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501 Front Street, Coeburn, VA 24230 - $275,000

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Blue Ridge Properties Listing

501 Front Street, Coeburn, VA 24230 (MLS #9957462)

Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Multi Family

Sub Type: Multi Family

MLS Number: 9957462

Lot Acreage: 0.00000

Living Area: 0

Year Built:1908

Elementary School: Coeburn

Middle School: Coeburn

High School: East Side

Public Remarks: Discover Coeburn's architectural gem—the town's largest 3-story building, a rare find brimming with potential! This unique property offers a blend of commercial and residential spaces, perfectly positioned to be a key player in the revitalization of Coeburn's historic downtown. Ground Floor: The spacious commercial area is ideal for a variety of businesses, from a cozy café or trendy eatery to a vibrant service-oriented enterprise. The foot traffic and visibility here are unmatched, making it a prime spot for your business vision to come to life. This level also has 1 well-laid-out apartment. Second Floor: This level boasts 4 well-laid-out apartments, ready to generate steady rental income. With the demand for housing in the area, these units offer a great opportunity for passive income or could be upgraded to attract premium tenants. Third Floor: This level has 1 well-laid-out apartment & a partially built out area, this floor features a stage and expansive windows with views of Front Street. This space is perfect for a community gathering spot, an event venue, or even a unique loft-style apartment, offering endless possibilities for creative use. The current owner is open to seller financing with specific terms, making this an even more attractive investment opportunity. Whether you're an entrepreneur looking to establish a business, a savvy investor seeking rental income, or someone with a vision for both, this property is your canvas. Don't miss out on owning a piece of Coeburn's history. This building is not just a property; it's a cornerstone of the town's past with the potential to shape its future. Seize this rare opportunity and make your mark on Coeburn's downtown revival!

Listing Courtesy:Serralles Group, Inc.

More Listing Info:

AC:None11: true

Appliances:Other2: true

Basement:Concrete3: true

Basement:Dirt Floor: true

Contract Info:Foreclosure: No

Easements:Other7: true

Exterior Finish:Brick4: true

Flooring:Hardwood: true

Garage:Carport Spaces: 0

Garage:Garage Spaces: 0

General Property Description:# Buildings: 1

General Property Description:# of Units: 7.0

General Property Description:Acres: 0.0

General Property Description:Elementary School3: Coeburn

General Property Description:High School3: East Side

General Property Description:HOA YN: No

General Property Description:Lot Dimensions: 30 x 128

General Property Description:Middle School2: Coeburn

General Property Description:Stories2: 3

General Property Description:Total Units: 8

General Property Description:Zoning2: Historical Dist

Heating:Other12: true

Levels:Three Or More: true

Location Tax Legal Info:City Taxes: 153.0

Location Tax Legal Info:County Taxes: 527.85

Parking Features:Other13: true

Property Condition:Average: true

Remarks Misc:Directions3: 58 to 2nd St SW exit turn north go to Front St turn left stay left at fork property 2 blocks on the left.

Remarks Misc:Public Remarks2: Discover Coeburn's architectural gem—the town's largest 3-story building, a rare find brimming with potential! This unique property offers a blend of commercial and residential spaces, perfectly positioned to be a key player in the revitalization of Coeburn's historic downtown. Ground Floor: The spacious commercial area is ideal for a variety of businesses, from a cozy café or trendy eatery to a vibrant service-oriented enterprise. The foot traffic and visibility here are unmatched, making it a prime spot for your business vision to come to life. This level also has 1 well-laid-out apartment. Second Floor: This level boasts 4 well-laid-out apartments, ready to generate steady rental income. With the demand for housing in the area, these units offer a great opportunity for passive income or could be upgraded to attract premium tenants. Third Floor: This level has 1 well-laid-out apartment & a partially built out area, this floor features a stage and expansive windows with views of Front Street. This space is perfect for a community gathering spot, an event venue, or even a unique loft-style apartment, offering endless possibilities for creative use. The current owner is open to seller financing with specific terms, making this an even more attractive investment opportunity. Whether you're an entrepreneur looking to establish a business, a savvy investor seeking rental income, or someone with a vision for both, this property is your canvas. Don't miss out on owning a piece of Coeburn's history. This building is not just a property; it's a cornerstone of the town's past with the potential to shape its future. Seize this rare opportunity and make your mark on Coeburn's downtown revival!

Roof:RolledHot Mop: true

Sewer:Public Sewer: true

Structure Type:House: true

Style:Historic2: true

TopographyLot Description:Other18: true

Unit 1:# Bathrooms5: 1.0

Unit 1:# Bedrooms3: 1

Unit 1:# Half Baths: 0.0

Unit 1:# Rooms4: 2

Unit 1:# Units: 2

Unit 1:Monthly Rent: 650

Unit 2:# Bathrooms4: 1.0

Unit 2:# Bedrooms4: 1

Unit 2:# Half Baths2: 0.0

Unit 2:# Rooms3: 2

Unit 2:# Units2: 2

Unit 2:Monthly Rent2: 650

Unit 3:# Bathrooms3: 1.0

Unit 3:# Bedrooms5: 1

Unit 3:# Rooms2: 2

Unit 3:# Units3: 2

Unit 3:Half Baths: 0.0

Unit 3:Monthly Rent3: 650

Unit 4:# Bathrooms2: 1.0

Unit 4:# Bedrooms6: 0

Unit 4:# Rooms: 4

Unit 4:# Units4: 1

Unit 4:Half Baths2: 1.0

Unit 4:Monthly Rent4: 1050

Walls:Other24: true

Water:Public: true

Window Features:Double Pane Windows: true