1664 Graves Mill Road, Lynchburg, VA 24502

$899,000
  • 1664 Graves Mill Road, Lynchburg, VA 24502 Main Photo

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New to the Market Active
MLS#365696
STATUS PROPERTY TYPECommercial - Business

Property Description

Don't miss this income-producing 8-plex (16 bedrooms/ 8 baths) ideally located in a high-traffic corridor on Graves Mill Road, surrounded by established restaurants, businesses, and everyday conveniences. This prime location offers easy access to the expressway, airport, and local colleges, making it highly desirable for tenants. Each of the eight units features 2 bedrooms and 1 full bath, offering a functional and in-demand layout. The property is shown by appointment only. Do Not go to the property, or approach tenants. A bank letter or proof of funds will need to be provided prior to making an appointment. With a monthly income of $7,700, this property presents a solid return with room for future growth. Its strong rental history, excellent location, and consistent demand make it a great addition to any investment portfolio. A rare opportunity to own a multi-family property in a thriving commercial area with long-term upside potential.

1664 Graves Mill Road | MLS# 365696

This commercial property located at 1664 Graves Mill Road, Lynchburg, VA 24502 is currently listed for sale with an asking price of $899,000. Search Lynchburg real estate on www.montaguemiller.com today.

Property Features

Property Type: Commercial - Business
Heating: Heat Pump
Lot Size: 0.70 Acres
Taxes: $5,000
Year Built: 1970

Feature Descriptions

Days on Site: 2
Exterior: Brick Veneer
Flooring: Vinyl/Asphalt/Tile
Lot Dimensions: 0.7007 Acre(s)
Road Features: City Street, Four Lane
Roof: Asbestos Shingle
Sewer: City
Water: City

Listed By / Shown By

Listed By

Agency Name: eXp Realty LLC-Stafford

Shown By

Agency Title: Montague Miller & Co. Realtors
Agency Phone:

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