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1664 Graves Mill Road, Lynchburg, VA 24502

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

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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 budkreh.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: 42
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

Agent Name: Bud Kreh
Agent Phone: (540) 829-3144
Agency Title: Montague Miller & Co. Realtors

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 05/21/2026. The listing information on this page last changed on 05/21/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 05/21/2026 12:34:23 PM EST) or CAAR MLS (last updated Thu 05/21/2026 12:25:17 PM EST) or Staunton MLS (last updated Thu 05/21/2026 12:28:24 PM EST) or HRAR MLS (last updated Thu 05/21/2026 12:30:14 PM EST) or Lynchburg MLS (last updated Thu 05/21/2026 12:32:54 PM EST) or Bright MLS (last updated Thu 05/21/2026 12:21:54 PM EST). Real estate listings held by brokerage firms other than Montague Miller & Co. Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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