Search
Mixed-Use Portfolio with Apartments
For Sale
$800,000

145 Suffolk Ave, Richlands, VA 24641

Commercial Sale, Richlands, VA

Property Size17,000 SF
Price / SF$47.06
Days on Market61

Property Features for 145 Suffolk Ave

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Parking 10
Lot features Seller Will Not Divide
Directions Beginning on The Governor George C Peery Hwy (US-460 W). Go for 4.1 mi. Take ramp toward VA-67 N/Richlands/Jewell Ridge. Go for 0.2 mi. Turn left onto Big Creek Rd (VA-67 S). Go for 151 ft. Continue on Railroad Ave (VA-67 S). Go for 0.5 mi. Turn left onto Front St (US-460-BR E). Go for 0.1 mi. Turn left onto Suffolk Ave (VA-67 N). Go for 259 ft.
Subdivision Richlands
Standard status Active
Size 17,000 SF

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 4357

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1900
Floors in Building 2
Flooring type Carpet, Vinyl, Tile
Building materials Brick, Masonry
Roof type Rubber, Metal
Listing Agency: C&C Realty (Cordle & Company)
Listed By: Alexis Fuller · License #0225261843
Added: Jun 23 Changed: Aug 22 Last Checked: Aug 22 at 10:06AM
MLS# 104062

Copyright © 2026 Southwest Virginia Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use portfolio comprises three adjoining properties totaling 17,000 square feet. The buildings contain five commercial units, one storage space, seven renovated apartments, and one unfinished apartment. Commercial occupants include an optometry office, hair salon, med-spa, and retail boutique, while one retail unit is available for lease. The property is zoned Commercial and was built in 1900.

Residential improvements include baseboard heat, window A/C, and updated finishes. Units are separately metered for utilities, and back-lot parking serves the property. Construction includes brick and masonry, with metal and rubber roofing; one roof section has been replaced. Public water and public sewer serve the buildings.

Key Highlights

  • 17,000 square feet across three adjoining properties
  • Five commercial units, one storage space, seven renovated apartments, and one unfinished apartment
  • Commercial zoning with office, salon, med‑spa, and retail occupancy

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency HVAC Service Big Box & Wholesale Store Garden Center Parking Lot & Garage Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

404
Businesses Nearby

Demographics for 24641, VA

5,377
Population
2,830
Households
1.9
Avg Household Size
43
Median Age
14%
College-Educated
85%
High-School Grad
19.4 sq mi
ZIP Area
277
Density / Sq Mi
$37,044
Median Household Income
$40,087
Median Earnings
$823
Median Rent
$103,900
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Mixed-use property - Adjoining commercial and residential buildings offer separate utilities, renovated apartments, and back-lot parking.
Where is this mixed-use property located?
The property is located at 145 Suffolk Ave Richlands, VA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 17,000 square feet across three adjoining properties; Five commercial units, one storage space, seven renovated apartments, and one unfinished apartment; Commercial zoning with office, salon, med‑spa, and retail occupancy
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message