145 Suffolk Ave, Richlands, VA 24641
145 Suffolk Ave, Richlands, VA 24641
145 Suffolk Ave, Richlands, VA 24641
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Jamie Crews

Jamie Crews

+1(304) 887-7541
Listed by C&C Realty (Cordle & Company)
$800,000
Est. payment /mo
17,000 SqFt
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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 17,000 sqft

Price per Sqft $47

Subdivision Richlands

MLS Listing ID 104062

Year Built 1900

Annual Tax Amount $4,356

Tax Year 2024

Property Sub-Type Mixed Use

Property Description

Investment Opportunity – 125, 129 & 145 Suffolk Ave, Richlands, VA Calling all investors! This rare mixed-use portfolio in downtown Richlands includes three adjoining properties offering a strong and diverse income stream. Featuring five commercial units, one storage space, and seven renovated apartments plus one unfinished apartment, this investment combines residential and commercial opportunities under one roof. Current tenants include a long-term optometry office, hair salon, med-spa, retail boutique, and established residential renters. One retail space provides immediate growth potential for a new lease. All units are on separate utilities, minimizing owner expenses. The property has a metal and rubber roof, with one side recently replaced for long-term durability. Apartments feature low-maintenance interiors with baseboard heat, window A/C, and updated finishes. Tenants enjoy convenient back-lot parking and proximity to local amenities. This property offers stable, predictable income with built-in annual rent increases and a proven tenant history. With its prime Suffolk Avenue location, updated structure, and mix of professional, retail, and residential tenants, it's an ideal investment for those seeking dependable cash flow and long-term value in the Southwest Virginia market.

Location

State VA

County Tazewell

Area Richlands

Zoning Commercial

Interior

Heating Other

Cooling Other

Flooring Carpet, Tile, Vinyl

Exterior

Parking Features Parking 10+ Spaces

Garage Spaces 10.0

Utilities Available Separate Meters

View Y/N No

Water Access Desc Public

Roof Type Metal,Rubber

Total Parking Spaces 10

Garage No

Building

Lot Description Seller Will Not Divide

Story Multi/Split

Sewer Public Sewer

Water Public

Level or Stories Multi/Split

Others

Acceptable Financing 6962a61162a18fc70ec5b5e40cf04412

Listing Terms 6962a61162a18fc70ec5b5e40cf04412

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