Coeburn VA Multi Family for Sale
$275,000
501 Front Street Coeburn, VA 24230
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Courtesy: Serralles Group, Inc.
813-307-0007
ADDITIONAL INFORMATION
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!
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Coeburn Real Estate
The median home value in Coeburn, VA is $108,800. This is higher than the county median home value of $103,600. The national median home value is $338,100. The average price of homes sold in Coeburn, VA is $108,800. Approximately 53.99% of Coeburn homes are owned, compared to 28.47% rented, while 17.55% are vacant. Coeburn real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Coeburn real estate agent to arrange a tour today!
Coeburn, Virginia 24230 has a population of 1,615. Coeburn 24230 is more family-centric than the surrounding county with 36.46% of the households containing married families with children. The county average for households married with children is 27.07%.
The median household income in Coeburn, Virginia 24230 is $48,714. The median household income for the surrounding county is $44,884 compared to the national median of $69,021. The median age of people living in Coeburn 24230 is 43.6 years.
Coeburn Weather
The average high temperature in July is 80.2 degrees, with an average low temperature in January of 22.4 degrees. The average rainfall is approximately 47.4 inches per year, with 44 inches of snow per year.