Courtesy of Sycamore Realtors, Joe Racek
901 Eighth Street, Radford, Virginia, 24141
2,970 Sqft
0.12 Acres
#428607
A Radford landmark, reborn. This beloved neighborhood corner store has been given a remarkable second life as a Class A mixed-use investment, restored from the studs with exceptional craftsmanship and no shortcuts. Across from Sunset Park, it offers two 2BR/1BA apartments, an efficiency and 1,260 SF of flexible commercial space. Original hardwoods were revived while structure, layouts, plumbing, wiring, HVAC, roof, windows, doors, siding, kitchens, baths, appliances and finishes were comprehensively renewed. R-15 wall/R-60 roof spray foam, enhanced fire/sound separation, four electric meters, 1-inch water service, 6-inch sewer and 6-inch gutters reveal the investment behind the beauty. Seller's pro forma projects an annual NOI of $46,500, making this a 7.44% Cap opportunity. Own an income-producing piece of Radford history built for durability and low-maintenance ownership. Buyer to verify all info deemed important. Call to schedule your private tour of this revived property today!
PROPERTY FEATURES
- Water Source : Public
- Sewer : Public Sewer
- Parking Features: Off Street, On Street
- Architectural Style : Other - See Remarks
- Cooling on Property:
- Cooling: Central Air
- Heating on Property:
- Heating : Heat Pump
- Construction Materials: Vinyl Siding
- Roof: Metal
- Basement Description : Concrete, Full, Partially Finished, Walk-Out Access
- Basement on Property:
- Appliances : Electric Water Heater
- Flooring : Ceramic Tile, Hardwood
- Laundry Features : In Basement
PROPERTY DETAILS
ID: 428607
Status: Active
Price: $595,000
Acres: 0.12 Acres
Price Per Acre: $4,837,398
Type: Multi-family
Address: 901 Eighth Street
City, State: Radford, Virginia
Zip Code: 24141
Lat/Long: 37.122831, -80.577943
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