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    28 Main St Pulaski, VA 24301

    Sponsored
    For Sale
    $524,500

    Historic building, mixed-use income property.

    Property size:
    15,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Pulaski, Virginia investment opportunity presents a beautifully renovated, three-story, 15,600 square foot flex space building located at 28 W Main St, 24301. Built in 1920 and extensively renovated in 2023, this mixed-use property offers a unique blend of commercial and residential spaces. The main floor encompasses 6,200 square feet, currently housing a thriving coffee shop occupying half the space, leaving ample room for additional commercial development. The second floor features five fully rented apartments generating consistent rental income, with monthly rents ranging from $685 to $750, plus a $35 pet fee for one unit. The third floor, also 4,700 square feet, offers significant potential for further apartment development, providing an avenue for expansion and increased revenue. The property is offered at $524,500, with a price per square foot of $33.62. This gross lease, multi-tenant property (6 tenants total) presents a compelling investment opportunity combining modern amenities with the charm of Pulaski County's historic district. The building's layout and existing income streams provide immediate returns, while the potential for expansion ensures long-term growth. This is a rare chance to acquire a well-positioned, income-producing asset in a desirable location.

    Property Features for 28 Main St

    General Information

    Property type
    Flex space
    Square Feet
    15,600 SF

    Building Details

    Year Built/Renovated
    1920/2023
    Stories
    3
    Units
    5

    HighLights

    • Beautifully renovated, 15,600 SF, three‑story flex space building in Pulaski, VA's historic district.
    • Main floor (6,200 SF) partially occupied by a coffee shop, with additional commercial space available.
    • Five apartments on the second floor generate consistent rental income ($685-$750/month).
    • 4,700 SF third floor offers significant potential for additional apartment development.
    • Offered at $524,500 ($33.62/SF), this mixed‑use property provides immediate returns and long‑term growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pulaski
    County
    Pulaski
    State
    Virginia
    Longitude
    -80.780675278713
    Latitude
    37.047803399187

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    FAQs

    What type of property is this?
    Flex space - Historic building, mixed-use income property.
    Where is this flex space located?
    The property is located at 28 Main St Pulaski, VA.
    What is the asking price?
    The asking price for this property is $524,500.
    What are key features of this property?
    This property features: Beautifully renovated, 15,600 SF, three-story flex space building in Pulaski, VA's historic district.; Main floor (6,200 SF) partially occupied by a coffee shop, with additional commercial space available.; Five apartments on the second floor generate consistent rental income ($685-$750/month).
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    28 Main St Pulaski, VA 24301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    28 Main St Pulaski, VA 24301
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