Property Details 805 Court Street, Lynchburg, Virginia 24504 • Parcel ID: 02445003 • Zoning: B-1 (Limited Business District); located in the Court House Hill Local Historic District • Acreage: 0.6 acres (GIS) • Improvements: 21,868 SF 2 Story Building • Ownership: City of Lynchburg • Assessed Value (2025): $1,000,000 • Utilities: Public water, sewer, electric, and fiber • Surrounding Uses: Courts, downtown commercial, office, residential Additional Information • The property is offered as-is. • The City may assist with rezoning or permitting processes, subject to formal approvals. Responsibilities of the Offeror • Entitlements The Offeror shall be responsible for all aspects of the Project including pre-development planning, environmental review, design, and financing. The selected Offeror shall be responsible, at its sole expense, for obtaining all land use and building permits and other government approvals required for its proposed Project. During the Negotiation Period, the selected Offeror shall prepare and process an initial study and undertake all other actions required for City approval of the Project, at Offeror’s cost. In addition to the initial study, Offeror may, during the Negotiation Period, without any guaranty of approval therefore, seek City approval of any zoning changes. The project will be expected to begin its construction phase within 6 months of sale, or as otherwise noted within the contract of property sale. Should the project not begin within the allotted 6 months, or otherwise agreed upon schedule, the City shall have full authority to purchase the property back at the initial sale price
