For Sale
$399,999

1101-1107 2Nd AveMontgomery, WV 25136

1.19 Acres, Multi-Building Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
125
This 1.19-acre commercial property in Montgomery, West Virginia, at 1101-1107 2nd Avenue (zip code 25136), is being sold at a public auction concluding Wednesday, September 18th at noon. Online bidding is available. The property comprises multiple buildings. 1101 and 1103 2nd Avenue house a turn-key laundromat generating a gross monthly income of $10,000-$12,000 (currently owner-operated), featuring two storefronts, an office, restrooms, and central heating and air conditioning. 1105 2nd Avenue offers a substantial 7,000+ square foot building, previously occupied by a Family Dollar store. This building boasts updated roofing and HVAC systems, an office, storage room, and two restrooms. Finally, 1107 2nd Avenue is a florist shop currently leased to a long-term tenant for $750 per month, including an office, storage area, a bonus room, and two restrooms. All buildings benefit from city water and sewage services. The asking price is disregarded as the property will be sold via auction. Detailed auction bidding instructions are available online. This presents a unique opportunity to acquire a multi-faceted commercial property with significant income potential.

Highlights

  • 1.19-acre commercial property at 1101-1107 2nd Avenue, Montgomery, WV 25136, selling at public auction concluding Wednesday, September 18th at noon, with online bidding available.
  • Turn-key laundromat (1101-1103 2nd Ave) generating $10,000-$12,000 gross monthly income, featuring two storefronts, office, restrooms, and HVAC.
  • 7,000+ sq ft building (1105 2nd Ave), previously a Family Dollar, with updated roof and HVAC, office, storage, and restrooms.
  • Florist shop (1107 2nd Ave) leased for $750/month, including office, storage, bonus room, and restrooms.
  • City water and sewer.

Property Details for 1101-1107 2Nd Ave

Property type
Land
Lot Size (sq. ft)
51,836 SF

Location Insight

City
Montgomery
County
54039
State
West Virginia
Latitude
38.1797359
Longitude
-81.3341602
1101-1107 2Nd Ave, Montgomery, West Virginia

FAQs

What type of property is this?
Land - 1.19 Acres, Multi-Building Opportunity
Where is the land located?
The property is located at 1101-1107 2Nd Ave Montgomery, WV.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: 1.19-acre commercial property at 1101-1107 2nd Avenue, Montgomery, WV 25136, selling at public auction concluding Wednesday, September 18th at noon, with online bidding available.; Turn-key laundromat (1101-1103 2nd Ave) generating $10,000-$12,000 gross monthly income, featuring two storefronts, office, restrooms, and HVAC.; 7,000+ sq ft building (1105 2nd Ave), previously a Family Dollar, with updated roof and HVAC, office, storage, and restrooms.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1101-1107 2Nd Ave
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