For Sale
$290,000

1085 Main StRadford, VA 24141

Mixed-use building, high rental income.

Overview

Added:
Feb 3
Days on market:
62
This exceptional mixed-use property at 1085 E Main Street, Radford, VA, presents a unique investment opportunity. Located in the heart of downtown Radford, this building offers unparalleled convenience, being within walking distance of Radford University. The main level boasts prime commercial space, currently occupied by a cannabis store on a month-to-month lease generating $1200 in monthly rent. This adaptable space is ideal for a variety of businesses, including retail, office, or specialty services. Features include a large display window and easy access parking. The flexible floor plan allows for customization to suit specific business needs. Optional equipment and inventory are available for purchase separately, priced at $210,000. Upstairs, a charming three-bedroom, one-bathroom apartment provides additional income potential. Currently leased until May 21, 2025, at a discounted rate of $600 per month, this unit typically commands rental income exceeding $1000. The property sits on a 0.2-acre lot and is priced at $290,000. This is a rare chance to acquire a versatile property with strong rental income potential in a thriving downtown location. The combination of commercial and residential space makes this an attractive investment for both owner-occupancy and rental income generation.

Property Details for 1085 Main St

Property type
Year Built
1965
Lot Size (sq. ft)
8,712 SF

Location Insight

City
Radford
County
Radford (City)
State
Virginia
Latitude
37.14077
Longitude
-80.55641
1085 Main St, Radford, Virginia

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1085 Main St
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