Lynchburg, VA Apartment Buildings for Sale

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1000 Villa Road

Lynchburg, VA 24503

Multi-Family

$850,00030,600 SF

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.

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1501 Kemper Street

Lynchburg, VA 24501

Multi-Family

$700,00019,433 SF

All brick, fully leased multi use 4 story building with apartments and a auto repair shop on the first floor. Large loft style apartments. Close to Route 29 bypass. the building has 19,592 square feet ( 4, 998 sq ft per floor). Property also includes adjacent parking lot and approximately one acre of buildable land

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301 Rivermont Avenue

Lynchburg, VA 24504

Multi-Family

$775,00019,254 SF

Historic ( 1915) all brick apartment with 22 , 2br apartments one bath small kitchens in rough shape but easy to renovate. Great location for low income or market rate apartment. Plenty of parking and a wooden garage. Building is vacant because of dispute with former tenant that has been resolved

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1503 Grace Street

Lynchburg, VA 24504

Multi-Family

$1,495,00050,140 SF

Historic property. The first hospital in Lynchburg built in 1883 and added on to in 1921 by the Masons. Most recently uses ad a nursing home but could be renovated a market rate apartments or as assisted living. It would also be ideal for a Dormitory for a school or College. VACANT

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41 Cabell Street

Lynchburg, VA 24504

Multi-Family

$795,00045,000 SF

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

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56 9th Street

Lynchburg, VA 24504

Multi-Family

$285,00019,433 SF

VACANT 19,433 square foot building adjacent to Riverviews Artspace, an historic warehouse that has been converted to residential condos. There are existing plans to built out this shell building into 2 retail stores and 9 apartments. The building needs a complete renovation and may qualify for historic tax credits. We call this the Toy Store Building because is is just across the street from Amazement Square, one of the finest inter active Children's Museum on the East Coast . Over 200,000 people visit it per year. It would be a great location for a Toy Store or could be built out as loft apartments

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2244 Rivermont Avenue

Lynchburg, VA 24503

Multi-Family

$699,00037,146 SF

PRICE REDUCED! Historic (built in 1921) 37,146 square foot building in 2.6 prime acres with great potential for around 30 apartments, boutique hotel or private school. Was used most recently as Virginia School of the Arts school building. Adjacent to Riverside Park. It is solid masonry and has lots of parking. Zoned R-3. Property is vacant and needs complete restoration but, could be eligible for Historic tax credits of 45%

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1125 Lakeside Drive

Lynchburg, VA 24501

Multi-Family

$1,550,00045,000 SF

48 units (47 @ 2Bedroom; 1 @ 1Bedroom); 3-story brick buildings. Units were built in 1974 but current owner has done significant improvements to the property in recent years. Approximately 45,000sf total. On-site laundry facilities for additional income. Site is approximately 1.6acres with +/- 54 paved parking spaces and potential for more parking. Property is under new management with significant results in occupancy and cash flow. Parking lot has been repaved, new hardiplank trim, new floor coverings in common areas (April 2012).

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1664 Graves Mill Road

Lynchburg, VA 24502

Multi-Family

$775,0009,999 SF

Prime Development Tract - Great location on Graves Mill Road. Property consists of 11.6 acres +/- to include an 8-unit apartment complex located in the front facing Graves Mill Road. Property is zoned B-1 with CUP for 50 townhomes. Rear 10 acres with approved site plan can be purchased separately for $400,000. Income & Expense statements are available.

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105 Capital Street

Lynchburg, VA 24502

Multi-Family

$2,400,00028,000 SF

This offering consists of 28 condominium units all located within the same building. Offers a unique opportunity to continue leasing as rental units or investor can sell units individually as desired. Priced only as a package of 28 units with additional units available. Market price of the individual units exceeds $2,900,000 based on recent sales of individual units within the same development, which provides considerable upside potential. COA covers all exterior maintenance, trash, water, grounds, exterior lighting. Excellent rental history. Property could be converted back to an apartment complex if desired.

Lynchburg, VA Apartment Buildings for Sale

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