1112 Main St Lynchburg, VA 24504

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.

Location Insight

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