$275,000
501 Front Street
Coeburn, VA 24230
MLS# 9957462

501 Front Street, Coeburn, VA 24230
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Property Description
Welcome to Coeburn, VA, where you'll find the town's ONLY 3-story building - a real standout. The ground floor is set up for commercial use, a nice spot for a local eatery, coffee shop, or servicing business. Upstairs, there are six apartments, each renting out at $450 a month, going by the previous owner's rates. On the 3rd floor, is partially built out - Featuring a stage and large windows overlooking Front St. The cool part? The current owner is open to financing the deal with some specific terms, making it more accessible for potential buyers. Whether you're looking to run a business, invest in rental properties, or both, this place has some real potential. It's not just a building; it's a piece of Coeburn's historic downtown - waiting for someone to make the most of it!

Details
Location, Tax & Legal Info
Street #: 501
Street Name: Front
St Suffix: Street
County: Wise
State/Province: VA
Zip Code: 24230
Area: 506 - Wise County
Parcel ID: 005096
City Taxes: 153
County Taxes: 527.85
Contract Info
Status: Active
Listing Price: 275000
Current Price: $275,000
Listing Date: 2023-09-28
Buyer Broker: Yes
Buyer Broker Comm: 2
Buyer Broker Comm Type: %
Foreclosure: No
Short Sale: No
Auction: No
General Property Description
Lot Dimensions: 30 x 128
Zoning: Historical Dist
Property Sub-Type: Multi-Family
# Buildings: 1
# of Units: 7
Total Units: 8
Stories: 3
Year Built: 1908
Elementary School: Coeburn
Middle School: Coeburn
High School: East Side
HOA Y/N: No
Remarks & Misc
Public Remarks: Welcome to Coeburn, VA, where you'll find the town's ONLY 3-story building - a real standout. The ground floor is set up for commercial use, a nice spot for a local eatery, coffee shop, or servicing business. Upstairs, there are six apartments, each renting out at $450 a month, going by the previous owner's rates. On the 3rd floor, is partially built out - Featuring a stage and large windows overlooking Front St. The cool part? The current owner is open to financing the deal with some specific terms, making it more accessible for potential buyers. Whether you're looking to run a business, invest in rental properties, or both, this place has some real potential. It's not just a building; it's a piece of Coeburn's historic downtown - waiting for someone to make the most of it!
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.
Unit 1
# Rooms: 2
# Bedrooms: 1
# Bathrooms: 1
Monthly Rent: 450
Unit 2
# Rooms: 2
# Bedrooms: 1
# Bathrooms: 1
Monthly Rent: 450
Unit 3
# Rooms: 2
# Bedrooms: 1
# Bathrooms: 1
Monthly Rent: 450
Unit 4
# Rooms: 2
# Bedrooms: 1
# Bathrooms: 1
Monthly Rent: 450
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
Topography/Lot Description: Other
Heating: Other
Water: Public
Window Features: Double Pane Windows
Sewer: Public Sewer
Basement: Concrete; Dirt Floor
AC: None
Construction: Site Built
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: May - 16 - 2024

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Information deemed reliable but not guaranteed.

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