Cris Guzman - Coldwell Banker Advantage Logo
$800,000
( $47.06Per Sq Foot )
 $4,542 est/mo Sourced by Back At You

145 Suffolk Ave,Richlands, VA 24641

Richlands, VA 24641

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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.

Details

MLS #104062
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1900
Days On Site355
Listing Provided ByC&C Realty (Cordle & Company) | Alexis Fuller

Features

SQ Feet17,000
ZoningCommercial

Taxes

Property4356

Area Information

StateVA
CountyTazewell
CityRichlands
Zip Code24641
AreaRichlands
Listing VS Median (in 24641)
Price:
$800,000
low | high
Med:
$165,000
100% of Average
sqft:
17,000
low | high
Med:
2,182
100% of Average
$ / sqft:
$47
low | high
Med:
$76
10.689734188818% of Average
On site:
355
low | high
Med:
171
100% of Average
Sourced by Back At You

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MLS Internet Data Exchange (IDX) information is provided exclusively 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, and that the data is deemed reliable but is not guaranteed accurate by the South West Virginia Association of REALTORS®.

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Learn More About This Property

Cris Guzman

Cris Guzman

Coldwell Banker Advantage

230727 (919) 478-1597cguzman@homescba.com
StateVA
CountyTazewell
CityRichlands
Zip Code24641
AreaRichlands
Listing VS Median (in 24641)
Price:
$800,000
low | high
Med:
$165,000
100% of Average
sqft:
17,000
low | high
Med:
2,182
100% of Average
$ / sqft:
$47
low | high
Med:
$76
10.689734188818% of Average
On site:
355
low | high
Med:
171
100% of Average
Sourced by Back At You
Listing Updated: September 29, 2026 at 8:36:37 AM PDT