$485,000
Coeburn, VA 24230
MLS# 9957462

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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!
Details
Location, Tax & Legal Info
Parcel ID: 005096
City Taxes: 153
County Taxes: 527.85
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 485000
Current Price: $485,000
Listing Date: 2023-09-28
General Property Description
Lot Dimensions: 30 x 128
Acres: 0
Zoning: Historical Dist
# Buildings: 1
Elementary School: Coeburn
# of Units: 7
Middle School: Coeburn
Total Units: 8
High School: East Side
Stories: 3
HOA Y/N: No
Property Sub-Type: Multi Family
Year Built: 1908
Remarks & Misc
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!
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.
Property Condition
Average: 1
Exterior Finish
Brick: 1
Unit 1
# Units: 2
# Rooms: 2
# Bedrooms: 1
# Bathrooms: 1
# Half Baths: 0
Monthly Rent: 650
Unit 2
# Units: 2
# Rooms: 2
# Bedrooms: 1
# Bathrooms: 1
# Half Baths: 0
Monthly Rent: 650
Style
Historic: 1
Roof
Rolled/Hot Mop: 1
Unit 3
# Units: 2
# Rooms: 2
# Bedrooms: 1
# Bathrooms: 1
Half Baths: 0
Monthly Rent: 650
Levels
Three Or More: 1
Unit 4
# Units: 1
# Rooms: 4
# Bathrooms: 1
Half Baths: 1
Monthly Rent: 1050
Window Features
Double Pane Windows: 1
Heating
Other: 1
AC
None: 1
Water
Public: 1
Sewer
Public Sewer: 1
Appliances
Other: 1
Topography/Lot Description
Other: 1
Flooring
Hardwood: 1
Easements
Other: 1
Basement
Concrete: 1
Dirt Floor: 1
Financing
Cash: 1
FHA: 1
Indiv/Seller Financing: 1
USDA Loan: 1
VA Loan: 1
VHDA: 1
Parking Features
Other: 1
Existing Finance
None: 1
Walls
Other: 1
Structure Type
House: 1
Location Tax Legal Info
Street #: 501
Street Name: Front
St Suffix: Street
County: Wise
State/Province: VA
Zip Code: 24230
Area: 506 - Wise County
Property Features
Property Condition: Average
Style: Historic
Levels: Three Or More
Exterior Finish: Brick
Appliances: Other
Flooring: Hardwood
Roof: Rolled/Hot Mop
Parking Features: Other
Heating: Other
Water: Public
Window Features: Double Pane Windows
Sewer: Public Sewer
Basement: Concrete; Dirt Floor
AC: None
Structure Type: House
Walls: Other
Easements: Other
Financing: Cash; FHA; Indiv/Seller Financing; USDA Loan; VA Loan; VHDA
Existing Finance: None
Listing Office: Serralles Group, Inc.
Last Updated: December - 22 - 2025
Information deemed reliable but not guaranteed.