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Lincoln Commerce Center 104-110 S Hill Ave 14,362 SF 90% Leased Office Building South Hill, VA 23970 $1,096,933 CAD ($76.38 CAD/SF) 3.95% Cap Rate
Investment Highlights
- Corner lot on busy downtown street
- Currently has cash flow with room to expand!
- Multi-family options with special use permit
Executive Summary
Offered for sale is a historic three-story corner building comprised of multiple commercial spaces with a diverse tenant mix that includes home health care, yoga studio, restaurant use, and private professional offices.
The property features two street-level storefronts with expansive glass frontage and open interior layouts, providing strong visibility and accessibility. All commercial spaces are currently leased with the exception of three individual office suites, presenting near-term leasing upside.
First Floor:
- Restaurant tenant leased through end of 2026
- Yoga studio
- AmeriCare Plus (home health care)
- Additional individual office suites
Second Floor:
- Fully built out with individual office suites
- Men’s and women’s restrooms
- Two common waiting area
- Shared kitchen
Third Floor:
- Original hotel-style floor plan (former hotel use)
- With a special use permit and required municipal approvals, the layout may support future multifamily residential use
The property is under professional management, providing established operational oversight. The building is equipped with an elevator, which is currently inoperable and will require repair.
This offering represents a stable, mixed-use investment with diversified tenancy, professional management, and future redevelopment or conversion potential, subject to local approvals.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- 24 Hour Access
- Restaurant
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Located in the Historic Lincoln Commerce Center in the heart of Downtown South Hill, this 116 sq ft office suite is perfect for a solo professional seeking a private, efficient workspace. This downstairs office offers the convenience of a sink within the suite, along with a bathroom located directly across the hall. Common areas, including the shared lobby and kitchen, are located upstairs and accessible to tenants. Situated within a well-maintained multi-tenant building, this space is ideal for counseling, wellness, or other professional services. - Prime downtown location - Walkable access to dining and services - Nearby public parking - Utilities included - Immediate occupancy available Please review the attached floor plan for location details.
Now Available – 371 Sq Ft Office Suite | Historic Lincoln Commerce Center, Downtown South Hill This 371 sq ft office suite is now available in the Historic Lincoln Commerce Center, located in the heart of Downtown South Hill. The space offers a comfortable layout ideal for small teams or growing professionals. Tenants enjoy access to a shared lobby and waiting area, as well as a common kitchen and restrooms located in the hall. The building is well-maintained and suited for a variety of professional uses. - Prime downtown location? - Walkable access to dining and services? - Nearby public parking? - Utilities included? - Immediate occupancy available Please review the attached floor plan for additional details.
Now Available – 584 Sq Ft Office Suite | Historic Lincoln Commerce Center, Downtown South Hill Now available in the Historic Lincoln Commerce Center, this spacious 584 sq ft office suite is ideal for small teams, collaborative workspaces, or expanding businesses. The suite connects to a shared lobby and waiting area and includes access to a common kitchen and restrooms in the hallway. Located in a multi-tenant professional building, this space is well-suited for counseling, wellness, creative, or administrative services. - Prime downtown location - Walkable access to dining and services - Nearby public parking - Utilities included - Immediate occupancy available Please review the attached floor plan for suite placement.
Now Available – 234 Sq Ft Office Suite | Historic Lincoln Commerce Center, Downtown South Hill This 234 sq ft office suite is now available in the Historic Lincoln Commerce Center, located in the heart of Downtown South Hill. The space comfortably accommodates a single professional with room to spare for a second desk, guest seating, or a small client meeting area. Tenants enjoy access to a shared lobby and waiting area, as well as a common kitchen and restrooms located in the hall. The building is well-maintained and suited for a variety of professional uses. - Prime downtown location - Walkable access to dining and services - Nearby public parking - Utilities included - Immediate occupancy available Please review the attached floor plan for additional details.
