$1,000,000
Coeburn, VA 24230
MLS# 9990157
10000 sqft
1 / 8
Property Description
Excellent investment opportunity featuring four separate structures with immediate income and significant upside potential. Additional properties are located at 225 2nd avenue, 402 Queen Street, and 710 Lynncrest. This portfolio includes a brick quadplex that is fully rented, providing steady cash flow from day one. Also included is a large downtown building offering a storefront space in need of renovation, presenting an ideal value-add opportunity, along with a 3-bedroom apartment that is currently rented. A second quadplex is partially occupied with 3 of 4 units rented, and a newer duplex with both units rented adds modern appeal and stability to the income stream. Rents across the properties have not been increased in quite some time, offering strong potential for future growth through rent adjustments and improvements. With multiple income-producing assets and room to add value, this is a rare opportunity for investors seeking both immediate returns and long-term upside.taxes are approximate, as tax rate hasn't yet been determined for new assessment
Details
Maps
Location, Tax & Legal Info
Parcel ID: 005443
City Taxes: 700
County Taxes: 2000
Contract Info
List Price/SqFt: 100
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 1000000
Current Price: $1,000,000
Listing Date: 2026-01-14
General Property Description
Acres: 0.5
Lease: No
Lot Size: See acreage
Zoning: Commercial
HOA Y/N: No
Total SqFt Finished: 10000
Total SqFt Unfinished: 0
Annual Lease $: 75000
Total SqFt: 10000
Remarks & Misc
Public Remarks: Excellent investment opportunity featuring four separate structures with immediate income and significant upside potential. Additional properties are located at 225 2nd avenue, 402 Queen Street, and 710 Lynncrest. This portfolio includes a brick quadplex that is fully rented, providing steady cash flow from day one. Also included is a large downtown building offering a storefront space in need of renovation, presenting an ideal value-add opportunity, along with a 3-bedroom apartment that is currently rented. A second quadplex is partially occupied with 3 of 4 units rented, and a newer duplex with both units rented adds modern appeal and stability to the income stream. Rents across the properties have not been increased in quite some time, offering strong potential for future growth through rent adjustments and improvements. With multiple income-producing assets and room to add value, this is a rare opportunity for investors seeking both immediate returns and long-term upside.taxes are approximate, as tax rate hasn't yet been determined for new assessment
Directions: From front st, turn right on 2nd st left on diagonal
Business Type
Condo: 1
Vacant: 1
See Remarks: 1
Exterior Finish
Brick: 1
Vinyl Siding: 1
See Remarks: 1
Other Equipment
None: 1
Roof
Metal: 1
Shingle: 1
Road Access
City Street: 1
Electric Service
220 Volts: 1
Development Status
See Remarks: 1
Heating
Heat Pump: 1
Info Available
Profit/Loss Statement: 1
AC
Heat Pump: 1
Water
Public: 1
Sewer
Public Sewer: 1
Restrictions
Deed: 1
Financing
Cash: 1
Conventional: 1
Sale Includes
Fee Simple: 1
Location Tax Legal Info
Street #: 207
St Direction: Northeast
Street Name: Diagonal
St Suffix: Avenue
County: Wise
State/Province: VA
Zip Code: 24230
Area: 506 - Wise County
Property Features
Business Type: Condo; Vacant; See Remarks
Exterior Finish: Brick; Vinyl Siding; See Remarks
Other Equipment: None
Roof: Metal; Shingle
Electric Service: 220 Volts
Development Status: See Remarks
Heating: Heat Pump
AC: Heat Pump
Water: Public
Sewer: Public Sewer
Road Access: City Street
Info Available: Profit/Loss Statement
Restrictions: Deed
Financing: Cash; Conventional
Sale Includes: Fee Simple
Listing Office: REMAX Results Bristol
Last Updated: January - 15 - 2026
Information deemed reliable but not guaranteed.