Multifamily Land

Vacant Land for Sale
Catylist Listing ID: 30421984
Property Subtypes: Multi-Family
Gross Land Area: 3.26 Acres
Sale Price: $1,090,000
Unit Price: $334,355 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 11/11/2021

Overview / Comments

After rezoning, up to 21.78 DUA (78 units)
++One of the few parcels in Lynchburg’s Comprehensive
Plan that is for high density
++ Across the street from Liberty University and major
++ The property is currently zoned for industrial and has the option to be rezoned to multi-family

Additional Details

Nearest MSA: Lynchburg
County: Lynchburg City
Taxing Authority: City of Lynchburg
Tax ID/APN: 25703123

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,580 42,883 86,406
Median Age: 23.89 32.92 35.28
Households: 1,129 15,678 32,904


Photograph of Listing Agent

John O'Connell

O'Connell Realty and Investments LLC
Photograph of Listing Agent

Grant Bates

Colliers International Virginia, LLC
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