621 Court St - Specialty FOR SALE


Lynchburg, VA 24504- Downtown Lynchburg
$1,410,000 USD
980-266-0445
621 Court St, Lynchburg, VA for Sale
$1,410,000 USD
Specialty - FOR SALE
1/16
null | Request Cap Rate

621 Court St
Lynchburg, VA 24504
Downtown Lynchburg


HIGHLIGHTS

  • Historic structure
  • Downtown Location
  • Spacious gathering areas and multiple classrooms
  • High quality kitchen appliances

OVERVIEW

Incredible opportunity to own and renovate one of Lynchburg's most iconic churches. The former Court Street United Methodist church was built in 1902 and renovated multiple times over the years. The property consists of four parcels over one city block on Court Street between 6th and 7th streets. The church building is approximately 30,254SF and includes the sanctuary, multiple gathering areas, kitchens and multiple classrooms throughout the multi-story education wing. The property is a remarkable structure made of "Kentucky free stone" and is located in the Downtown Historic district. A buyer could take advantage of a number of different economic incentives offered by the City of Lynchburg to help cover the cost of some deferred maintenance and property renovations: https://www.opportunitylynchburg.com/local-programs/ There are two surface parking lots associated with the property, one on the 6th Street side and the other on 7th Street. A total of 75 parking spaces are available. The seller is "The Board of Trustees of the Virginia Annual Conference of the United Methodist Church, Inc". Listing broker is "TTR Sotheby's International".

FOR SALE DETAILS

PRICE

$1,410,000 USD

PRICE/SF

$46 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Lodge/Meeting Hall, Religious Facility, Schools

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

-

YEAR BUILT

1902

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Limited B-1

APN/PARCEL ID

024-29-004

ASK ABOUT THIS PROPERTY

Christina MetheneyThe HEIDER office TTR Sotheby's InternationalMore Info
980-266-0445

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Christina MetheneyThe HEIDER office TTR Sotheby's InternationalMore Info
980-266-0445

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.