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    408 Federal St Lynchburg, VA 24504

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    For Lease
    $699,000

    8,144 SF retail building adaptable for various uses.

    Property size:
    8,144 SF
    Lot size:
    0.81 Acres

    Property Features for 408 Federal St

    General Information

    Size
    8,144 SF
    Lot size
    0.81 Acres

    Source: Gentry Commercial Real Estate, Inc Agent Christopher Gentry

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

    Overview

    Retail Building in Opportunity Zone

    This 8,144 square-foot building, constructed in 2016, was formerly a Family Dollar. Situated on a 0.807-acre corner parcel at the roundabout intersection of Fifth Street and Federal Street, the property features a paved parking lot with 25 spaces and 400A, 3-phase electrical service. It is served by public water and sewer. The building is located across from the Centra Health 5th Street Community Health Center, the Centra PACE facility, and the Johnson Health Center, near downtown Lynchburg. The property is adaptable for a variety of uses and is located within an Opportunity Zone, Enterprise Zone, and Revitalization Zone.
    Insight Report Location Intelligence

    Current Use by Public Records

    Family Dollar Dollar Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg
    State
    Virginia
    Longitude
    -79.1507853
    Latitude
    37.4155047

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    FAQs

    What type of property is this?
    Retail space - 8,144 SF retail building adaptable for various uses.
    Where is this retail space located?
    The property is located at 408 Federal St Lynchburg, VA.
    What are key features of this property?
    This property features: - Located within an Opportunity Zone, Enterprise Zone, and Revitalization Zone.; - Adaptable 8,144sf building constructed in 2016.; - 0.807ac corner parcel at roundabout intersection of Fifth St. & Federal St.
    (434) 485-8900
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    408 Federal St Lynchburg, VA 24504
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    Lynchburg, VA 24504
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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
    408 Federal St Lynchburg, VA 24504
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