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    1112 Main St Lynchburg, VA 24504

    For Sale
    $695,000

    Prime Downtown Lynchburg Redevelopment Opportunity

    Property size:
    24,120 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 24,120 square foot property, located at 1112 Main Street in Lynchburg, Virginia, presents a unique investment opportunity. Originally constructed in 1909 as the City Auditorium, this historic landmark boasts two 12,000 square foot stories, offering significant potential for adaptive reuse. The building's strong structural integrity is a key advantage, complemented by the availability of Historic Tax Credits, which can substantially reduce development costs. The property sits on a 0.29-acre lot in the heart of downtown Lynchburg, providing excellent visibility and accessibility. The existing structure includes an impressive indoor theater, already providing a strong foundation for a variety of potential uses. Envisioned uses include a boutique hotel, residential lofts, or an incubator space for entrepreneurs and small businesses. The building's design allows for easy conversion to three levels, maximizing usable space and offering considerable flexibility for future development. This is a rare chance to acquire a piece of Lynchburg's history and contribute to its vibrant downtown revitalization. The asking price is $695,000. Don't miss this chance to capitalize on the abundant opportunities this property offers.

    Property Features for 1112 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    24,120 SF
    Lot Size
    12,632 SF

    Building Details

    Year Built
    1909
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    City Auditorium Auditorium

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg
    State
    Virginia
    Longitude
    -79.14016
    Latitude
    37.41294

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Downtown Lynchburg Redevelopment Opportunity
    Where is this commercial real estate located?
    The property is located at 1112 Main St Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $695,000.
    (434) 384-8000
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1112 Main St Lynchburg, VA 24504
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