1622 12th St Lynchburg, VA 24501-1952
This exceptional commercial property, situated on a highly visible 0.46-acre lot at 1622 12th Street in Lynchburg, Virginia, presents a unique investment opportunity. The property encompasses a total of 3,943 square feet and comprises three distinct buildings. The largest building, a 2,450-square-foot karate studio, offers ample space for a variety of fitness or recreational uses. A second building, totaling 1,241 square feet, is currently configured as an auto shop, complete with two convenient roll-up doors for easy access and vehicle maneuvering. This building also includes a reception area, two restrooms, and an oil furnace. Finally, a smaller 252-square-foot office/storage building provides additional versatile space. The flexible zoning allows for a wide range of potential uses, making this property ideal for entrepreneurs and investors seeking a multi-faceted commercial venture. The property's prime location on 12th Street ensures high visibility and accessibility, attracting significant foot and vehicle traffic. This is a rare opportunity to acquire a well-maintained, multi-building commercial property in a thriving Lynchburg location. The asking price is $290,000.
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TD's Auto Repair Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B5 · Lynchburg, VALynchburg. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.