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 five 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 provide apartments with 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 attracting a large share of the population moving from larger urban areas.
