For Sale
$2,899,000

2242 Williams HwyWilliamstown, WV 26187

Multi-tenant flex space, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully leased, multi-tenant commercial property located at 2242 Williams Hwy, Williamstown, WV 26187. Boaz Business Park encompasses 31,543 square feet across two single-story buildings situated on a 2.19-acre lot (APN: 54-12-230-00S30000). Built in 1993, this Class C property boasts a diverse mix of eight tenants, achieving 100% occupancy and generating a strong net operating income (NOI) of $201,588, resulting in a compelling 6.95% cap rate. The property's diverse tenant base includes a mix of regional and local businesses, providing stability and consistent rental income. The property is categorized as Industrial, Mixed Use, Office, and Retail, with subtypes including Flex, Storefront, and Warehouse space, making it suitable for a variety of businesses. The lease type is NNN (Net, Net, Net), minimizing landlord responsibilities. This stabilized asset offers a rare chance to acquire a well-maintained, multi-tenant center with a proven track record of success, built and managed by the same owners for over 30 years. The asking price for this prime investment property is $2,899,000.

Highlights

  • Fully leased, multi-tenant commercial property at 2242 Williams Hwy, Williamstown, WV 26187.
  • Diverse mix of regional and local tenants providing stable income.
  • Stabilized, fully leased property with a strong tenant history and proven track record.

Property Details for 2242 Williams Hwy

Property type
Warehouses, Retail properties
Square Feet
31,543 SF
Class
C
Year Built
1993
Buildings
2
Stories
1
Lot Size (sq. ft)
95,396 SF

Location Insight

City
Williamstown
County
Wood
State
West Virginia
Latitude
39.363373740576
Longitude
-81.491072759748
2242 Williams Hwy, Williamstown, West Virginia

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2242 Williams Hwy
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