Lynchburg, VA 24504

$565,000

Property Description

Investors take note, fully leased mixed-use building on flourishing 5th Street. Totally renovated with leases running through Spring and Summer of 2021. Sale includes adjoining parking lot and driveway at 508 Madison Street for Multi-Street Access. Property has off and on street parking, exposed brick and rustic plaster walls throughout the building. The back of building commercial/studio apartment space is an open concept with new kitchen and bath in 2014. This unit also features outdoor living space. Concrete, tile & raised wood floors, Painted brick walls, 2 large bay doors, high ceilings and industrial sky light compliment the thriving experiential wine shop at the rear of the property. Studio apartment 2nd floor front of building is an open concept with separate bathroom (with new stack able full size W/D) and walk-in closet. Distressed and exposed brick walls, Wood & tile floors, 4 large arched top windows are perfect for the successful high-end retail.

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Listing courtesy of Consensus Real Estate Service, Llc.