REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Luke J Dykeman • Coldwell Banker Commercial Read & Company
$ 695,000
Est. payment /mo
Active
1018 Rivermont AVE Lynchburg, VA 24504
8,493 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,493 sqft
Price per Sqft $81
Subdivision Commercial Misc
MLS Listing ID 365716
Year Built 1897
Annual Tax Amount $99,999
Lot Size 1.500 Acres
Property Sub-Type Multi-Family
Property Description
Prime Multi-Family Development or Adaptive Reuse Opportunity! Situated at 1018 Rivermont Ave., consisting of approx. 1.5 acres of land near the vibrant downtown district. The site currently features a historic 1897 Revival-style brick church being roughly 8,493 sq. ft. This structure provides an exceptional canvas for an adaptive reuse project, allowing developers to retain historic charm while meeting modern residential needs. Alternatively, a conceptual plan outlines a 1.10 acre portion to be subdivided for a new construction of 14 townhome units. Property benefits from existing R-3 and R-4 multifamily residential zoning providing path for development. This sale includes 1002 & 1006 Randolph St., & 1021 Cabell Street. Excellent visibility, convenient access to urban amenities, and a favorable demographic in the surrounding submarket.
Location
State VA
County Lynchburg
Zoning R3 R4
Exterior
Exterior Feature Brick
Building
Sewer City
Schools
Elementary Schools Linkhorne Elem
Middle Schools Linkhorne Midl
High Schools E. C. Glass High
School District Lynchburg
Nearby Locations
