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1018 Rivermont Avenue, Lynchburg, VA 24504

Coldwell Banker Commercial Read & Co.
Coldwell Banker Commercial Read & Co.
Listed by Coldwell Banker Commercial Read & Co.
$695,000
55 days on market
Updated 23 days ago

1018 Rivermont Avenue

Details
Property Type Multifamily, Special Purpose
Sub Type Religious/Church
Square Footage 8,493
Year Built 1897
Acreage 1.500
Zoning R-3, R-4
Investment Type Redevelopment
Ground Lease No

About This Property

Marketing 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.

Investment highlights

1.5 Total Acres

1.10 Acres Development Area

R-3 & R-4 Zoning

Prime Residential Potential

Listing Contacts

Coldwell Banker Commercial Read & Co.
Coldwell Banker Commercial Read & Co.
Listed by Coldwell Banker Commercial Read & Co.

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