Multi-Tenant Buildings - Downtown Lynchburg
701-703 5th Street, Lynchburg, Virginia 24504
Sold: $475,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
4,526 sqft
Land Size
0.13 acres
Sewer
City
Water
City
Zoning
B-4, Urban Commercial
Electric
200 Amp service in each unit
Year Built
1885
Roof
Membrane
Parking
On-site and on-street parking
Year Renovated
2022
Property Description
Two adjoining buildings being sold as one offering. 4 separate units- 2 commercial units on main level and 2 residential units on second floor. Both commercial units are 1,235sf each. One residential unit is 2BR/1BA (1,235sf) and the other is 1BR/1BA (821sf).
There are 5 paved parking spaces on-site and additional on-street parking is available. Property has a great rental history with upside potential.