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Historical Tobacco Warehouse Opportunity

107 13th St Lynchburg, VA 24504

107 13th St, Lynchburg, VA, 24504
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45,000 SF downtown Lynchburg warehouse with development potential.

Property Size45,000 SF
Price / SF$57.56
AddedMay 23
Days on Market55
Last RefreshJul 14 at 11:02 am

Property Features for 107 13th St

General Information

Standard status
Active
Size
45,000 SF
Property subtype
Retail, Land, Self Storage

Building Details

Year Built
1899

Listing office Coldwell Banker Forehand & Co Realtors

Listing date May 23, 2026

Source Crexi

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 Coldwell Banker Forehand & Co Realtors


Investment Insights

Based on property information with market context.

This 45,000-square-foot, two-story warehouse is located in downtown Lynchburg. The building, one of the last historical tobacco warehouses in the area, spans an entire block from 12th to 13th Street, fronting Commerce Street. It features 35-foot ceilings lined with skylights, four garage doors, a full kitchen, three and a half bathrooms, and one full bath. The property has three addresses and includes a huge storage space. Currently used as an estate furniture retail shop, the building has previously served as an interior design studio, real estate office, wine lounge, and events venue. A multifamily residential development plan has been designed, including a floor plan with conceptual renderings. Other potential uses include a storage facility or a large indoor parking garage. Historical tax credits may be available.

Key Highlights

  • 45,000 sq ft warehouse in Downtown Lynchburg with development potential.
  • Historical tobacco warehouse with potential for Historical Tax Credits.
  • Includes Multifamily Residential Development Plan with floor plan and Conceptual Renderings.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $351.0k $7.80
− Vacancy −$26.3k −$0.59
EGI $324.7k $7.22
− OpEx −$97.4k −$2.16
NOI $227.3k $5.05
45,000 SF · lease $7.80/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use
Retail
$7.80M
$6.83M – $9.10M (±1% cap)
NOI $546,021 @ 7.0% cap · market cap 21.08%
Second Best
Mixed Use
$4.88M
$4.27M – $5.69M (±1% cap)
NOI $341,550 @ 7.0% cap · market cap 13.19%
Theoretical Best
Office A
$13.33M
$11.66M – $15.55M (±1% cap)
NOI $933,120 @ 7.0% cap · market cap 36.03%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Moyanne Real Estate Real Estate Agency Interiors By Moyanne Interior Design

Suggested Use

Dental Office Building Supply Big Box & Wholesale Store Storage Facility Kitchen & Bath Showroom Pharmacy Electrical Service Skin Care Clinic Nail Salon Real Estate Agency

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

FAQs

What type of property is this?
Retail space - 45,000 SF downtown Lynchburg warehouse with development potential.
Where is this retail space located?
The property is located at 107 13th St Lynchburg, VA.
What is the asking price?
The asking price for this property is $2,590,000.
What are key features of this property?
This property features: 45,000 sq ft warehouse in Downtown Lynchburg with development potential.; Historical tobacco warehouse with potential for Historical Tax Credits.; Includes Multifamily Residential Development Plan with floor plan and Conceptual Renderings.
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