Lynchburg City property record for 702 Commerce St, Lynchburg, VA 24504
| Property Type | Parking Garage, Parking Structure |
|---|---|
| Details | built 1959 |
| Lot Size | 0.121 acres (5,271 sqft) |
| Owner | Company Name on File |
| Last Sale | $3,000,000 (Nov 2022) |
| Tax Bill | $160 (2025) |
| Deeds & Mortgages | Dec 2025 Sale |
| APN | 045 12 015 |
| Primary APN | 045 12 015 |
|---|
| Year Built | Built 1959 |
|---|---|
| Effective Year Built | Effective 1959 |
| Lot Area | 5,271 sqft (0.121 acres) |
| Street Address | 702 COMMERCE ST |
|---|---|
| City | LYNCHBURG |
| State | VA |
| Zip | 24504 |
| Property Category | Commercial |
| Property Type | Commercial > Retail > Parking Garage, Parking Structure |
| Local Zoning Code | B6 |
| Legal Description | BLK 474 |
| Legal Subdivision | DOWNTOWN-CENTRAL BUSINESS DIST |
| Legal Block | 474 |
| Jurisdiction | LYNCHBURG CITY VA |
| Township / Civil Division | LYNCHBURG |
| Census Block Group | 1 |
| Census Block | 1022 |
| Census Tract | 500 |
Source: NPS National Register of Historic Places, as of August 1, 2026
| Historic District | Within the Lower Basin Historic District listed 1987 · 64 contributing resources · NRIS 87000601 |
|---|
Federal listing alone does not restrict alterations; local historic district rules, which this data does not cover, may apply.
702 Commerce St, a commercial property, is owned by a company that bought it in November 2022.
Source: Lynchburg City records, as of April 21, 2026
| Owner of Record | Company Name on File |
|---|---|
| Mailing Address | 307 BROOK PARK PL, FOREST, VA 24551-2639 |
| Owner Type | Company |
| Vesting | Company |
Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.
| Deed Names | Name on Deed |
|---|---|
| Last Sale | Nov 17, 2022 · Amount on File |
| Deed Sale | Nov 17, 2022 · Amount on File |
| Prior Sale | Jun 29, 2016 · Amount on File |
| Deed Document Number | 20228749 |
| Prior Transfer Date | Nov 15, 2022 |
| Prior Transfer Doc | 0000008749 |
| Record Updated | Jun 8, 2026 |
| Document Type | Deed |
|---|---|
| Jurisdiction | LYNCHBURG CITY VA |
| Recording Date | Dec 29, 2025 |
| Property Address | 702 COMMERCE ST, LYNCHBURG, VA 24504 |
| Document Number | 0250008334 |
| Instrument Date | Dec 23, 2025 |
| Instrument | 250008334 |
| Transaction Type | Transfer |
| Record Updated | Jan 9, 2026 |
| Title Company | ACCOMODATION, ACCOMMODATION |
| Amount | Amount on Record |
|---|---|
| Tax | $767.50 |
| Amount Accuracy | Full Amount Stated |
| Additional |
|
| Name | Verified Name |
|---|
| Name | Verified Name |
|---|---|
| Address | 101 MOUNTAIN AVE SW, ROANOKE, VA 24016-4115 |
The 2025 property tax bill for 702 Commerce St was $160.
Source: Lynchburg City assessment roll, as of October 6, 2025
| Type | Name |
|---|---|
| State | Virginia |
| Municipality | Lynchburg City |
| Unified School District | Lynchburg City Public Schools (PK - 12) |
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2025 | $160.00 | $76,600 Land $52,700 Building $23,900 | $76,600 Land $52,700 Building $23,900 |
| 2023 | $135.00 | $60,700 Land $52,700 Building $8,000 | $60,700 Land $52,700 Building $8,000 |
Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.
FEMA has no flood map on file for 702 Commerce St; there have been 2 flood claims nearby since 1985.
Source: FEMA National Flood Hazard Layer · OpenFEMA NFIP redacted claims and policies, as of September 2026
| FEMA Flood Zone | Not on file |
|---|---|
| Flood Insurance Cost | Premium on File median of 11 individual policies |
| Nearby Flood Policies | 31 units insured incl. 20 condo units |
| Nearby Flood Claims | 2 (1985–1987) |
| Claims Outside the SFHA | 2 of 2 |
| Most Recent Claim | Apr 1987 · river or lake flooding |
Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.
Wildfire risk around 702 Commerce St is low, with a 0.01% annual chance of wildfire.
Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024
| Wildfire Risk | Low lower than 80% of the US · lower than 71% of Virginia |
|---|---|
| Wildfire Likelihood | 0.01% annual chance |
| Exposure | Indirect within ember reach |
Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.
Source: EPA Safe Drinking Water Information System, as of September 2026
| Water System | CITY OF LYNCHBURG serves 80,995 people · EPA ID VA5680200 |
|---|---|
| Water Source | Surface water |
| Last State Inspection | Jan 2025 |
| Lead | 2 ppb (2025–2027) action level 15 ppb |
| Water Quality | None last 10 years |
|---|---|
| Treatment and Procedure | None last 10 years |
| Monitoring and Reporting | None last 3 years |
Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.
Source: FCC Broadband Data Collection, based on 288 locations within half a mile, as of December 31, 2025
| Provider | Max Down / Up (Mbps) |
|---|---|
| Xfinity Cable | 2,000 / 250 |
| AT&T Fixed Wireless | 100 / 20 |
May also be available: Glo Fiber, T-Mobile, Verizon.
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