Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings
Property profile & analytics

1112 Main St Lynchburg, VA 24504

  • Commercial real estate
  • 24,120 SF
  • 0.29 lot acres
For Sale
Last Sale
Dec 03, 2024
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US87-0497377
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • City Auditorium / Theater & Performing Art Venue / Music Venue

Property Details for 1112 Main St

Year built
1909
Construction
FRAME
Lot size
0.29 lot acres
Property size
24,120 SF
Zone code
B4
Property type
Commercial real estate
APN
024 65 005
APU
2465005

Description

This exceptional 24,120 square foot property, located at 1112 Main Street in Lynchburg, Virginia, presents a unique investment opportunity. Originally constructed in 1909 as the City Auditorium, this historic landmark boasts two 12,000 square foot stories, offering significant potential for adaptive reuse. The building's strong structural integrity is a key advantage, complemented by the availability of Historic Tax Credits, which can substantially reduce development costs. The property sits on a 0.29-acre lot in the heart of downtown Lynchburg, providing excellent visibility and accessibility. The existing structure includes an impressive indoor theater, already providing a strong foundation for a variety of potential uses. Envisioned uses include a boutique hotel, residential lofts, or an incubator space for entrepreneurs and small businesses. The building's design allows for easy conversion to three levels, maximizing usable space and offering considerable flexibility for future development. This is a rare chance to acquire a piece of Lynchburg's history and contribute to its vibrant downtown revitalization. The asking price is $695,000. Don't miss this chance to capitalize on the abundant opportunities this property offers.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $615,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,289,000
    Market price range: $995k - $3.67M
    AI Estimate
    $1,129,000
    Market price range: $806k - $3.13M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Lynchburg
County
Lynchburg City
State
Virginia
Longitude
-79.1402
Latitude
37.4129
CBSA code
31340
CBSA name
LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,453
$259,600
$465,400
$725,000
-
$259,600
$465,400
$725,000
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message