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    Property profile & analytics
    FOR SALE
    Retail space

    408 Federal St, Lynchburg, VA 24504

    8,144 SF 0.81 ac lot Built 2016
    Entity Owned ~ Est. High Equity
    Property ID
    US87-1470048
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2016
    Total area 8,144 SF
    Lot 0.81 ac (35,153 SF)
    Zoning code B6
    APN 024 10 001
    UPID US87-1470048
    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
    • Family Dollar Discount Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $385k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $608k
    Blend (final) Blend
    $575k
    Owner & transaction history
    Ambrose Ashby Realty LLC
    Ambrose Ashby Realty LLC
    since 2026
    Last sale
    $650,000
    5 recorded transactions
    2026
    $650,000
    2020
    2016
    $1.9M
    2014
    $40,000
    2006
    Zoning & alternative use
    B6 · Lynchburg, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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