Mixed-Use Property with
For Sale
Contact for pricing
1523 Kentucky Ave SE, Norton, VA 24273
Income-producing property combines residential units, a manufactured home, and commercial space with office, storage, and garage areas.
Property Size5,102 SF
Price / SF$53.90
Days on Market598
Property Features for 1523 Kentucky Ave SE
General Information
Standard status
Active
Size
5,102 SF
Property subtype
MULTIFAMILY
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
3
Listing Agency:
Virginessee Real Estate Consultants
(276) 492-3839
Listed By:
Fred McClellan, CCIM · License #0225186741
(276) 492-3839
Source:
Moodyscre
Added: Dec 15, 2024
Changed: Jul 31
Last Checked: Aug 5 at 7:22AM
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
Investment Insights
Based on property information with market context.
This mixed-use property includes two apartments, a manufactured home, and additional commercial space. One apartment measures 1,100 square feet, while the second measures 850 square feet and includes an attached two-car carport. The manufactured home contains 1,152 square feet. The property has been kept in good condition, with current lease agreements and income and expense information available.
The commercial component includes 2,000 square feet of interior office space, storage space, and a one-vehicle bay garage. The space can be used for rental or owner-occupant purposes and is suited to retail office or wholesale uses.
Located on Kentucky Avenue in the Ramsey section of Norton, the property is 0.3 mile from the intersection of U.S. 58-A and 1.7 miles from the intersection of U.S. 23, providing access toward Big Stone Gap, Wise, and Kentucky.
The commercial component includes 2,000 square feet of interior office space, storage space, and a one-vehicle bay garage. The space can be used for rental or owner-occupant purposes and is suited to retail office or wholesale uses.
Located on Kentucky Avenue in the Ramsey section of Norton, the property is 0.3 mile from the intersection of U.S. 58-A and 1.7 miles from the intersection of U.S. 23, providing access toward Big Stone Gap, Wise, and Kentucky.
Key Highlights
- Two apartments measuring 1,100 square feet and 850 square feet
- 1,152‑square‑foot manufactured home included
- 2,000 square feet of commercial office and storage space
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 24273, VA
5,730
Population
2,690
Households
2.1
Avg Household Size
42
Median Age
13%
College-Educated
84%
High-School Grad
64.5 sq mi
ZIP Area
89
Density / Sq Mi
$39,797
Median Household Income
$34,863
Median Earnings
$678
Median Rent
$105,600
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing property combines residential units, a manufactured home, and commercial space with office, storage, and garage areas.
Where is this mixed-use 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: Two apartments measuring 1,100 square feet and 850 square feet; 1,152‑square‑foot manufactured home included; 2,000 square feet of commercial office and storage space
