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145 Suffolk Ave, Richlands, VA 24641

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For Sale

$900,000

17,000 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • $52.94
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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. Two spaces (one retail, one storage) provide immediate growth potential for new leases. 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# 104062

Courtesy Of C&C REALTY (CORDLE & COMPANY)

(276) 345-9449

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Floor Covering
    Carpet, Tile, Vinyl
  • Roof Type
    Metal

Map and Directions

Directions to 145 Suffolk Ave, Richlands, VA 24641

Home seller CENTURY 21 Prime Properties, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Prime Properties, Inc.

(276) 988-3870
Learn More About Us

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Copyright © 2025 Southwest Virginia Association of Realtors. 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.

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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.