Restaurant and Bar
New
For Sale
Contact for pricing
1124 CHURCH ST LYNCHBURG VA 24504, Lynchburg, VA 24504
Restaurant and bar space in the B4 Urban Commercial District, located in Downtown Lynchburg’s Central Business District.
Property Size5,622 SF
Price / SF$231.23
Days on Market5
Property Features for 1124 CHURCH ST LYNCHBURG VA 24504
General Information
Standard status
Active
Size
5,622 SF
Property subtype
Retail, Hospitality
Zoning
B4
Building Details
Year Built
1953
Listing Agency:
Coldwell Banker Commercial Read & Co.
(434) 944-3920
Listed By:
Luke Dykeman · License #VA
Source:
Crexi
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 31 at 2:19PM
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 Commercial Read & Co.
Investment Insights
Based on property information with market context.
This restaurant and bar building is positioned for an owner-user or investment approach. The property is set up as a restaurant and bar, with flexible real estate use supported by B4 Urban Commercial District zoning, which allows for restaurant, retail, office, and entertainment.
Situated at 1124 Church St in Downtown Lynchburg’s Central Business District, the building is located in the heart of the city’s growing restaurant and entertainment corridor.
The building was constructed in 1953 and contains 5,622 SF, offering an existing hospitality-focused layout for qualified tenants or buyers seeking a downtown location with zoning flexibility.
Situated at 1124 Church St in Downtown Lynchburg’s Central Business District, the building is located in the heart of the city’s growing restaurant and entertainment corridor.
The building was constructed in 1953 and contains 5,622 SF, offering an existing hospitality-focused layout for qualified tenants or buyers seeking a downtown location with zoning flexibility.
Key Highlights
- 5,622 SF restaurant and bar building
- B4 Urban Commercial District zoning supports restaurant, retail, office, and entertainment
- Located in Downtown Lynchburg’s Central Business District
Financial Insights For Specialty Retail
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 | $101.2k | $18.00 |
| − Vacancy | −$3.7k | −$0.67 |
| EGI | $97.5k | $17.33 |
| − OpEx | −$24.4k | −$4.33 |
| NOI | $73.1k | $13.00 |
5,622 SF · lease $18.00/SF/yr · vacancy 3.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.04M
$913.6K – $1.22M
NOI $73,089 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,578 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,286
Businesses Nearby
6k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 86%
Electronics 14%
Virginia ABC
Groceries
5,102 visits/mo
0.1 miles
Metro by T-Mobile
Electronics
816 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant and bar space in the B4 Urban Commercial District, located in Downtown Lynchburg’s Central Business District.
Where is this conventional restaurant located?
The property is located at 1124 CHURCH ST LYNCHBURG VA 24504 Lynchburg, VA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 5,622 SF restaurant and bar building; B4 Urban Commercial District zoning supports restaurant, retail, office, and entertainment; Located in Downtown Lynchburg’s Central Business District
