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Paula C. Squires// January 24, 2018//
The historic Lynchburg National Bank building has sold for $1.08 million to a buyer who plans to renovate the 26,718-square-foot building.
According to Cushman & Wakefield | Thalhimer, which brokered the sale, Bailey Grey Holdings LLC purchased the building from Downtown Enterprises LLC.
Located in the Central Business District at the center of the city’s downtown revitalization efforts, the building was constructed in 1916. One of its distinctive features is the stained glass that was used throughout the dome roof structure during the construction phase.
The building received the Merit Award from the Lynchburg Historical Foundation. Thalhimer said the buyer plans to completely renovate the building into a mix of retail and office space, along with an event center.
Thalhimer’s George Lupton and Norman Moon handled the sale negotiations on behalf of the seller.
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