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501 Front Street, Coeburn, VA 24230

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For Sale

$275,000

Estimated Payment

$ 1,454 /mo. †

6.85% APR for 30 yrs.
$153 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Over 50 Years Old
    Age

Explore this Property

Discover Coeburn's architectural gem the town's largest 3-story building, a rare find brimming with potential! This unique property offers a blend of commercial and residential spaces, perfectly positioned to be a key player in the revitalization of Coeburn's historic downtown. Ground Floor: The spacious commercial area is ideal for a variety of businesses, from a cozy café or trendy eatery to a vibrant service-oriented enterprise. The foot traffic and visibility here are unmatched, making it a prime spot for your business vision to come to life. This level also has 1 well-laid-out apartment. Second Floor: This level boasts 4 well-laid-out apartments, ready to generate steady rental income. With the demand for housing in the area, these units offer a great opportunity for passive income or could be upgraded to attract premium tenants. Third Floor: This level has 1 well-laid-out apartment & a partially built out area, this floor features a stage and expansive windows with views of Front Street. This space is perfect for a community gathering spot, an event venue, or even a unique loft-style apartment, offering endless possibilities for creative use. The current owner is open to seller financing with specific terms, making this an even more attractive investment opportunity. Whether you're an entrepreneur looking to establish a business, a savvy investor seeking rental income, or someone with a vision for both, this property is your canvas. Don't miss out on owning a piece of Coeburn's history. This building is not just a property; it's a cornerstone of the town's past with the potential to shape its future. Seize this rare opportunity and make your mark on Coeburn's downtown revival!
MLS# 9957462

Courtesy Of VIP HOME REALTY

(813) 307-0007

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Floor Covering
    Hardwood

Map and Directions

Directions to 501 Front Street, Coeburn, VA 24230

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $1,442
  • Property Taxes
    $12
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $1,454

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Coeburn Primary School

Grades PK-4 Public School

Coeburn, VA 24230 1 miles
332 schoolhouse hill dr ne

401 total students
14:1 Student teacher ratio

School Rating: A+

School Details

J.w. Adams Combined

Grades PK-8 Public School

Pound, VA 24279 13.3 miles
10824 orby cantrell hwy

450 total students
13:1 Student teacher ratio

School Rating: A

School Details

Union Primary School

Grades PK-4 Public School

Big Stone Gap, VA 24219 14.6 miles
2945 2nd ave e

756 total students
15:1 Student teacher ratio

School Rating: A

School Details

St. Paul Elementary School

Grades PK-8 Public School

Saint Paul, VA 24283 9.9 miles
3200 deacon drive

357 total students
13:1 Student teacher ratio

School Rating: A

School Details

Wise Primary School

Grades PK-4 Public School

Wise, VA 24293 5.6 miles
323 railroad ave se

569 total students
13:1 Student teacher ratio

School Rating: B

School Details

Coeburn Middle School

Grades 5-8 Public School

Coeburn, VA 24230 1.1 miles
518 centre ave ne

340 total students
12:1 Student teacher ratio

School Rating: B

School Details

Union Middle School

Grades 5-8 Public School

Big Stone Gap, VA 24219 14.4 miles
3137 second avenue east

634 total students
15:1 Student teacher ratio

School Rating: B-

School Details

L.f. Addington Middle School

Grades 5-8 Public School

Wise, VA 24293 5.5 miles
324 school st

493 total students
13:1 Student teacher ratio

School Rating: A

School Details

Central High School

Grades 9-12 Public School

Norton, VA 24273 6.3 miles
5000 warrior dr

606 total students
16:1 Student teacher ratio

School Rating: A

School Details

Eastside High School

Grades 9-12 Public School

Coeburn, VA 24230 0.9 miles
314 schoolhouse hill dr ne

402 total students
14:1 Student teacher ratio

School Rating: B

School Details

Union High School

Grades 9-12 Public School

Big Stone Gap, VA 24219 14.6 miles
322 powell valley rd

534 total students
14:1 Student teacher ratio

School Rating: B+

School Details
Other Nearby Schools Distance Type Grades School Rating
Minnick Education Center - Wise 5.4 miles Private 4-8
Wise County Career-technical Center 5.4 miles Public UG
Regional Learning Academy/wise County 5.5 miles Public UG
Wise County Alternative Education Center 5.5 miles Public UG

Minnick Education Center - Wise

Distance: 5.4 miles

Type Private

Grades: 4-8

Wise County Career-technical Center

Distance: 5.4 miles

Type Public

Grades: UG

Regional Learning Academy/wise County

Distance: 5.5 miles

Type Public

Grades: UG

Wise County Alternative Education Center

Distance: 5.5 miles

Type Public

Grades: UG

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Coeburn, VA 24230

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Coeburn, VA 24230

This community’s employment is highest in the sales and food industries. The area’s overall household expenses are below the national average.

82° July
Hottest Average Month
23° January
Coldest Average Month
3,443 Total Households in Area
-0.6% Increase in population since the year 2010
34.9%
of households
have children
25 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Coeburn, VA 24230

Coeburn, VA 24230 has a population of 8,164 people in 3,443 households with a median age of 42.7 years old.

-0.6%
Decrease in population
since the year 2010
Population is Trending down
3,459
Total households as of 2010
-0.3%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 42.7 years old. The smallest percentage group is 35-44 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 94%
Black 2%
Hispanic <1%
Other <1%
Asian <1%
Native American <1%
The most prevalent ethnicity is White at 94%, followed by Black at 2%, Hispanic at <1%, and Other at <1%.

Economics
for Coeburn, VA 24230

66 /sq mi
Population Density
$44,817 /yr
Median Household Income
$110,000
Median Sales Price
25 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is Under $15k representing 23.97% of the households.

Transportation to Work

  • Drive 91%
  • Work from Home 5%
  • Walk or Bike 3%
  • Public Transit 1%

Occupancy by Type

Owned 2,533 61%
Rented 911 22%
Vacant 729 17%

White vs Blue Collar Jobs







White Collar 67%
Blue Collar 33%

Family & Education Facts
for Coeburn, VA 24230

42.7 Median Age

Average Household Size

2.3
persons per
household

51.6%

Married Households

Community Population By Education

High School Graduate 38%
Some High School 25%
Some College 16%
Bachelors Degree 9%
Associates Degree 9%
Graduate Degree 4%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 38.22% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
34.9% of households have children

Weather
for Coeburn, VA 24230

The weather for this area ranges from a high of 82° F in July to a low of 23° F in January

82° July
Hottest Average Month
23° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
23°
42°
Feb
25°
47°
Mar
32°
56°
Apr
40°
66°
May
49°
73°
Jun
56°
79°
Jul
61°
82°
Aug
60°
81°
Sep
53°
76°
Oct
41°
67°
Nov
33°
56°
Dec
26°
46°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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