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408 Federal St Lynchburg, VA 24504

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For Sale
$895,000

8,144 SF Retail Building, 0.81 Acres

Property size:
8,144 SF

Property Features for 408 Federal St

General Information

Property type
Other commercial real estate
Square Feet
8,144 SF
Lot Size
35,284 SF

Building Details

Year Built
2016

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Listing Contact
Chris Gentry

Listing Agency: Gentry Commercial Real Estate Inc Listing Agent: Chris Gentry

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 8,144-square-foot freestanding retail building, constructed in 2016, presents a unique investment opportunity in Lynchburg, Virginia. Situated on a 0.81-acre lot at the highly visible corner of Fifth and Federal Streets, this property benefits from its strategic location along a major thoroughfare leading to the revitalized Lynchburg Downtown area. The building boasts 25 paved parking spaces, ensuring ample customer convenience. The property's robust infrastructure includes a 400A, 3-phase electrical service, along with access to public water and sewer. Its B-4 zoning designation offers considerable flexibility for a wide range of commercial uses, maximizing potential returns. Adding to its appeal, this property is situated within a designated Opportunity Zone, Enterprise Zone, and Revitalization Zone, providing significant tax advantages and incentives for investors. The building's modern construction and prime location, combined with the numerous economic development incentives, make this an unparalleled opportunity for savvy investors seeking a high-return commercial property in a thriving urban setting. The recent and ongoing redevelopment efforts in the surrounding area further enhance the long-term growth potential of this exceptional asset. This is a rare chance to acquire a well-maintained, strategically located commercial building in a dynamic and rapidly developing area of Lynchburg.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Family Dollar Discount Store

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Lynchburg
County
Lynchburg
State
Virginia
Longitude
-79.15079
Latitude
37.4155

FAQs

What type of property is this?
Commercial real estate - 8,144 SF Retail Building, 0.81 Acres
Where is this commercial real estate located?
The property is located at 408 Federal St Lynchburg, VA.
What is the asking price?
The asking price for this property is $895,000.
More about this property
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