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501 Front Street

Coeburn VA 24230
MLS #9957462 · Listing Courtesy of Serralles Group, Inc.
$485,000
Active
1908
Built
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Property Description
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!
Property Facts
Property TypeMulti Family
Sub TypeMulti Family
MLS Number9957462
Lot Dimensions30 x 128
City Taxes$153
County Taxes$527.85
Elementary SchoolCoeburn
Middle SchoolCoeburn
High SchoolEast Side
Features & Amenities
Interior
Concrete Basement
Dirt Floor Basement
Double Pane Windows
Hardwood Flooring
Three Or More-Level
Exterior
Brick Exterior
Historic
Rolled/Hot Mop Roof
Other
Average Condition
Public Sewer
Public Water
Directions
58 to 2nd St SW exit turn north go to Front St turn left stay left at fork property 2 blocks on the left.
  • Additional Information
    AC
    NoneYes
    Appliances
    OtherYes
    Contract Info
    ForeclosureNo
    Easements
    OtherYes
    Garage
    Carport Spaces0
    General Property Description
    # Buildings1
    # of Units7
    HOANo
    Stories3
    Total Units8
    ZoningHistorical Dist
    Heating
    OtherYes
    Parking Features
    OtherYes
    Structure Type
    HouseYes
    TopographyLot Description
    OtherYes
    Unit 1
    # Bathrooms1
    # Bedrooms1
    # Half Baths0
    # Rooms2
    # Units2
    Monthly Rent650
    Unit 2
    # Bathrooms1
    # Bedrooms1
    # Half Baths0
    # Rooms2
    # Units2
    Monthly Rent650
    Unit 3
    # Bathrooms1
    # Bedrooms1
    # Rooms2
    # Units2
    Half Baths0
    Monthly Rent650
    Unit 4
    # Bathrooms1
    # Bedrooms0
    # Rooms4
    # Units1
    Half Baths1
    Monthly Rent1,050
    Walls
    OtherYes
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