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Historical Building with Redevelopment Potential
For Sale
Contact for pricing
Pending

400 5th St & Court St, Lynchburg, VA 24504

Up to 14,000 SF mixed-use building with historical significance.

Property Size14,000 SF
Days on Market726

Property Features for 400 5th St & Court St

General Information

Standard status Pending
Size 14,000 SF
Property subtype Mixed Use, Multifamily, Office, Retail, Special Purpose
Listing Agency: BLUE Realty Investments
Listed By: Michael Hendricksen · License #0225081551
Source: Crexi
Added: Aug 5, 2024 Changed: Jul 6 Last Checked: Jul 31 at 3:47PM

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 BLUE Realty Investments

Investment Insights

Based on property information with market context.

This mixed-use property, offering up to 14,000 square feet, presents a redevelopment opportunity. The building features great frontage and visibility, along with on-site parking. Historical tax credits may be possible. Most recently, the building was occupied by Vector Space. Constructed in 1927 for the Miller Tire and Battery Company, this building is one of the first automobile-oriented buildings in the district. The original portion of the building's first floor is constructed of hard-fired rusticated brick. A notable feature was a diagonal porte-cochere on its north corner, allowing drivers to access the business without exposure to the elements. This pass-through was supported by a single brick pillar on its northern corner. In the 1940s, the porte-cochere was infilled, and a second story was added. The property is located at 400 5th St & Court St, Lynchburg, VA 24504, within the Fifth Street Historic District.

Key Highlights

  • Up to 14,000 SF Available, Will Divide
  • Great Frontage and Visibility
  • On‑Site Parking

Property Analytics

Current Use

Cosmopolitan Barber Shop High School

Suggested Use

Top Pick Dental Office Skin Care Clinic Kitchen & Bath Showroom Storage Facility Electrical Service Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,312
Businesses Nearby

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

Market

Properties on Market for Mixed-use properties in Lynchburg

Jan
Feb
Mar
Apr
May
Jun

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Up to 14,000 SF mixed-use building with historical significance.
Where is this mixed-use property located?
The property is located at 400 5th St & Court St Lynchburg, VA.
What are key features of this property?
This property features: Up to 14,000 SF Available, Will Divide; Great Frontage and Visibility; On‑Site Parking
More about this property
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