Multi-Building Automotive and
1622 12th St Lynchburg, VA 24501
For Sale
Contact for pricing
Pending
Three building complex includes a karate studio, an auto shop with roll-up doors, and an office/storage building.
Property Size3,943 SF
Days on Market704
Property Features for 1622 12th St
General Information
- Standard status
- Pending
- Size
- 3,943 SF
- Property subtype
- Industrial, Mixed Use
Listing Agency:
Coldwell Banker Commercial Read & Co.
(434) 944-3920
Listed By:
Luke Dykeman · License #VA
Source:
Crexi
Added: Aug 20, 2024
Changed: Jul 23
Last Checked: Jul 23 at 1:43PM
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 for-sale multi-building property totals approximately 3,943 sq. ft. and includes a 2,450 sq. ft. karate studio, a 1,241 sq. ft. auto shop, and a 252 sq. ft. office/storage building. The auto shop features (2) roll-up doors and includes a reception area, oil furnace, and (2) restrooms. The site is laid out to support multiple on-site uses within the same complex.
The property is described as being located on a highly visible portion of 12th Street in Lynchburg, VA. The available information also states the zoning allows for a wide variety of uses, which may support flexible tenant or buyer plans.
With distinct building configurations for studio, automotive service, and office/storage, the property offers multiple spaces within one ownership footprint. Additional details are available upon request.
The property is described as being located on a highly visible portion of 12th Street in Lynchburg, VA. The available information also states the zoning allows for a wide variety of uses, which may support flexible tenant or buyer plans.
With distinct building configurations for studio, automotive service, and office/storage, the property offers multiple spaces within one ownership footprint. Additional details are available upon request.
Key Highlights
- Three‑building commercial complex totaling approx. 3,943 SF on 12th Street in Lynchburg
- 2,450 SF karate studio building with reception area and (2) restrooms
- 1,241 SF auto shop with (2) roll‑up doors
Financial Insights For Flex RnD
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 | $37.9k | $9.60 |
| − Vacancy | −$2.3k | −$0.58 |
| EGI | $35.6k | $9.02 |
| − OpEx | −$12.5k | −$3.16 |
| NOI | $23.1k | $5.87 |
3,943 SF · lease $9.60/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Retail
$683.5K
$598.1K – $797.4K
NOI $47,844 @ 7.0% cap · market cap 17.40%
Second Best
Flex RnD
$330.4K
$289.1K – $385.5K
NOI $23,128 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,762 @ 7.0% cap · market cap 29.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
TD's Auto Repair
Auto Repair Shop
Similar Off Market Nearby
- Earls Discount Auto Services — 2603 Fort Ave, Lynchburg, VA 24501
- Star Quality Auto Body — 2560 Fort Ave, Lynchburg, VA 24501
- Mr. Tire Auto Service Centers — 2561 Fort Ave, Lynchburg, VA 24501
- Wayne's Muffler Shop — 2615 Fort Ave, Lynchburg, VA 24501
- Bee Line Towing & Transport — 2999 Fort Ave, Lynchburg, VA 24501
FAQs
What type of property is this?
Auto shop - Three building complex includes a karate studio, an auto shop with roll-up doors, and an office/storage building.
Where is this auto shop located?
The property is located at 1622 12th St Lynchburg, VA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Three‑building commercial complex totaling approx. 3,943 SF on 12th Street in Lynchburg; 2,450 SF karate studio building with reception area and (2) restrooms; 1,241 SF auto shop with (2) roll‑up doors
