10 Irving Ave N - Apartments FOR SALE


Colonial Beach, VA 22443
$999,876 USD
804-224-3501
10 Irving Ave N, Colonial Beach, VA for Sale
$999,876 USD
Apartments - FOR SALE
1/68
null | 10% Cap Rate

10 Irving Ave N
Colonial Beach, VA 22443


OVERVIEW

The Cell Block Residences – A One-of-a-Kind Downtown Colonial Beach Opportunity Located just one block from the Potomac River, this truly unique property—known as The Cell Block Residences—offers a rare blend of history, design, and income potential in the heart of downtown Colonial Beach. Originally the town’s historic Fire Department turned Police Department, this iconic building was fully renovated in 2023 into three elevated residential units plus an adjoining commercial space, all thoughtfully designed to maximize usability and long-term value. The main level features two fully furnished 1-bedroom, 1-bath units, each with its own full kitchen and washer/dryer. These units can be rented individually or opened to function as one larger living space, offering exceptional flexibility for short-term, mid-term, or long-term rental strategies. Upstairs, you’ll find a spacious 2-bedroom, 1.5-bath unit, with the added potential to create a third bedroom or office using space currently reserved for owner storage. Both the front main-level unit and the upper-level unit enjoy Potomac River views, adding to their rental appeal. Throughout the building, intentional design elements elevate the space—exposed brick, steel beams, sound-dampening materials, and creative use of every square foot reflect a renovation done with both style and function in mind. The adjoining commercial space, currently untouched and still featuring the original jail cells, offers a rare opportunity for future income or adaptive reuse—perfect for a boutique business, gallery, tasting room, or creative concept that fits the downtown vibe. A paved parking lot with approximately 10 spaces supports both residential and commercial use—an invaluable asset in a walkable downtown setting. The residential units have a proven rental history, successfully operating as short-term, mid-term, and long-term rentals with minimal vacancy—making this an ideal opportunity for investors or owner-operators. Located just steps from the town pier, public beaches, boardwalk, restaurants, and boutiques, this property sits at the center of everything that makes Colonial Beach such a sought-after destination. Whether you’re looking to invest, expand a portfolio, or own a truly distinctive downtown property, The Cell Block Residences offers unmatched character, flexibility, and location.

FOR SALE DETAILS

PRICE

$999,876 USD

PRICE/SF

$312 USD /SF

# OF UNITS

4

PRICE/UNIT

$249,969

CAP RATE

10%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cell Block Residences

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,547 SF

ZONING

R/C

APN/PARCEL ID

3A2-2-75-10

ASK ABOUT THIS PROPERTY

Jessica AnthonyColdwell Banker EliteMore Info
804-224-3501

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Jessica AnthonyColdwell Banker EliteMore Info
804-224-3501

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.