Property photo 1
3,624 sqft

$349,900

2908 Memorial Avenue, Lynchburg VA, 24501

Price per sqft$96.55
Built in1932
Property size3,624 sqft
Property typeCommercial

Overview

Active

Listed Oct 15, 2026

Updated 2 weeks ago

This is a fantastic fully tenanted investment opportunity comprising two commercial units and four 1-bedroom apartments. The property generates immediate rental income from day one, making it an ideal choice for investors seeking a stable, income-producing asset. With all units already rented out, this mixed-use property offers a secure and diversified income stream across both commercial and residential tenants. The two commercial units provide strong business rental appeal, while the four 1-bedroom apartments benefit from consistent demand in the rental market. A rare opportunity to acquire a fully occupied mixed-use investment with reliable returns, strong tenancy profile, and excellent long-term potential.

Additional information

MLS® ID
369880
Available since
January 1, 1800

Interior Features

Basement
No

Exterior Features

Lot Size
0.14 Acres

Other Property Details

Taxes
$1,487
Tax Frequency
Annually

Broker Reciprocity Courtesy of Lauren Bell Real Estate, Inc.

 

IDX information is provided exclusively for consumers’ personal, non-commercial use,  and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.  Information deemed reliable but not guaranteed.  Copyright: by the VA - Lynchburg Association of REALTORS® (LAR).

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