A Lynchburg couple has plans to redevelop property at 801 Church St. and create both commercial and residential space.
The 10,000-square-foot structure, built in 1887, was purchased by Johanna and Daryl Calfee on Wednesday for $375,000.
The building has three floors and was the former offices of certified public accountant M. Jerry Reynolds, Commonwealth Bail Bonds and Bob Jones Painting Contractor.
The building is next door to the Allied Arts Building and adjacent to The Virginian Hotel, which is slated to open this spring.
The entire building will be renovated; the commercial space could be ready in six months, but the rest might take until the end of the year, Johanna Calfee said.
The first floor will be used for commercial space, while the second and third floors will house rooms for rent, possibly through the website Airbnb. The Calfees plan a" London-style storefront" aesthetic for the building.
"With the walking traffic with the hotel and the huge, old-school European windows, it would be cool if someone was making something like pizza or art so people can walk by and always see something being made," Johanna Calfee said. "It could be so many things."
In 2009, the Calfees renovated 1209 Commerce St., where the Renaissance Academy of Martial Arts now operates.