Active Listing

Development Opportunity in Historic Lynchburg | 1300 Campbell Avenue
Lynchburg, VA 24501

$4000000

Development Site, Multi-Family
Property Type

105 
Units

2.25 AC
Parcel

134,810 SF
GBA

Property Summary

Located in the Kemper Street Industrial Historic District in Lynchburg, VA – 1300 Campbell Ave offers a developer a chance to transform a beautiful industrial building into 105 loft style apartments. Built in 1919 and known locally as the Barker Jennings Building, the property sits on 2.25 acres at the crossroads
between Lynchburg’s historic downtown and the fast-growing Liberty University. The population count
within 10 miles is 150,000.

The building qualifies for Federal and State Historic Tax Credits that will assist development, and the city
offers a tax abatement program. With 137,810 square feet and 108 parking spaces, the building offers the
developer a scale that will transform the area and allow a strong amenity package. The floor plate for
each of the 5 stories is 27,562 square feet allowing spacious, well-lit apartments. There is a Conditional
Use Permit with the city of Lynchburg permitting the developer to build up to 105 units. The building is
ready for development.

The building will make incredible apartments with its brick walls, high ceilings, beautiful hardwood floors
and large industrial windows offering incredible views. The reuse of this property will be another nod to
Lynchburg’s industrial history while assisting its bright future.

Lynchburg has a diverse and stable economy with very positive population trends, robust employment
trends and a moderate cost of living. It is a regional center for medical, higher education, finance, the
arts and entertainment. It is definitely attracting a large share of the population moving from larger urban
areas.

  • Historical Designations in Place
  • Tax Credit Eligible
  • Zoned for 105 Apartments

PROPERTY DETAILS

Units 105
Parcel ID 027-06-001
Const. Materials Brick
Zoning Desc. B-5 C
Construction Date 1919
Co-broker Fee Yes

0
Walkability

0
Transit

PROPERTY PHOTOS

PROPERTY LOCATION

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