501 Front Street, Coeburn, VIRGINIA

$275,000

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About 501 Front Street

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!

Features of 501 Front Street

MLS® # 9957462
Price $275,000
Bathrooms 0.00
Acres 0.00
Year Built 1908
Type Multi-Family
Sub-Type Multi-Family
Style Historic
Status Active

Community Information

Address 501 Front Street
Area 506 - Wise County
City Coeburn
County Wise
State VIRGINIA
Zip Code 24230

Amenities

Garages Other
Is Waterfront No

Interior

Appliances Other
Heating Other
Cooling None
Fireplace No
# of Stories 3
Stories Three Or More
Basement Concrete, Dirt Floor

Exterior

Exterior Brick, Other
Lot Description Other18
Windows Double Pane Windows
Roof Rolled/Hot Mop

School Information

Elementary Coeburn
Middle Coeburn
High East Side

Additional Information

Date Listed September 28th, 2023
Days on Market 347
Zoning Historical Dist
Foreclosure No
Short Sale No

Listing Details

OfficeSerralles Group, Inc.

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