701 5th St, Lynchburg, VA 24504

Listing agent Chris Gentry

Listing office Gentry Commercial Real Estate Inc

Listing date Apr 2, 2025

Source Exprealty

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 Gentry Commercial Real Estate Inc

Report an issue

---

Overview

This offering consists of two adjoining buildings being sold as a single property. The property features a mix of commercial and residential spaces, with a total of four separate units. The main level contains two commercial units, each measuring 1,235 square feet. The second floor houses two residential units: one with two bedrooms and one bathroom, spanning 1,235 square feet, and another with one bedroom and one bathroom, covering 821 square feet. There are five paved parking spaces located on-site, complemented by additional on-street parking options. The property has a documented rental history and potential for increased rental income.

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

-79.15

Latitude

37.4156

Nearby Similar for Sale

• 

  $1,599,000

  6,000 SF

  Machine Shop with Included Equipment

  Fully operational machine shop with machines and business contents included, offering turn-key continuity for an automotive shop operator.

  1431 Waterlick Road, Lynchburg, VA 24501

  View Details
• 

  $399,900

  5,134 SF

  Lynchburg Commercial Building with Fenced Yard

  5134 sq ft flex building with multiple mezzanine levels.

  1819 Main Street, Lynchburg, VA 24504

  View Details
• 

  $995,000

  7,675 SF

  Redeveloped Office Building on Fort

  Three-story office building in high-traffic Lynchburg corridor.

  5200 Fort Ave, Lynchburg, VA 24502

  View Details
• 

  $1,250,000

  6,215 SF

  Lynchburg Commercial Property For Sale

  High-visibility commercial property with flexible zoning and ample parking.

  4001 Murray, Lynchburg, VA 24501

  View Details
• 

  $1,100,000

  9,341 SF

  Historic Beaux Arts Mixed-Use Property

  Unique mixed-use property in downtown Lynchburg, rich in history.

  1025 Church Street, Lynchburg, VA 24504

  View Details
• 

  $599,000

  3,900 SF

  Commercial Building on Timberlake Road

  Commercial building with two rental spaces available for sale.

  20936 Timberlake Road, Lynchburg, VA 24502

  View Details
• 

  $1,450,000

  9,737 SF

  Historic Inn with Event Space

  Boutique inn featuring rental suites and event space.

  404 Cabell Street, Lynchburg, VA 24504

  View Details
• 

  $899,000

  6,792 SF

  Lynchburg Multifamily Investment Opportunity

  Income-producing 8-plex near restaurants, businesses, and local colleges.

  1664 Graves Mill Road, Lynchburg, VA 24502

  View Details
• 

  $899,000

  6,792 SF

  Lynchburg Multifamily Investment Opportunity

  Income-producing 8-plex in high-traffic location with strong rental history.

  1664 Graves Mill Road, Lynchburg, VA 24502

  View Details
• 

  $149,900

  919 SF

  Office Flex Property with Parking

  Well-maintained office-flex building offers versatile zoning and front-and-rear parking for a range of business uses.

  196 Oakley Avenue, Lynchburg, VA 24501

  View Details
• 

  $349,900

  3,107 SF

  Multi-Room Office/Retail Building

  Versatile commercial building with reception area, 11 rooms, attached one-car garage, and front and rear parking—sold as-is.

  2317 Lakeside Drive, Lynchburg, VA 24501

  View Details
• 

  $179,900

  2,310 SF

  Versatile Lynchburg Office Space

  Office space with hardwood floors and convenient parking.

  3202 Memorial Avenue, Lynchburg, VA 24501

  View Details

FAQs

What type of property is this?

Mixed-use property - Two adjoining buildings with commercial and residential units for sale.

Where is this mixed-use property located?

The property is located at 701 5th St Lynchburg, VA.

What is the asking price?

The asking price for this property is $520,000.

What are key features of this property?

This property features: Two adjoining buildings being sold as one offering.; Four separate units: two commercial and two residential.; Two commercial units are **1,235sf each**.