Mixed-Use Building with
901 Eighth Street, Radford, VA 24141
For Sale
$595,000
Three residential units accompany a 1,260-square-foot commercial area in a comprehensively renovated building.
Property Size2,970 SF
Price / SF$200.34
Days on Market62
Property Features for 901 Eighth Street
General Information
Standard status
Size
Class
Property subtype
Site & Location
Corner Location
Utilities to Site
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Building Details
Building Size
Buildings
Stories
Units
Listing Agency:
Sycamore Realtors
(540) 787-3624
Listed By:
Joe Davidson
(540) 449-9990
Source:
Giesencaldwell
Added: Sep 10
Changed: Nov 8
Last Checked: Nov 9 at 3:57PM
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 Sycamore Realtors
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Investment Insights
Based on property information with market context.
At 901 Eighth Street, this 2,970-square-foot mixed-use property combines two 2-bedroom, 1-bathroom apartments, an efficiency, and 1,260 square feet of commercial space. The renovation included renewed plumbing, wiring, HVAC, roof, windows, doors, siding, kitchens, bathrooms, appliances, and finishes, while retaining restored hardwood floors. Building features include R-15 wall and R-60 roof spray foam insulation, enhanced fire and sound separation, four electric meters, 1-inch water service, a 6-inch sewer line, and 6-inch gutters.
The property is across from Sunset Park in Radford. Seller projections indicate a 7.44% cap rate based on a projected annual NOI of $46,500.
The property is across from Sunset Park in Radford. Seller projections indicate a 7.44% cap rate based on a projected annual NOI of $46,500.
Key Highlights
- 2,970‑square‑foot mixed‑use property
- Two 2‑bedroom, 1‑bathroom apartments and one efficiency
- 1,260 square feet of commercial space
Property Analytics
Who owns this building?
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
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Business Placement
Demographics for 24141, VA
20,308
Population
10,043
Households
2
Avg Household Size
34
Median Age
41%
College-Educated
94%
High-School Grad
65.6 sq mi
ZIP Area
310
Density / Sq Mi
$60,503
Median Household Income
$31,330
Median Earnings
$999
Median Rent
$230,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three residential units accompany a 1,260-square-foot commercial area in a comprehensively renovated building.
Where is this mixed-use property located?
The property is located at 901 Eighth Street Radford, VA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,970‑square‑foot mixed‑use property; Two 2‑bedroom, 1‑bathroom apartments and one efficiency; 1,260 square feet of commercial space
