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Karin Baldwin

Karin Baldwin

ReMax First Olympic
Lynchburg, VA 24502

434-851-8581
Contact Me

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Listing 9 out of 364
$799,000 For Sale

1503 Grace Street
Lynchburg, VA 24504

Multi Family Home
0.94 acres - MLS# 310092
Property Photo
1/16

Description

This unique local landmark is a part of our city's history. What was once Lynchburg's very first hospital is now serving the community as a fully functioning (and profitable) group home. Floor plans to transform this big beauty into apartments have been done by a local architect and convey with the sale. The third floor is currently vacant so start the reno there while covering expenses (and then some) from the group home functioning on the main two levels. While the ground level is vacant it does hold a chapel, storage, a loading dock and is set up for a commercial kitchen and dining hall. With a B-1 zoning there are lots of options and potential in this rock solid 1800's, 47000 square foot marvel. Call the listing agent for more details and to schedule a showing today!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi-Family
  • Listing Status: Active
  • County/Area: Lynchburg County
  • Zip Code: 24504
  • Year Built: 1860
  • School District: Lynchburg
  • Elementary School: Sandusky Elem
  • Middle School: Sandusky Midl
  • High School: Heritage High
  • Sq.Ft.: 47,000 sq ft
  • Lot Size: 0.94 acres
  • Annual Gross Income: 218520.00
  • Lot Measurement: Acres
  • Lot Size Source: (Public Record)
  • Lot Square Footage: 40990.00
  • Square Footage Source: Public Record Manual
Courtesy of Keller Williams

Karin Baldwin | 434-851-8581 | Contact Me
20395 Timberlake Rd. - Lynchburg, VA 24502
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