3032 Cumberland RdBluefield, WV 24701

Property Details for 3032 Cumberland Rd

Lot size

11.40 AC

Property type

Strip malls

Property subtype

Neighborhood centers

APN

28-03- 54-0124.0000

APU

28035401240000

Description

Bluefield Plaza Shopping Center, located at 3032 E Cumberland Rd, Bluefield, WV 24701, presents a significant retail opportunity. This single-tenant property boasts a substantial 39,597 square feet of vacant space, ideal for a large-format retailer or a business requiring significant space. The property is situated in Mercer County, West Virginia, offering excellent visibility and accessibility. With a generous 1,000 parking spaces, ample customer parking is ensured, promoting convenience and a positive shopping experience. The building's size and parking capacity make it suitable for a wide range of retail uses, from grocery stores and big-box retailers to furniture showrooms or other large-scale businesses. The property is currently entirely vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. This presents a unique chance to establish a prominent presence in the Bluefield market. The property's location offers easy access for customers and employees alike, contributing to its overall appeal and potential for success. Interested parties are encouraged to inquire for further details and leasing information. The property is classified as retail and is available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $67,477,800

  6.5%

  $62,287,200

  7%

  $57,838,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $65,554,200

  Geo Method

  $87,455,200

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $127,181,000

  Mixed-Use / Specialty

  $59,755,900

  Hospitality / Lodging

  $40,834,400

  Office

  $56,995,600

  Institutional / Educational

  $61,296,700

  Residential Income

  $71,717,100

  Multifamily

  $98,815,800

  Automotive / Energy

  $52,540,000

  Parking / Income-Based Land

  $20,412,400

  Restaurant / Food Service

  $26,151,100

  Healthcare / Senior Housing

  $63,646,600

Location Insight

City

Bluefield

County

Mercer

State

West Virginia

Latitude

37.2525

Longitude

-81.2053

CBSA code

14140

CBSA name

BLUEFIELD, WV-VA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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