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13-Unit Historic Loft Apartment Building

1009 Jefferson Street, Lynchburg, VA 24504

For Sale
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Converted warehouse apartments retain exposed brick, timber ceilings, and large industrial-style windows in a downtown riverfront setting.

Property SizeContact for details
Days on Market23

Property Features for 1009 Jefferson Street

General Information

Standard status Active
Property subtype Retail, Multifamily

Additional Details

Opportunity Zone Yes
Multifamily Units 13

Building Details

Construction brick masonry
Listing Agency: Colliers - Richmond, Virginia
Listed By: Martin Mooradian · License VA #0225271127
Source: Crexi
Added: Oct 19 Changed: Nov 8 Last Checked: Nov 8 at 5:18PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Richmond, Virginia

Rey
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Investment Insights

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This 13-unit apartment property occupies a former warehouse and features exposed brick, timber-framed ceilings, and expansive industrial-scale windows. The loft-style residences combine these historic architectural elements with functional apartment layouts. The property is designated within a federal Qualified Opportunity Zone.

At 1009 Jefferson Street in downtown Lynchburg’s River District, the building sits along the riverfront. Nearby destinations named in the property information include the James River Heritage Trail, Percival’s Island Natural Area, Bluffwalk, the Academy Center of the Arts, and several restaurants.

The property is offered for sale. The stated operational options include interior upgrades, lease-rate standardization, and utility reimbursement through a structured program.

Key Highlights

  • 13 apartment units in a converted warehouse
  • Exposed brick, timber‑framed ceilings, and expansive industrial‑style windows
  • Located in a federal Qualified Opportunity Zone

Property Analytics

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Lease Details

13
Residential units

Location Intelligence

Trade Area within ½ mile

1,267
Businesses Nearby

Demographics for 24504, VA

9,585
Population
5,206
Households
1.8
Avg Household Size
37
Median Age
24%
College-Educated
88%
High-School Grad
37.5 sq mi
ZIP Area
256
Density / Sq Mi
$50,739
Median Household Income
$34,265
Median Earnings
$998
Median Rent
$183,400
Median Home Value
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Converted warehouse apartments retain exposed brick, timber ceilings, and large industrial-style windows in a downtown riverfront setting.
Where is this apartment building located?
The property is located at 1009 Jefferson Street Lynchburg, VA.
What are key features of this property?
This property features: 13 apartment units in a converted warehouse; Exposed brick, timber‑framed ceilings, and expansive industrial‑style windows; Located in a federal Qualified Opportunity Zone
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