307 S Railroad Avenue, Ashland, VA 23005 (MLS # 2532540)
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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.
| DAYS ON MARKET | 2 | LAST UPDATED | 12/2/2025 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1900 |
| COMMUNITY | 36 - Hanover | COUNTY | Hanover |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Ashland |
|---|---|
| Jr. High School | Liberty |
| High School | Patrick Henry |
| ADDITIONAL DETAILS | |
| AREA | 36 - Hanover |
|---|---|
| CONSTRUCTION | Frame, Vinyl Siding |
| GARAGE | Yes |
| LOT | 6795 sq ft |
| PARKING | No Garage, Off Street |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Two Story |
| SUBDIVISION | None |
| TAXES | 2418.66 |
| WATER | Public |
| ZONING | B1 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Listed with One South Commercial LLC
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Last Updated: 12/4/25 7:46 AM PST
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