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45,000 sq ft building undergoing historic renovations in the construction of 47 loft style apartments, adjacent land parcel of .40 ac used for tenant parking, complete floor plan designs for multifamily development available upon request
Facility could be used as school or converted to an assisted living/nursing adult care facility or multi-family use. Seller will consider a joint venture for the development of the property.
Great Multi-Family site located in Lynchburg, VA consisting of 10.58 acres +/-. City of Lynchburg tax parcel #23804001. Site has easy access to Rt. 460 and Rt. 501 as well as Timberlake Rd., Graves Mill Rd. and Fort Ave. Lynchburg's main retail hub (Wards Rd.) is less than 2 miles away. Property lays well with public water and sewer available. Extensive road frontage. Property is zoned R-4 which permits 21.78 units per acre. Surrounding businesses and developments include Elks Lodge, Fun Quest, Pinkerton Chevrolet, Old Mill Townhomes, Mill Woods Apartments and Charley's Restaurant.
This is a great 3 unit building in Lynchburg, VA located next to the fire station. Total rent of $1,555 with 2 of the three tenants on Section 8 assistance. This building has been meticulously maintained and is in excellent condition. Owner pays for gas heat, common space lighting, and water/sewer, the total utility billing in 2014 was $3,480.00.