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Downtown Ashland Mixed-Use Gem 307 Railroad Ave 2,700 SF 100% Leased Retail Building Ashland, VA 23005 $907,348 CAD ($336.05 CAD/SF)
INVESTMENT HIGHLIGHTS
- 1st floor retail
- Spacious lots
- Off street parking
- Investment potential
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,700 SF
Building Class
C
Year Built
1900
Price
$907,348 CAD
Price Per SF
$336.05 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.41
Lot Size
0.15 AC
Zoning
B1
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7870-70-4807 | Improvements Assessment | $304,948 CAD |
| Land Assessment | $112,173 CAD | Total Assessment | $417,120 CAD |
PROPERTY TAXES
Parcel Number
7870-70-4807
Land Assessment
$112,173 CAD
Improvements Assessment
$304,948 CAD
Total Assessment
$417,120 CAD
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Downtown Ashland Mixed-Use Gem | 307 Railroad Ave
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