501 High Ave NE, Coeburn, VA 24230

Building Details

Year Built

1903

Listing agent Edward Serralles License #FL 508984

Listing office SERRALLES GROUP,INC

Listing date Jun 28, 2023

Source Crexi

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Overview

This mixed-use property includes six apartments, each with one bedroom and one bathroom, along with a commercial space. The property is currently vacant. Owner financing is available with a $95,000 down payment, a $300,000 loan amount at a 6% interest rate, a 30-year amortization, and a 5-year balloon. The average rent for one-bedroom units in the area ranges from $600 to $800. The property is situated on a 7,722 square foot lot.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Pharmacy Auto Parts Store

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

Location Insight

• Map
• Local Demand

City

Coeburn

County

Wise

State

Virginia

Longitude

-82.464945

Latitude

36.9460928

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FAQs

What type of property is this?

Mixed-use property - Mixed-use building featuring apartments and commercial space for sale.

Where is this mixed-use property located?

The property is located at 501 High Ave NE Coeburn, VA.

What is the asking price?

The asking price for this property is $485,000.

What are key features of this property?

This property features: Owner will owner‑finance with attractive terms: $95,000 down, $300,000 loan at 6% interest, 30‑year amortization, and a 5‑year balloon.; Property includes 6 apartments and a commercial space, offering diverse income streams.; All 6 apartments are desirable 1/1 units, easily rentable.