Property profile

523 Lynn St Danville, VA 24541

OFF-MARKET
Retail properties & Spaces
Property ID
US87-1657526
19,474 SF Built 1909
Entity Owned 8-yr Hold
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Property summary

AI-generated overview

This exceptional commercial property, located in Danville, Virginia's vibrant River District at 523-525 Lynn St, presents a unique investment opportunity. The property, a former manufacturing building thoughtfully converted to mixed-use in 2020, boasts a total of 19,474 square feet across two buildings. Currently, eight individual commercial suites are available on the first floor, ranging in size from approximately 2,600 to 2,700 square feet, offering flexibility for various businesses. The building is classified as Class B and features convenient amenities including elevators. With 7,774 square feet currently vacant, this presents a significant opportunity for expansion or lease acquisition. The building's rich history, dating back to 1909, is complemented by modern updates from the 2020 renovation. The strategic location within the River District ensures high visibility and accessibility. The property's mixed-use nature includes 46 multi-family units on the upper floors, creating a dynamic and thriving community. This prime location in zip code 24541 offers a blend of historical charm and modern functionality, making it an ideal space for businesses seeking a unique and well-situated office environment. The property's multiple tenancy structure provides diverse income streams and potential for future growth. Contact us today to learn more about this exceptional opportunity.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1909
Total area 19,474 SF
UPID US87-1657526

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

523 Lynn St Danville, VA 24541
Danville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2017
1 recorded transaction
2017
$300,000

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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