Multifamily (Multi-Family)

501 Front St, Coeburn, VA 24230

Historic Stories: 3

FOR SALE

Price: $275,000 Price Per ft²: $inf List Date: 2023-09-28 DOM: 455
City Tax: $153 County Tax: $528

Year Built: 1908 pre-1978 Homes

Total Area: 0 ft² (Finished & Unfinished)

Lot Size: 0.00 acre(s) Lot Dimensions: 30 x 128 Topography: Other

Heating: Other Cooling: None Water & Sewage: Public

Appliances: Other

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 cafe 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!