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Listing 7 out of 54
$289,900 For Sale

1116 Grove Avenue
Radford, VA 24141

6 units | Multi Family Home - MLS# 404559
Property Photo
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Description

Offering a great opportunity to own a cash flowing commercial property in the heart of Radford, within walking distance to Radford University. This property consists of six total units, the first is a newly renovated, fully operational pizza restaurant. The other five units are residential apartments; one efficiency unit, two - one bedroom units and two - two bedroom units. There is the potential to convert the commercial space into a C-Store with a similar c-store nearby producing the following revenue - Food service $183,000/ Beer and Wine $832,000/ Vape products $139,000/ Tobacco $167,000/ Soda and bev. $130,000/ All Other $113,000. Schedule your appointment today.

Features

  • Property Type: Multi Family Home
  • Sub Type: Apartment Building
  • Listing Status: Active
  • County/Area: Radford County
  • Zip Code: 24141
  • School District: Radford
  • Elementary School: McHarg/Belle Heth
  • Middle School: Dalton Inter
  • High School: Radford
  • Sq.Ft.: 5,238 sq ft
  • Style: Contemporary
  • Units: 6 units
  • Basement: Finished, Full, Outside Access, Tenant Use
  • Air Conditioning: Window Unit(S)
  • Directions: E Main St To Tyler Ave, R Onto Grove Ave, Mikes Pizza Will Be On The L.
  • Flooring: Carpet, Hardwood, Laminated, Vinyl
  • Heating: Baseboard-Electric
  • Is The Power On?: 1
  • Is The Property Rented?: Yes
  • Is The Water On?: 1
  • Miscellaneous: 1 Bedroom Units, 2 Bedroom Units
  • Parking: Carport, Off Street Parking, On Street Parking
  • Possession: At Recordation, Negotiable, Tenants Rights
  • Roofing: Shingle
  • Sewer: Public System
  • Taxes: 1988.92
  • Water: Public Water
  • Water Heater: Electric
Courtesy of Re/Max 8 - Blacksburg

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Mabry & Cox Realtors®

5323 Newbern Road
Dublin, VA 24084

540-674-4022
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