Kemper Street Mixed-Use
For Sale
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1415 Kemper St, Lynchburg, VA 24501
Multifamily and retail components occupy a historic-district assemblage with additional development potential.
Property Size80,250 SF
Lot Size4.68 Acres
Days on Market142
Property Features for 1415 Kemper St
General Information
Standard status
Active
Size
80,250 SF
Lot size
4.68 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
104
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Hampton Roads
Listed By:
Altay Uzun · License #VA 0225214405
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 3:22PM
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 Marcus & Millichap - Hampton Roads
Investment Insights
Based on property information with market context.
This mixed-use portfolio includes 104 multifamily units and 20 retail units across a 4.68-acre assemblage. The residential inventory includes studio, one-bedroom, two-bedroom, and three-bedroom apartments, with some existing units measuring up to 2,500 square feet. Approximately 80,250 square feet of commercial space is included within the property.
Located in the Diamond Hill Historic District, the property qualifies for federal and state historic tax credits for development, along with a city tax abatement program. The existing commercial area also offers the stated possibility of creating additional residential units, while larger apartments may be divided into multiple units.
Located in the Diamond Hill Historic District, the property qualifies for federal and state historic tax credits for development, along with a city tax abatement program. The existing commercial area also offers the stated possibility of creating additional residential units, while larger apartments may be divided into multiple units.
Key Highlights
- 104 multifamily units and 20 retail units
- Approximately 80,250 square feet of commercial space
- 4.68‑acre assemblage in the Diamond Hill Historic District
Property Analytics
Property Profile
Current Use
Lease Details
104
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
604
Businesses Nearby
Explore this area
Business Placement
Demographics for 24501, VA
27,160
Population
12,157
Households
2.2
Avg Household Size
33
Median Age
25%
College-Educated
87%
High-School Grad
36.3 sq mi
ZIP Area
748
Density / Sq Mi
$45,305
Median Household Income
$28,790
Median Earnings
$936
Median Rent
$155,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multifamily and retail components occupy a historic-district assemblage with additional development potential.
Where is this mixed-use property located?
The property is located at 1415 Kemper St Lynchburg, VA.
What are key features of this property?
This property features: 104 multifamily units and 20 retail units; Approximately 80,250 square feet of commercial space; 4.68‑acre assemblage in the Diamond Hill Historic District
