158 Pike StClarksburg, WV 26301

Property Details for 158 Pike St

Year built

2021

Property size (Sq ft)

3,075 SF

Property type

Specialty properties

Property subtype

Other specialty properties

Description

This exceptional investment opportunity presents the Main Post Office of Clarksburg, West Virginia, located at 158 W Pike St, Clarksburg, WV 26301. The property, built in 2021 to USPS specifications, boasts a substantial 3,075 square feet on a 38,400 square foot lot. Currently occupied by the United States Postal Service under a single-tenant, 15-year lease commencing June 22, 2021, and expiring June 22, 2036, this offers a remaining lease term of approximately 11.6 years with 100% occupancy since its opening. The property features one loading dock. The asking price is $2,322,000, translating to a price per square foot of $755.12 and a compelling 6.11% cap rate based on a Net Operating Income (NOI) of $141,979. The lease includes a USPS partial maintenance rider and a USPS tax reimbursement rider, providing additional security and financial benefits to the investor. As the county seat post office for Harrison County, this property offers exceptional stability and long-term value in a prime location. This is a rare opportunity to acquire a newly constructed, high-quality, single-tenant post office with a strong, creditworthy tenant and a significant remaining lease term. The building is a single-story structure.

Location Insight

City

Clarksburg

County

Harrison

State

West Virginia

Latitude

39.2798

Longitude

-80.3375

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