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501 Front Street

Coeburn, VA 24230
  • $275,000
  • STATUS: Active
  • ON SITE: 408 Days
  • MLS #: 9957462
UPDATED: 31 min ago
$275,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1908
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Discover Coeburn's architectural gemthe 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 caf 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!

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© 2024 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2024-11-10T17:00:00.157.
www.thgjohnsoncity.com/homes/143828873
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501 Front Street Coeburn, VA 24230

  • Price: $275,000
  • Status: Active
  • On Site: 408 Days
  • Updated: 31 min ago
  • MLS #: 9957462
0
Beds
0
Baths
0
½ Baths
0.09
Acres
1908
Built
Neighborhood:
Wise County
County:
Wise
Area:
Wise County
Elementary School:
Coeburn
Middle School:
Coeburn
High School:
East Side
Property Description
Discover Coeburn's architectural gemthe 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 caf 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!
Exterior Features

Architectural Style Historic Attached Garage YN No Carport Spaces 0 Construction Materials BrickOther Exterior Features [] Fencing [] Foundation Details [] Garage Carport Spaces 0 Garage Garage Spaces 0 Other Structures [] Parking Features Other Patio And Porch Features [] Pool Features [] Roof Rolled/Hot Mop View [] Waterfront Features []

Interior Features

Appliances Other Basement ConcreteDirt Floor Building Area Total 0 Cooling None Fireplace Features [] Flooring Hardwood Heating Other Heating YN Yes Interior Features [] Laundry Features [] Levels Three Or More Window Features Double Pane Windows

Property Features

Association Amenities [] Association YN No Body Type [] Community Features [] Contract Info Auction No Contract Info Foreclosure No Contract Info Short Sale No Cooling YN No Current Financing None Documents Available [] Listing Terms CashFHAIndiv/Seller FinancingUSDA LoanVA LoanVHDA New Construction YN No Other Equipment [] Property Condition Average Property Sub Type Multi-Family Sewer Public Sewer Utilities [] Water Source Public Zoning Historical Dist

Listing information © 2024 Tennessee/Virginia Regional MLS.
Listing provided courtesy of Eddie Serralles of Serralles Group, Inc.: 813-307-0007.



© 2024 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2024-11-10T17:00:00.157.
 
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3009 Greenline Rd
Johnson City TN, 37604