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$850,000

For Sale

5 months ago

145 Suffolk Ave, Richlands, VA

House

MLS® 104062

0 Bed

0 Bath

17000 sqft

10 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size 17000 sqft
Garage 
Taxes $4,357
Days Active 157
Lot Size 
Approx. Age 1900
Avg. Price Per Sqft $50
MLS® Number 104062

Property Address: 145 Suffolk Ave, Richlands, VA, 24641-2434

Average square foot calculated using Size range provided by listing agent.

Description

Investment Opportunity – 125, 129 & 145 Suffolk Ave, Richlands, VA Calling all investors! This rare mixed-use portfolio in downtown Richlands includes three adjoining properties offering a strong and diverse income stream. Featuring five commercial units, one storage space, and seven renovated apartments plus one unfinished apartment, this investment combines residential and commercial opportunities under one roof. Current tenants include a long-term optometry office, hair salon, med-spa, retail boutique, and established residential renters. One retail space provides immediate growth potential for a new lease. All units are on separate utilities, minimizing owner expenses. The property has a metal and rubber roof, with one side recently replaced for long-term durability. Apartments feature low-maintenance interiors with baseboard heat, window A/C, and updated finishes. Tenants enjoy convenient back-lot parking and proximity to local amenities. This property offers stable, predictable income with built-in annual rent increases and a proven tenant history. With its prime Suffolk Avenue location, updated structure, and mix of professional, retail, and residential tenants, it's an ideal investment for those seeking dependable cash flow and long-term value in the Southwest Virginia market.
MLS® Number104062
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
Basement
DrivewayParking 10+ Spaces
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 9, 2025List Date
$850,000List Price
  • Commute

Commute

Starting Address
Destination Address
145 Suffolk Ave, Richlands, VA

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