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Downtown Riverfront Restaurant Facility 1019 Jefferson St 3,880 SF 4-Star Retail Building Lynchburg, VA 24504 $1,250,000 ($322.16/SF)



INVESTMENT HIGHLIGHTS
- Fully equipped restaurant property
- Building renovated and all new kitchen equipment in 2022
- Excellent location across from Riverfront Park, splash park and new amphitheater under construction
EXECUTIVE SUMMARY
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.
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.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
3,880 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1911/2022
Price
$1,250,000
Price Per SF
$322.16
Tenancy
Single
Building Height
1 Story
Building FAR
0.52
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
B-4 - Urban Commercial
Frontage
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 045-16-010 | Improvements Assessment | $601,000 |
| Land Assessment | $149,000 | Total Assessment | $750,000 |
PROPERTY TAXES
Parcel Number
045-16-010
Land Assessment
$149,000
Improvements Assessment
$601,000
Total Assessment
$750,000
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Downtown Riverfront Restaurant Facility | 1019 Jefferson St
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