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$ 650,000
Est. payment /mo
New
307 S Railroad AVE Ashland, VA 23005
2,700 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $240
MLS Listing ID 2532540
Style Two Story
Construction Status Approximate
HOA Y/N No
Year Built 1900
Annual Tax Amount $2,418
Tax Year 2025
Lot Size 6,795 Sqft
Acres 0.156
Property Sub-Type Duplex
Property Description
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. Behind the building, a large private parking lot offers convenient access for both residents and customers — a true rarity in this walkable downtown setting.
The property also includes a nice backyard, adding flexibility and outdoor appeal. 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.
The property also includes a nice backyard, adding flexibility and outdoor appeal. 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.
Location
State VA
County Hanover
Area 36 - Hanover
Exterior
Fence Back Yard, Partial
Roof Type Flat
Porch Deck, Front Porch
Garage No
Building
Story 2
Sewer Public Sewer
Water Public
Architectural Style Two Story
Level or Stories Two
Structure Type Frame,Vinyl Siding
Construction Status Approximate
Schools
Elementary Schools Ashland
Middle Schools Liberty
High Schools Patrick Henry
Others
Tax ID 7870-70-4807
Ownership Individuals
Listed by One South Commercial LLC