925 Main StLynchburg, VA 24504

  • Other commercial real estate
  • 35,297 SF
For Lease

Property Details for 925 Main St

Year built
1977
Lot size
0.18 AC
Property size (Sq ft)
35,297 SF
Zone code
B4
Property type
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $6,039,034
    Hospitality
    $5,531,722
    Educational
    $4,602,328
    Medical
    $4,760,609
    Retail
    $7,159,177
925 Main St, Lynchburg, Virginia

Location Insight

City
Lynchburg
County
Lynchburg City
State
Virginia
Latitude
37.414
Longitude
-79.1419
CBSA code
31340
CBSA name
LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$19,776
$274,400
$1,947,600
$2,222,000
-
$274,400
$1,947,600
$2,222,000

FAQs

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