634 Lynn StDanville, VA 24541

  • Industrial properties
  • 11,958 SF
For Lease
$4/SF/YR View listing

Property Details for 634 Lynn St

Year built
1900
Construction
BRICK
Lot size
0.52 AC
Property size (Sq ft)
11,958 SF
Zone code
TOBACCO WAREHOUSE COMM
Property type
Industrial properties
Property subtype
Other warehouses
APN
21747
APU
21747

Description

This exceptional 10,200 square foot single-tenant space, located at 634 Lynn Street in Danville, Virginia's vibrant River District, presents a unique opportunity. Built in 1900, this Class C property, currently vacant, offers immense potential for a variety of uses. Its previous configuration as a warehouse/garage makes it ideal for adaptive reuse. Imagine transforming this space into a captivating entertainment venue, a trendy restaurant, or maintaining its industrial character. For an entertainment concept, the existing structure could be modified by removing the second floor to create a loft or balcony area, and portions of interior walls could be removed to achieve an open floor plan. The property features no elevators. This prime location in the River District offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a distinctive space with significant upside. The property's size and layout provide ample room for creative design and customization to suit a wide range of business needs. The address is 634 Lynn St, Danville, VA 24541. A virtual tour is available online.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,045,918
    Hospitality
    $1,874,050
    Educational
    $1,559,187
    Medical
    $1,612,810
    Retail
    $2,425,403
634 Lynn St, Danville, Virginia

Location Insight

City
Danville
County
Danville City
State
Virginia
Latitude
36.5828
Longitude
-79.3861
CBSA code
19260
CBSA name
DANVILLE, 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
2021
$1,074
$19,500
$109,100
$128,600
-
$19,500
$109,100
$128,600

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