Since 1992, the Alleghany Building has been one of the contributing structures in the Clifton Forge Commercial Historic District. Throughout its history, the Alleghany Building has contained a combination of commercial and residential space.  Today, it has three street-level commercial spaces, four efficiency apartments, and 16 one-bedroom apartments.

Each apartment comes with a dishwasher, microwave, refrigerator, and range.  There is a coin-operated laundry facility on premises.  Limited off-street parking is available.

Rents are structured to be affordable to individuals, couples, and families whose income falls at or below 60% of the area median income.  Electric, Gas, Water, Sewer, and Trash are included in the rent.  Housing Choice Vouchers are accepted.

The Alleghany Building is owned by the Virginia Community Development Corporation and managed by South River Development Corporation.

From the National Register of Historic Places Registration Form:

“Also imposing, but less finely detailed, is the three-story 1905 Alleghany Building, which faces the Masonic Theatre across the intersection of Main and East Ridgeway streets.  The Alleghany Building was built by the Alleghany Construction Company (successor to A. J. Acord’s lumberyard and construction firm) as its office building and as rental commercial and apartment space.  The second-story offices are reached by a wide staircase rising from the street and are served by a hallway with pressed-metal-sheathed walls and ceilings.  The basement, originally used by a wholesale grocer, has the character of an undercroft with interior load-bearing walls regularly broken by broad archways (now bricked up).

The Alleghany Building represents the only surviving example of a building type that was formerly more common in Clifton Forge.  The 1891 Nettleton Building and the 1904 Carpenter & Boxley Building, both now demolished, and the Alleghany Building were built by leading construction and development firms and featured banks as their principal street-level tenants.  The Alleghany Building’s principal early tenant was the Clifton Forge National Bank, which was presumably connected financially to the Alleghany Construction Company.  Through their scale and the importance of the activities carried out in them, these buildings dominated the commercial life of the turn-of-the-century Clifton Forge.” Pg 15-16

505-511: Alleghany Building.  1905.  Neoclassical, 3-story, brick (buff colored), shed roof with decorative parapet and pressed metal modillion cornice, front façade divided into five bays by brick quoining, third-story front windows surmounted by round arches, aluminum storefronts with aluminum awnings and linked across the top by an original cornice with paterae; segmental-arched fenestration on 4-story rear elevation.  The hallways on the interior have pressed metal walls and ceilings.  The Alleghany Building was designed by the Lynchburg firm of Frye & Chesterman in 1905 and was then known as the Alleghany Construction Company store and office building.  Early occupants of the building were the Clifton Forge National Bank, Sentz Jewelry Store, a clothing store, a billiard parlor, a wholesale grocery, and professional offices.  Apartments on the third story were occupied primarily by C&O workers during the 1910s.” pg 34-35