Lynchburg, VA 24504,900 5th ST
Lynchburg, VA 24504,900 5th ST
Lynchburg, VA 24504,900 5th ST
Lynchburg, VA 24504,900 5th ST
Lynchburg, VA 24504,900 5th ST
Lynchburg, VA 24504,900 5th ST
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Listed by Ricky Read • Coldwell Banker Commercial Read & Company
Bought with Ricky Read • Coldwell Banker Commercial Read & Company

$174,000

$179,000

2.8%
Est.Price: ?

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Est. payment /mo

3,220 SqFt


SOLD DATE : 11/20/2024

Key Details

Sold Price $174,000

Property Type Commercial

Sub Type Commercial/Indust

Listing Status Sold

Purchase Type For Sale

Square Footage 3,220 sqft

Price per Sqft $54

Subdivision 5Th Street Corridor

MLS Listing ID 354094

Sold Date 11/20/24

Year Built 1790

Annual Tax Amount $1,408

Lot Size 6,795 Sqft

Property Description

The Kentucky Hotel, circa 1790, sits at the corner of 5th St. and Jackson St. B-4 zoning allows for mixed-use development that could accommodate on and off-street parking. This property is one of only three remaining ordinaries still standing in Lynchburg, VA. The Kentucky Hotel is in remarkably great condition despite its age with a newly sealed and painted roof, new gutters and down spouts, security system and well maintained landscaping and grounds. The building features Federal Style Architecture, 2 fireplaces on each level (8 total), 1.5 baths, and wood flooring throughout. Ideal redevelopment opportunity with property being located in the Historical, Opportunity and Enterprise Zone. Additional incentives include Federal and Local tax credits.

Location

State VA

County Lynchburg

Zoning B-4

Interior

Flooring Wood

Building

Sewer City

Others

Acceptable Financing Conventional

Listing Terms Conventional

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agent-avatar

+1(434) 221-9375

laurenbellrealestate@gmail.com

4109 Boonsboro Road, Lynchburg, VA, 24503, United States

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