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    634 Lynn St Danville, VA 24541

    Sponsored
    For Lease
    $4 SF/Yr ($3,400 /Mo)

    10,200 SF Retail/Restaurant Space Available

    Lot size:
    10,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 10,200 square foot single-tenant space, located at 634 Lynn Street in Danville, Virginia's vibrant River District, presents a unique opportunity. Built in 1900, this Class C property, currently vacant, offers immense potential for a variety of uses. Its previous configuration as a warehouse/garage makes it ideal for adaptive reuse. Imagine transforming this space into a captivating entertainment venue, a trendy restaurant, or maintaining its industrial character. For an entertainment concept, the existing structure could be modified by removing the second floor to create a loft or balcony area, and portions of interior walls could be removed to achieve an open floor plan. The property features no elevators. This prime location in the River District offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a distinctive space with significant upside. The property's size and layout provide ample room for creative design and customization to suit a wide range of business needs. The address is 634 Lynn St, Danville, VA 24541. A virtual tour is available online.

    Property Features for 634 Lynn St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,200 SF
    Class
    C
    Total Rate
    3400

    Building Details

    Year Built
    1900

    Unit(s) available at that property

    Space
    Size
    13,600 SF
    Rate per SF
    $4
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Danville City
    State
    Virginia
    Longitude
    -79.38579423823
    Latitude
    36.583182897789

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    FAQs

    What type of property is this?
    Restaurant - 10,200 SF Retail/Restaurant Space Available
    Where is this restaurant located?
    The property is located at 634 Lynn St Danville, VA.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    Request Owner's contact information
    634 Lynn St Danville, VA 24541
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    Danville, VA 24541
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    634 Lynn St Danville, VA 24541
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