1019 Jefferson St - Restaurant FOR SALE


Lynchburg, VA 24504- Downtown Lynchburg
$1,250,000 USD
434-841-5551
1019 Jefferson St, Lynchburg, VA for Sale
$1,250,000 USD
Restaurant - FOR SALE
1/25
null | Request Cap Rate

1019 Jefferson St
Lynchburg, VA 24504
Downtown Lynchburg


HIGHLIGHTS

  • Fully equipped restaurant property
  • Excellent location across from Riverfront Park, splash park and new amphitheater under construction
  • Building renovated and all new kitchen equipment in 2022

OVERVIEW

Incredible opportunity for a fully equipped restaurant facility in Downtown Lynchburg, across from Riverfront Park, with a splash park, playground and new amphitheater under construction which will host festivals, concerts, outdoor movies, and other events with a capacity of +/- 5,000 people. Within walking distance to residential units, hotels, large employers, City Hall, regional courts and numerous other businesses. On-street parking and multiple public parking lots within close proximity and located adjacent to the Bluffwalk access. Building was originally constructed in 1911 and has been extensively renovated including remodeling and all new equipment in 2022. Building is +/- 3,880sf with a seating capacity of 234 and an additional +/- 1,500sf outdoor patio area. Property is served by public water/sewer, 400-amp electrical service, two 5-ton HVAC units. Full array of kitchen equipment including 10’ hood system, all purchased new in 2022. Ornate bar area as well as both fixed and flexible seating throughout. Large glass doors open up directly to the fenced patio area for seamless transition during suitable weather. Two large ADA restrooms. Property is also available for lease at $8,000/month NNN.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$322 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Downtown Riverfront Restaurant Facility

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1911

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

B-4

APN/PARCEL ID

045-16-010

ASK ABOUT THIS PROPERTY

Christopher Gentry, SIORGentry Commercial Real Estate, Inc.More Info
434-841-5551

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

Christopher Gentry, SIORGentry Commercial Real Estate, Inc.More Info
434-841-5551

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