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Property profile & analytics
OFF-MARKET
Auto shops

1622 12th St Lynchburg, VA 24501-1952

3,691 SF 0.46 ac lot Built 1959
Individually Owned 6-yr Hold Absentee Owner Free & Clear
Property ID
US87-1670795
Property summary
AI-generated overview

This exceptional commercial property, situated on a highly visible 0.46-acre lot at 1622 12th Street in Lynchburg, Virginia, presents a unique investment opportunity. The property encompasses a total of 3,943 square feet and comprises three distinct buildings. The largest building, a 2,450-square-foot karate studio, offers ample space for a variety of fitness or recreational uses. A second building, totaling 1,241 square feet, is currently configured as an auto shop, complete with two convenient roll-up doors for easy access and vehicle maneuvering. This building also includes a reception area, two restrooms, and an oil furnace. Finally, a smaller 252-square-foot office/storage building provides additional versatile space. The flexible zoning allows for a wide range of potential uses, making this property ideal for entrepreneurs and investors seeking a multi-faceted commercial venture. The property's prime location on 12th Street ensures high visibility and accessibility, attracting significant foot and vehicle traffic. This is a rare opportunity to acquire a well-maintained, multi-building commercial property in a thriving Lynchburg location. The asking price is $290,000.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1959
Total area 3,691 SF
Lot 0.46 ac (19,942 SF)
Zoning code B5
APN 026 02 001
UPID US87-1670795
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • TD's Auto Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Barbara Gardner · 6 yrs held
Barbara Gardner
since 2019
2 recorded transactions
2019
Price N/A
2007
Price N/A
Zoning & alternative use
B5 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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