925 Main St Lynchburg, VA 24504
- Commercial real estate
- 35,297 SF
- 0.18 lot acres
Current Use by Public Records
- Petty, Livingston, Dawson & Richards / Law Firm
- PLDR Law, PC / Law Firm
- Feinman Paul J / Law Firm
- Falcone John E / Law Firm
- Petty Livingston Dawson: Mooney Chad A / Law Firm
Property Details for 925 Main St
- Year built
- 1977
- Lot size
- 0.18 lot acres
- Property size
- 35,297 SF
- Zone code
- B4
- Property type
- Commercial real estate
- APN
- 024 50 014
- APU
- 2450014
Description
This exceptional commercial property, located at 925 Main Street in Lynchburg, Virginia, offers 37,000 square feet of versatile office space. Currently configured with a single suite, the building boasts a highly visible corner location at the intersection of Main and 10th Streets in the heart of downtown Lynchburg. The property benefits from its central location, with easy walking access to City Hall, the Court House, City Market, and numerous other businesses. The first floor is currently built out as a former branch bank, complete with a vault and safety deposit boxes, offering unique potential for a variety of uses. A significant advantage is the 1,875 square feet of vacant space available for immediate occupancy. Landlord-provided utilities and maintenance simplify operations, while tenants are responsible for phone, internet, and janitorial services. Importantly, the landlord is willing to renovate the space to suit a tenant's specific needs, making this a highly adaptable and attractive opportunity. The property is classified as both Commercial and Executive Office space, and the building sits on a lot that includes land. The zip code is 24504, and the property is situated in Lynchburg City County. Main Street now features two-way traffic, enhancing accessibility and visibility. This is a rare opportunity to secure a prominent location in a thriving downtown area.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,465,000
- 6.5%
- $4,120,000
- 7%
- $3,825,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,952,000
- AI Estimate
- $3,461,000
Market price range: $1.46M - $5.37MMarket price range: $1.18M - $4.58M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $3,080,000 Current use
- MEDICAL BUILDING
- $6,290,000 Change: +104% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $4,825,000 Change: +57% Conversion: Moderate
- RETAIL STORES
- $4,135,000 Change: +34% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Lynchburg
- County
- Lynchburg City
- State
- Virginia
- Longitude
- -79.1419
- Latitude
- 37.414
- CBSA code
- 31340
- CBSA name
- LYNCHBURG, VA METROPOLITAN STATISTICAL AREA