Property profile

1026 Main St Lynchburg, VA 24504

OFF-MARKET
Retail space
Property ID
US87-1814430
24,908 SF 0.15 ac lot Built 1885
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

Commercial building located in downtown Lynchburg at 1026 Main Street, situated on a high-traffic corridor. The property comprises over 24,500 square feet across three floors and sits on a 0.152-acre lot. Street level features large display windows suited to retail and showroom uses, and the building configuration supports restaurant use and mixed-use concepts. The upper floors provide river views and natural light with flexible layouts that can accommodate office use, hospitality uses, or potential residential and creative conversions. Zoning is B-4.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1885
Construction FRAME
Total area 24,908 SF
Lot 0.15 ac (6,621 SF)
Zoning code B4
APN 024 64 008
UPID US87-1814430

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Home Decor Store (Bike/Boat/Book/etc) Store

Location

1026 Main St Lynchburg, VA 24504-1712
Lynchburg metro Census 500 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$570k
CAP Approach CAP
by Request
Comparable Approach Comparable
$739k
Blend (final) Blend
$570k

Owner & transaction history

Zoning & alternative use

B4 · Lynchburg, VA
Zoning description

The B-4 district is intended to provide for a wide range of residential, commercial and other sales and service operations, serving the entire metropolitan area in downtown Lynchburg and other mixed use centers throughou…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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