28 Main StPulaski, VA 24301

For Sale
$524,500

Historic building, mixed-use income property.

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

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 Details for 28 Main St

Property type
Other retail properties, Other office properties
Square Feet
15,600 SF
Year Built/Renovated
1920/2023
Stories
3
Units
5

Location Insight

City
Pulaski
County
Pulaski
State
Virginia
Latitude
37.047803399187
Longitude
-80.780675278713
28 Main St, Pulaski, Virginia

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28 Main St
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