1 year on rocket

501 Front St, Coeburn, VA, 24230

$275,000

Home List Price

$3,266*

Closing Credit

0 Baths
Multi

Location

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501 Front St, Coeburn$275,000

Buyer Closing Credits

$3,266*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOther
Year Built1908
HeatingOther
CoolingNone
BasementYes
MLS #9957462
StatusActive

About 501 Front St

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!

Property Details

Property Features

Property Information:

  • Architectural Style: Historic
  • Year Built: 1908

Listing Office:

  • Office Name: Serralles Group, Inc.
  • Office Phone: (813) 307-0007
  • Listing Agent: Eddie Serralles

Interior Features

Interior Information:

  • Appliances: Other
  • Basement: Yes
  • Flooring Type: Hardwood

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Other

Lot Features

Lot Information:

  • Lot: Other

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: None

Other

Directions Information:

  • 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.

Price Information

Listing Price Info

Price Summary:

  • List Price: $275,000
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Housing Market Comparison

See how this home compares to others in Coeburn, VA.

Med. Sold Price

$138.6K

Med. Price/SqFt

$88

Avg. Days On Market

83

# of Sold Homes

2

501 Front St vs Coeburn

382 DAYS ON ROCKET

+299 Days

$275,000

+$136.3K More

KEY TAKEAWAY

This property is $136.3K more than the Median Sold Price in Coeburn, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Tennessee/Virginia Regional MLS
  • MLS Number: #9957462

Listing Office:

  • Office Name: Serralles Group, Inc.
  • Office Phone: (813) 307-0007
  • Listing Agent: Eddie Serralles

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this brokerl, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright© 2024 Tennessee Virginia Regional MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 3:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,440

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$891

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-912215
9
/10
  • Coeburn Primary School

  • 332 Schoolhouse Hill Dr NE

  • 0.39 miles

  • Public District Grades PK-4

school-card-donut-912216
7
/10
  • Wise Primary School

  • 323 Railroad Ave SE

  • 6.53 miles

  • Public District Grades PK-4

school-card-donut-912217
5
/10
  • Ervinton Elementary School

  • 195 Ervinton Cir

  • 10.83 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,471. The majority of Coeburn, VA residents have income less than $35k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas


Rocket HomesVirginiaWise CountyCoeburn24230501 Front St

This home is located at 501 Front St in Coeburn, VA and zip code 24230. This home was built in 1908. It has been listed on Rocket Homes since November 07, 2023 and is currently priced at $275,000.

Over 0 listings were sold over their listed price in October 2024 in Coeburn, VA. In the same period over 1 listings were sold below the listed price and 1 listings were sold for the listed price. The number of listings in Coeburn, VA decreased by 6.7% between September 2024 and October 2024. The median list price of listings available in October 2024 was $138,620, while the average time on the real estate market was 83 days.

From Rocket Homes Real Estate and based on county public records data.

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