Corner Lot Automotive & Mixed-Use
For Sale
$1,500,000
Pending
811 5th St, Lynchburg, VA 24504
Leased apartments and a garage workshop with multiple car lifts support flexible uses on a corner lot with long street frontage.
Property Size32,544 SF
Days on Market954
Property Features for 811 5th St
General Information
Standard status
Pending
Size
32,544 SF
Zoning
b-4
Additional Details
Business Included
Yes
Heavy Power
Yes
Multifamily Units
3
Building Details
Year Renovated
2018
Listing Agency:
eXp Realty LLC-Lynchburg
(434) 849-8597
Listed By:
Caroline Kay Crowder · License #0225242212
(434) 660-5234
Source:
Exprealty
Added: Feb 1, 2024
Changed: Aug 20
Last Checked: Sep 12 at 1:12PM
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 eXp Realty LLC-Lynchburg
Investment Insights
Based on property information with market context.
This versatile corner lot commercial property combines income-producing residential units with an automotive-oriented workspace. It includes currently leased apartments (one 2 bed/2 bath and two 1 bed/1.5 bath, with one unit currently being renovated) plus a large finished open area directly off a 132-foot street-front. The facility also features finished entertainment space and offices, an open garage workshop with multiple car lifts, and a lower level with compressors, additional bay doors, and an open area. Updates include efficient heating and cooling installed in 2018, a roof update in 2017, updated wiring system and panels, thermal glass windows on the front, and new windows throughout. The back parking lot is included as part of the property.
The site is located in Downtown Lynchburg and offers convenient access to both the street-front commercial space and the rear parking area. The depth of the property and the included back parking lot support day-to-day operations for automotive or mixed-use tenants.
For buyers and operators, the mix of residential apartments and flexible commercial/entertainment/office space can accommodate multiple business concepts within one footprint. The garage workshop configuration with car lifts, additional bay doors, and lower-level compressor space may also fit service, repair, or other automotive-related operations, while the mention of built-up roof potential and B-4 zoning provides a path to explore additional development opportunities.
The site is located in Downtown Lynchburg and offers convenient access to both the street-front commercial space and the rear parking area. The depth of the property and the included back parking lot support day-to-day operations for automotive or mixed-use tenants.
For buyers and operators, the mix of residential apartments and flexible commercial/entertainment/office space can accommodate multiple business concepts within one footprint. The garage workshop configuration with car lifts, additional bay doors, and lower-level compressor space may also fit service, repair, or other automotive-related operations, while the mention of built-up roof potential and B-4 zoning provides a path to explore additional development opportunities.
Key Highlights
- Corner lot commercial property in Downtown Lynchburg with long street frontage and back parking lot included
- Leased apartment units: one 2BD/2BA, two 1BD/1.5BA units, with one currently being renovated
- Large finished open area directly off a 132‑foot street‑front, plus finished entertainment space and offices
Property Analytics
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Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,303
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
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Similar Off Market Nearby
- Slayton's Automotive — 1959 Fort Ave, Lynchburg, VA 24501
- TD's Auto Repair — 1622 12th St, Lynchburg, VA 24501
- Mitchell's Towing and Recovery — 1700 12th St, Lynchburg, VA 24501
- Lynchburg Towing and Wrecker LLC — 1700 12th st, lynchburg, va 24501
- Maaco Auto Body Shop & Painting — 1100 Kemper St, Lynchburg, VA 24501
Frequently Asked Questions
What type of property is this?
Auto shop - Leased apartments and a garage workshop with multiple car lifts support flexible uses on a corner lot with long street frontage.
Where is this auto shop located?
The property is located at 811 5th St Lynchburg, VA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Corner lot commercial property in Downtown Lynchburg with long street frontage and back parking lot included; Leased apartment units: one 2BD/2BA, two 1BD/1.5BA units, with one currently being renovated; Large finished open area directly off a 132‑foot street‑front, plus finished entertainment space and offices
