Bought with Ricky Read • Coldwell Banker Commercial Read & Company
$174,000
$179,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
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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4109 Boonsboro Road, Lynchburg, VA, 24503, United States