Property profile

1120 Main St Lynchburg, VA 24504

OFF-MARKET
Turn key restaurants
Property ID
US87-1597518
6,600 SF 0.05 ac lot Built 1914
Trust Owned 15-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1914
Construction FRAME
Total area 6,600 SF
Lot 0.05 ac (2,004 SF)
Zoning code B4
APN 024 65 014
UPID US87-1597518

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
  • Restaurant
  • Financial Advisor Insurance Agency

Location

1120 Main St Lynchburg, VA 24504-1721
Lynchburg metro Census 500 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2010
1 recorded transaction
2010
$339,278

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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