307 Railroad Ave - Storefront Retail/Residential FOR SALE


Ashland, VA 23005
$650,000 USD
804-307-4060
307 Railroad Ave, Ashland, VA for Sale
$650,000 USD
Storefront Retail/Residential - FOR SALE
1/48
null | Request Cap Rate

307 Railroad Ave
Ashland, VA 23005


HIGHLIGHTS

  • 1st floor retail
  • Off street parking
  • Spacious lots
  • Investment potential

OVERVIEW

One South Commercial is proud to present South Railroad Avenue, a rare mixed-use opportunity in the heart of Historic Downtown Ashland. This charming property offers over 2,700 square feet of thoughtfully designed space, featuring a street-level retail suite and a spacious two-bedroom apartment above. Situated along Railroad Avenue, with the iconic railroad tracks running just out front, the property captures the character and charm that make Ashland one of Virginia’s most beloved small towns. Step outside and you’re just moments from Ashland’s most popular local spots — The Iron Horse Restaurant, Caboose Market & Café, Homemades by Suzanne and Origin Beer Lab — all within a short stroll. The property is also steps from Randolph-Macon College, providing a steady stream of students, faculty, and visitors that keep Downtown Ashland vibrant year-round. The upstairs apartment is currently vacant and presents an immediate leasing opportunity, with rent potential of $1,800 per month or higher. Properties like 307 South Railroad Avenue seldom come to market. With its unbeatable location, historic charm, and income potential, this property is a true Ashland gem — perfect for investors or owner-occupants looking to be part of the town’s thriving downtown scene. * Active business, do not disrupt during business hours. Showings by appointment only.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$241 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown Ashland Mixed-Use Gem

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

B1

APN/PARCEL ID

7870-70-4807

ASK ABOUT THIS PROPERTY

Justin SleddOne South CommercialMore Info
804-307-4060

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Justin SleddOne South CommercialMore Info
804-307-4060

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