For Sale
$895,000

408 Federal StLynchburg, VA 24504

8,144 SF Retail Building, 0.81 Acres

Overview

Added:
Feb 3
Days on market:
60
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 Details for 408 Federal St

Property type
Square Feet
8,144 SF
Year Built
2016
Lot Size (sq. ft)
35,284 SF

Location Insight

City
Lynchburg
County
Lynchburg
State
Virginia
Latitude
37.4155
Longitude
-79.15079
408 Federal St, Lynchburg, Virginia

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408 Federal St
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