www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
25508224
25508225

2 Locations For Sale

DH
TX 734338
$2,300,000
352 days on market
Updated 115 days ago

Courthouse Lofts

Details
APN 013-1-107A & 013-1-108
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Storefront
Square Footage 13,275
Units 12
Cap Rate 6.16%
NOI $141,628
Occupancy 100%
Tenancy Multi
Price per SqFt $173
Broker Co-Op No
Year Built 1870
Year Renovated 2017, 2021
Buildings 2
Stories 3
Lot Size (SqFt) 10,357
Zoning Old & Historic District
Parking Spaces 10 spaces
Parking per 1,000 SqFt 0.75
Investment Type Stabilized
Sale Condition For sale by owner

Historic Mixed-Use property 100% leased

Marketing description

Discover a rare opportunity to acquire a meticulously maintained and fully occupied historic mixed-use property at 180 and 188 E Main Street in the heart of charming Abingdon, VA. Constructed circa 1870s, these two iconic buildings offer a diverse income stream and a prime location within a vibrant historic district.

Strategically positioned directly across from the Washington County Courthouse, the property benefits from high foot traffic and visibility. Its unparalleled walkability connects tenants and patrons to Abingdon's most cherished attractions, including the historic Martha Washington Inn & Spa, the renowned Barter Theatre, the picturesque Virginia Creeper Trail, and popular dining establishments such as Summers Roof & Cellar and The Tavern.

The property has a total of 12 units, configured to maximize occupancy and appeal: 5 residential loft apartments, 2 street-level retail units, 1 street-level office unit, and 4 loft offices. This diverse tenant base ensures stable revenue and broad market appeal.

180 E Main Street underwent a comprehensive renovation in 2017, enhancing its modern functionality while preserving its historic character. This renovation included the installation of a sprinkler system servicing four of the apartment units, providing an additional layer of safety and value. The neighboring 188 E Main Street was also extensively renovated in phases from 2019 to 2021, ensuring the entire property is in excellent condition.

Currently operating at 100% occupancy, this offering presents a turnkey investment for discerning buyers. Adding to its appeal are 10+ dedicated parking spaces, a significant amenity in a bustling downtown environment. This exceptional property combines the timeless charm of historic architecture with the benefits of modern upgrades and a robust, diversified tenancy.

Investment highlights

Strong historical occupancy and annual rent appreciation. Residential tenants have separate utility meters and pay their own utilities.

Listing Contacts

DH
TX 734338

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$141,628.00
$11,802.33/mo

Valuation Metrics

0
DSCR
6.16%
Cap Rate
6.16%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591