408 Federal St, Lynchburg, VA 24504
For Sale
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This exceptional 8,144-square-foot freestanding retail building, constructed in 2016, presents a unique investment opportunity in Lynchburg, Virginia. Situated on a 0.81-acre lot at the highly visible corner of Fifth and Federal Streets, this property benefits from its strategic location along a major thoroughfare leading to the revitalized Lynchburg Downtown area. The building boasts 25 paved parking spaces, ensuring ample customer convenience. The property's robust infrastructure includes a 400A, 3-phase electrical service, along with access to public water and sewer. Its B-4 zoning designation offers considerable flexibility for a wide range of commercial uses, maximizing potential returns. Adding to its appeal, this property is situated within a designated Opportunity Zone, Enterprise Zone, and Revitalization Zone, providing significant tax advantages and incentives for investors. The building's modern construction and prime location, combined with the numerous economic development incentives, make this an unparalleled opportunity for savvy investors seeking a high-return commercial property in a thriving urban setting. The recent and ongoing redevelopment efforts in the surrounding area further enhance the long-term growth potential of this exceptional asset. This is a rare chance to acquire a well-maintained, strategically located commercial building in a dynamic and rapidly developing area of Lynchburg.
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Family Dollar Discount Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
B6 · Lynchburg, VALynchburg. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.