501 Front St Coeburn, VA 24230
Property details
About 501 Front St
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!
Highlights
Summary
- MLS Number: 9957462
- MLS Name: Tennessee/Virginia Regional MLS
- Office Name: Serralles Group, Inc.
- Office Phone: (813) 307-0007
- Office Email: eddie@serrallesgroup.com
- Listing Agent: Eddie Serralles
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Last updated on: 2/26/2025, 11:50:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$275,000
501 Front St
$3,266
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
9
Coeburn Primary School
Public District PK-4
0.4 mi
•332 Schoolhouse Hill Dr NE
7
Wise Primary School
Public District PK-4
6.5 mi
•323 Railroad Ave SE
5
Ervinton Elementary School
Public District PK-5
10.8 mi
•195 Ervinton Cir
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $34,471. Most Coeburn, VA residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
This home is located at 501 Front St in Coeburn, VA and zip code 24230. Features: 0 bathroom. It has been listed on Rocket Homes since November 7, 2023 and is currently priced at $275,000.
Over 1 listings were sold over their listed price in January 2025 in Coeburn, VA. In the same period over 3 listings were sold below the listed price and 0 listings were sold for the listed price. The number of listings in Coeburn, VA increased by 5.9% between December and January 2025. The median list price of listings available in January 2025 was $131,750, while the average time on the real estate market was 127 days.