Now Available – Office Suite | Historic Lincoln Commerce Center, Downtown South Hill Located in the Historic Lincoln Commerce Center in Downtown South Hill, this private office suite is now available for immediate occupancy. The suite adjoins a shared lobby and waiting area, with access to a common kitchen and restrooms conveniently located in the hall. This space is ideal for solo professionals or small businesses in counseling, wellness, creative, or other professional fields. - Prime downtown location? - Walkable access to dining and services? - Nearby public parking? - Utilities included? - Immediate occupancy available Please review the attached floor plan to explore available suite locations.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 102 | 116 SF | Office | - | Now |
| 2nd Fl-Ste 203 | 371 SF | Office | - | Now |
| 2nd Fl-Ste 204 | 584 SF | Office | - | Now |
| 2nd Fl-Ste 205 | 234 SF | Office | - | Now |
| 2nd Fl-Ste 207 | 183 SF | Office | - | Now |
1st Fl-Ste 102
| Size |
| 116 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
2nd Fl-Ste 203
| Size |
| 371 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
2nd Fl-Ste 204
| Size |
| 584 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
2nd Fl-Ste 205
| Size |
| 234 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
2nd Fl-Ste 207
| Size |
| 183 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste 102
| Size | 116 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
Located in the Historic Lincoln Commerce Center in the heart of Downtown South Hill, this 116 sq ft office suite is perfect for a solo professional seeking a private, efficient workspace. This downstairs office offers the convenience of a sink within the suite, along with a bathroom located directly across the hall. Common areas, including the shared lobby and kitchen, are located upstairs and accessible to tenants. Situated within a well-maintained multi-tenant building, this space is ideal for counseling, wellness, or other professional services. - Prime downtown location - Walkable access to dining and services - Nearby public parking - Utilities included - Immediate occupancy available Please review the attached floor plan for location details.
2nd Fl-Ste 203
| Size | 371 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
Now Available – 371 Sq Ft Office Suite | Historic Lincoln Commerce Center, Downtown South Hill This 371 sq ft office suite is now available in the Historic Lincoln Commerce Center, located in the heart of Downtown South Hill. The space offers a comfortable layout ideal for small teams or growing professionals. Tenants enjoy access to a shared lobby and waiting area, as well as a common kitchen and restrooms located in the hall. The building is well-maintained and suited for a variety of professional uses. - Prime downtown location? - Walkable access to dining and services? - Nearby public parking? - Utilities included? - Immediate occupancy available Please review the attached floor plan for additional details.
2nd Fl-Ste 204
| Size | 584 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
Now Available – 584 Sq Ft Office Suite | Historic Lincoln Commerce Center, Downtown South Hill Now available in the Historic Lincoln Commerce Center, this spacious 584 sq ft office suite is ideal for small teams, collaborative workspaces, or expanding businesses. The suite connects to a shared lobby and waiting area and includes access to a common kitchen and restrooms in the hallway. Located in a multi-tenant professional building, this space is well-suited for counseling, wellness, creative, or administrative services. - Prime downtown location - Walkable access to dining and services - Nearby public parking - Utilities included - Immediate occupancy available Please review the attached floor plan for suite placement.
2nd Fl-Ste 205
| Size | 234 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
Now Available – 234 Sq Ft Office Suite | Historic Lincoln Commerce Center, Downtown South Hill This 234 sq ft office suite is now available in the Historic Lincoln Commerce Center, located in the heart of Downtown South Hill. The space comfortably accommodates a single professional with room to spare for a second desk, guest seating, or a small client meeting area. Tenants enjoy access to a shared lobby and waiting area, as well as a common kitchen and restrooms located in the hall. The building is well-maintained and suited for a variety of professional uses. - Prime downtown location - Walkable access to dining and services - Nearby public parking - Utilities included - Immediate occupancy available Please review the attached floor plan for additional details.
2nd Fl-Ste 207
| Size | 183 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
Now Available – Office Suite | Historic Lincoln Commerce Center, Downtown South Hill Located in the Historic Lincoln Commerce Center in Downtown South Hill, this private office suite is now available for immediate occupancy. The suite adjoins a shared lobby and waiting area, with access to a common kitchen and restrooms conveniently located in the hall. This space is ideal for solo professionals or small businesses in counseling, wellness, creative, or other professional fields. - Prime downtown location? - Walkable access to dining and services? - Nearby public parking? - Utilities included? - Immediate occupancy available Please review the attached floor plan to explore available suite locations.
Property Taxes
| Parcel Number | 23478 | Total Assessment | $690,421 CAD |
| Land Assessment | $54,546 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $635,875 CAD | Tax Year | 2025 |
Property Taxes
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Lincoln Commerce Center | 104-110 S Hill Ave
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