1002 Main Street, Dillwyn, VA 23936

sale $525,000 | Commercial-Other

Listed By CENTURY 21 Realty @ Home

Prime mixed use investment opportunity in the heart of Dillwyn, VA. Located on the town's main corridor, this well maintained commercial building was fully renovated with updated electrical systems, city water, and city sewer. The first floor features approximately 1,726 sq ft of commercial space, currently set up for a restaurant, offering excellent visibility and strong potential for owner operator or leased commercial use. The second floor includes two updated 2 bedroom, 1 bath apartments, each approximately 700 sq ft, featuring original hardwood floors, walk in closets, dishwashers, and in unit washer/dryer hookups, with charming views of the historic Buckingham Branch Railroad Station and town clock. Income producing property with multiple revenue streams. Residential units are well suited for long term or workforce housing, while the commercial space offers additional upside through restaurant or retail tenancy. Pro forma rents support attractive cash flow and a strong cap rate, with value add potential through lease optimization or commercial build out. Ideal for investors seeking stable income with long term appreciation in a growing small town market

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Property Features

Building Area: 3452.00 SF
Cross Docks: N
Exterior Description: Brick
For Auction: N
Lot Description: Corner
MLSID: 58148
Parking Places: 0
Price Per Area: 152.09
Price Upon Request: N
Road Type: City / Town Street
Roof: Rubber
Style: Other Style
Sublease: N
Taxes: $2166.30