66 CLASS A UNITS IN LYNCHBURG, VA
Located in the revitalized historic downtown of Lynchburg, Virginia, Gish Flats is one of the City’s newest and most innovative urban living experiences. Featuring an adaptively renovated former industrial warehouse in addition to a new building constructed in 2016, the 66 units at Gish Flats offer open floor plans, granite counter-tops, garbage disposals, hardwood flooring, stainless steel appliances, built-in blue-tooth audio systems with in-wall speakers, and stacked laundry appliances in each unit. In addition, the property includes ample parking for each tenant.
Amenities also include an unmatched roof-top patio with views of the City skyline and the James River, a fitness center, a common area kitchenette, charcoal grills, an outdoor patio, a green area for pets, exposed brick and timber in the warehouse, and private balconies for each new construction unit.
The reuse of the beautiful historic tobacco and textile factory coupled with the striking urban in-fill corner anchor serve as a perfect nod to Lynchburg’s renowned history and its bright future. The City boasts a diverse and stable economy with strong employment, moderate cost of living, and positive demographic trends. Lynchburg is also the hub for the James River Valley area and is the regional center for higher education, business, arts, and entertainment.
Adding to the investment potential of this property is its location in an Opportunity Zone. In addition, a City of Lynchburg real estate tax abatement program valued at $1,599,100 is in place through June 30, 2031. With these features, Gish Flats is truly an outstanding unique opportunity to invest in one of the best and most historic multifamily properties in downtown Lynchburg.
*NO CO-BROKER FEE.
