Former Bank Branch Building

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30791086
Property Subtypes: Business Park, Executive Suites, Coworking, Governmental, Institutional, Mixed Use, Flex Space, Office Building, Research & Development
Status: Pending/Contingent
Building Size (RSF): 6,280 SF
Gross Building Area: See Agent
Gross Land Area: 2.09 Acres
Sale Price: $550,000
Unit Price: $87.58 PSF
Property Use Type: Net Leased Investment (NNN), Business
Class of Space: Class B
Usable Size (USF): 6,280 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/26/2023

Overview / Comments

Substantial Price Reduction! Professional building (Former Wells Fargo Branch) in prominent location on Main Street in Amherst, Virginia with easy access to Route 29. The main level has over 4,000 sq ft of finished space and the second story with 2,200 sq ft is currently leased and provides additional income for the property. Plenty of parking with 4,000 sq yards of asphalt paving. The property is served by town water and sewer. You could not build this today for the price and you would not find such a fantastic location right in the heart of Amherst. Amherst is situated 15 miles north of Lynchburg and 50 miles south of Charlottesville. Priced below assessed value this building is arguably the most handsome building in Town.

Attachments & Media

Additional Details

Nearest MSA: Lynchburg
County: Amherst
Tax ID/APN: 96A4 A 50
Property Visibility: Excellent
Highway Access: Route 29 to Main Street
Total Number of Buildings: 1
Year Built: 1963
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: 1 3/4 story brick building on masonry foundation with a partial basement. Exterior walls are brick veneer laid in Flemish bond Gable roof of composition shingles with copper gutters and downspouts. Decorative cupola at the center of the roof. Covered membrane roof over triple drive through at the rear.
Parking Type: Surface
Parking Description: 4,000 square yards of asphalt paving
Internet Access: Cable
Zoning Description: Central Business District
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Blue Ridge Realty Holdings LLC
Legal Description: Parcel A containing 1.334 Ac and Parcel B containing .759 Ac Wells Fargo Bank 258 S Main Street

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,885 8,689
Median Age: 35.29 39.31
Households: 988 3,151


Photograph of Listing Agent

Mary Snow

Mary Snow Realty
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