501 Front Street East

Coeburn, VA 24230

$275,000
Price
3
Beds
4
Baths
1
1/2 Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Discover Coeburn's architectural gem—the town's largest 3-story building, a rare find brimming with potential! This unique property offers a blend of commercial and residential spaces, perfectly positioned to be a key player in the revitalization of Coeburn's historic downtown. Ground Floor: The spacious commercial area is ideal for a variety of businesses, from a cozy café or trendy eatery to a vibrant service-oriented enterprise. The foot traffic and visibility here are unmatched, making it a prime...Discover Coeburn's architectural gem—the town's largest 3-story building, a rare find brimming with potential! This unique property offers a blend of commercial and residential spaces, perfectly positioned to be a key player in the revitalization of Coeburn's historic downtown. Ground Floor: The spacious commercial area is ideal for a variety of businesses, from a cozy café or trendy eatery to a vibrant service-oriented enterprise. The foot traffic and visibility here are unmatched, making it a prime spot for your business vision to come to life. This level also has 1 well-laid-out apartment. Second Floor: This level boasts 4 well-laid-out apartments, ready to generate steady rental income. With the demand for housing in the area, these units offer a great opportunity for passive income or could be upgraded to attract premium tenants. Third Floor: This level has 1 well-laid-out apartment & a partially built out area, this floor features a stage and expansive windows with views of Front Street. This space is perfect for a community gathering spot, an event venue, or even a unique loft-style apartment, offering endless possibilities for creative use. The current owner is open to seller financing with specific terms, making this an even more attractive investment opportunity. Whether you're an entrepreneur looking to establish a business, a savvy investor seeking rental income, or someone with a vision for both, this property is your canvas. Don't miss out on owning a piece of Coeburn's history. This building is not just a property; it's a cornerstone of the town's past with the potential to shape its future. Seize this rare opportunity and make your mark on Coeburn's downtown revival!
  1. Listed by Eddie Serralles • Serralles Group, Inc.

Property Details for 501 Front Street East

Architectural Style
Historic
Zoning
Historical Dist
LISTING UPDATED: 08/22/2024 01:36 PM

Property Details for 501 Front Street East

StatusActive
MLS #9957462
Days on Market455
Taxes$681 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multi-Family
Year Built1908
Lot Size0.09 AC / 3,840 SF
CountyWise County

Building Information for 501 Front Street East

Stories3Residences-Year Built1908Building Size-Lot Size0.09 AC / 3,840 SF

Property Information for 501 Front Street East

Summary
Location and General Information
  • City: Coeburn
  • County: Wise
  • Directions: 58 to 2nd St SW exit turn north go to Front St turn left stay left at fork property 2 blocks on the left.
  • Postal Code: 24230
  • State Or Province: VA
  • MLS Area Major: 506 - Wise County
  • MLS Area Minor: 506 - Wise County
  • General Property Description : Zoning: Historical Dist
Taxes and HOA Information
  • Association: No
  • Parcel Number: 005096
  • Association Fee: 0.0
  • Location Tax Legal Info : City Taxes: $153.00
  • Location Tax Legal Info : County Taxes: $527.85
School Information
  • High School: East Side
  • Middle Or Junior School: Coeburn
  • Elementary School: Coeburn
Parking
  • Garage Spaces: .00
  • Attached Garage: No
  • Carport Spaces: .00
Property
Lot Information
  • Lot Size Dimensions: 30 x 128
  • Lot Size Square Feet: .00
  • Lot Size Acres: 0.0
  • Lot Features: Other
  • Lot Size Area: .00
  • Building Area Total: .00
  • General Property Description : Acres: .00
Property and Assessments
  • Property Condition: Average
  • Property Type: Multi-Family
  • Year Built: 1908
  • Property Sub Type: Multi-Family
  • Property Type Label: Multi-Family
  • New Construction: No
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Cooling: None
  • Bathrooms Total Decimal: .00
  • Basement: Concrete, Dirt Floor
  • Flooring: Hardwood
  • Bathrooms Total Integer: 0
  • Bathrooms Total Notational: .00
  • Cooling: No
  • Heating: Yes
  • Levels: Three Or More
  • General Property Description : Stories: 3
  • Appliances: Other
Exterior Features
  • Construction Materials: Brick, Other
  • Parking Features: Other
  • Roof: Rolled/Hot Mop
  • Window Features: Double Pane Windows
  • Heating : Heat Pump: Other
  • Roof : RolledHot Mop: Yes
  • Exterior Finish : Brick: Yes
Multi Family
Multi-Family Information
  • General Property Description : # of Units: 7.00
  • General Property Description : Total Units: 8.00
Unit 1
  • Unit 1 : # Units: 2
  • Unit 1 : # Half Baths: 0.0
  • Unit 1 : # Half Baths: 0.0
  • Unit 1 : # Bathrooms: 1.0
  • Unit 1 : # Bedrooms: 1
  • Unit 1 : # Rooms: 2
  • Unit 1 : Monthly Rent: 650
Unit 2
  • Unit 2 : # Units: 2
  • Unit 2 : # Rooms: 2
  • Unit 2 : # Bedrooms: 1
  • Unit 2 : # Bathrooms: 1.00
  • Unit 2 : Monthly Rent: 650
Unit 3
  • Unit 3 : # Units: 2
  • Unit 3 : # Rooms: 2
  • Unit 3 : # Bedrooms: 1
  • Unit 3 : # Bathrooms: 1.0
  • Unit 3 : Half Baths: 0.0
  • Unit 3 : Monthly Rent: 650
Unit 4
  • Unit 4 : # Units: 1
  • Unit 4 : # Rooms: 4
  • Unit 4 : # Bedrooms: 0
  • Unit 4 : # Bathrooms: 1.0
  • Unit 4 : Half Baths: 1.0
  • Unit 4 : Monthly Rent: 1050

Property History for 501 Front Street East

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 501 Front Street East

Taxable ValueLand$9,600Additions$66,900Total$76,500
Home Facts
Total Finished SqFt7,722 SqFtAbove Grade Finished SqFt7,722 SqFtStories3StyleStoresCountyWISEAPNR005096

Schools near 501 Front Street East

This home is within Wise County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Public - 5 to 8
Rating
School
Distance
Coeburn Primary School
PublicPK to 4

Coeburn Middle School
Public5 to 8

Eastside High School
Public9 to 12

L.F. Addington Middle School
Public5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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501 Front Street East is a multi-family home for sale in Coeburn, VA 24230. This property was listed for sale on September 28, 2023 by Serralles Group, Inc., it's currently listed at $275,000. It has been on the market for a total of 455 days and was last sold on April 30, 2021. This listing's school district is Wise County Public Schools. Nearby schools include Coeburn Primary School, Coeburn Middle School and Eastside High School. 501 Front Street East is a 3-bed, 4.5-bath, multi-family home built in 1908.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Serralles Group, Inc., Eddie Serralles

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.