 1889
1883
Walkscore
AVG 74
76
Data Provided by Walkscore ® not using MLS data

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