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Property profile & analytics
FOR SALE
Commercial real estate

400 5Th St Lynchburg, VA 24504

8,556 SF 0.1 ac lot Built 1927
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US87-1551284
Property summary
AI-generated overview

This exceptional 14,000-square-foot retail property, located at 400 5th St & Court St in Lynchburg, Virginia (zip code 24504), presents a significant opportunity for businesses seeking high visibility and ample space. The entire building is currently vacant, offering a blank canvas for a single tenant to customize to their specific needs. The property boasts excellent street frontage and visibility, ensuring maximum exposure to potential customers. Convenient on-site parking is available for both employees and patrons. The building is classified as a single-tenant commercial property within Lynchburg City County. This location offers a strategic advantage for businesses seeking to establish a strong presence in a thriving area of Lynchburg. The property's size allows for flexibility, with the possibility of dividing the space to accommodate multiple smaller tenants (though currently listed as a single-tenant space). Interested parties are encouraged to explore the potential of this remarkable retail space and its prime location in Lynchburg, Virginia. The property's coordinates are 37.4168045 latitude and -79.1471365 longitude. This is a rare opportunity to secure a substantial retail presence in a desirable Lynchburg location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1927
Construction FRAME
Total area 8,556 SF
Lot 0.1 ac (4,356 SF)
Zoning code B6
APN 024 20 006
UPID US87-1551284
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
  • Cosmopolitan Barber Shop High School
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$995k
CAP Approach CAP
$1.00M
Comparable Approach Comparable
by Request
Blend (final) Blend
$960k
Owner & transaction history
Big City One LLC · 2 yrs held
Big City One LLC
since 2023
Last sale
$925,000
2 recorded transactions
2023
$925,000
2010
$265,000
Zoning & alternative use
B6 · Lynchburg, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.5M +104.2%
Apartment house (5+ units) $1.2M +56.7%
Retail stores $1.0M +34.2%
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