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Mixed-Use Investment Property in Norton

1523 Kentucky Ave SE, Norton, VA

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For Sale

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Income property with apartments, home, and commercial space.

Type:MULTIFAMILY

Property size:

5,102 SF

Lot size:

0.55 Acres

Price / SF:

$53/SF

HighLights

Multiple Income Streams: Features two apartments and a manufactured home, all currently generating rental income.
Commercial Space: Includes 2,000 sq/ft of unoccupied commercial space suitable for rental or owner use (retail, office, or wholesale).
Sizeable Units: Apartment sizes are 1,100 sq/ft and 850 sq/ft; the manufactured home is 1,152 sq/ft.
Convenient Location: Situated on Kentucky Avenue in Norton, VA, close to major highways (U.S. 58‑A and U.S. 23).
One apartment includes a two‑car carport.
Good Condition: Property has been well‑maintained.

We can help!

Listing Contact

Fred McClellan, CCIM

Learn more

For Sale

Contact for pricing

Income property with apartments, home, and commercial space.

Type:MULTIFAMILY

Property size:

5,102 SF

Lot size:

0.55 Acres

Price / SF:

$53/SF

Added:: Dec 15, 2024
Days on Market:: 541
Last Refresh:: May 19 at 10:46 pm

Property Features for 1523 Kentucky Ave SE

General Information

Standard status: Active
Size: 5,102 SF
Lot size: 0.55 Acres
Property subtype: MULTIFAMILY

We can help!

Listing Contact

Fred McClellan, CCIM

Listing agent Fred McClellan, CCIM License #0225186741

Listing office Virginessee Real Estate Consultants

Listing date Dec 15, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Virginessee Real Estate Consultants

HighLights

Multiple Income Streams: Features two apartments and a manufactured home, all currently generating rental income.
Commercial Space: Includes 2,000 sq/ft of unoccupied commercial space suitable for rental or owner use (retail, office, or wholesale).
Sizeable Units: Apartment sizes are 1,100 sq/ft and 850 sq/ft; the manufactured home is 1,152 sq/ft.
Convenient Location: Situated on Kentucky Avenue in Norton, VA, close to major highways (U.S. 58‑A and U.S. 23).
One apartment includes a two‑car carport.
Good Condition: Property has been well‑maintained.

Overview

This investment property features an income stream from two apartments and a manufactured home. Additionally, there is unoccupied commercial space available for rental or owner-occupant use. One apartment measures 1,100 square feet, while the other is 850 square feet and includes a two-car carport. The manufactured home provides 1,152 square feet of living space. The property is situated on Kentucky Avenue in the Ramsey section of Norton, Virginia, approximately 0.3 miles from the intersection of U.S. 58-A and 1.7 miles from the intersection of U.S. 23, offering convenient access to Big Stone Gap, Wise, and Kentucky. The commercial space encompasses 2,000 square feet of interior office space, storage, and a one-vehicle bay garage, making it suitable for retail, office, or wholesale operations. The property has been maintained in good condition and offers various ownership benefits.

Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Location Insight

Map
Local Demand

City: Norton
County: Norton
State: Virginia
Longitude: -82.5908
Latitude: 36.9431

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For sale
Multifamily properties
VA
Norton
1523 Kentucky Ave SE

What type of property is this?

Multifamily property - Income property with apartments, home, and commercial space.

Where is this multifamily property located?

The property is located at 1523 Kentucky Ave SE Norton, VA.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: Multiple Income Streams: Features two apartments and a manufactured home, all currently generating rental income.; Commercial Space: Includes **2,000 sq/ft of unoccupied commercial space** suitable for rental or owner use (retail, office, or wholesale).; Sizeable Units: Apartment sizes are 1,100 sq/ft and 850 sq/ft; the manufactured home is 1,152 sq/ft.

1523 Kentucky Ave SE, Norton, VA

Income property with apartments, home, and commercial space.

Property Features for 1523 Kentucky Ave SE

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Storage Facility Expansion Opportunity

Equipped Auto Shop, Prime Location

Versatile Commercial Property in Norton, VA

Prime Auto Shop Opportunity

Former Bank Building in Norton

Turn-Key Auto Shop with Road Frontage

Norton, VA Professional Office Building

High-Visibility Commercial Space in Norton

Downtown Norton Commercial Building

Norton Apartment Building For Sale

Norton, VA Church Opportunity

Mixed-Use Property on Main Thoroughfare

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