3032 Cumberland RdBluefield, WV 24701
- Retail properties
- 11.40 AC
Property Details for 3032 Cumberland Rd
- Lot size
- 11.40 AC
- Property type
- Retail properties
- Property subtype
- Strip malls
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $80,087,208
- 6.5%
- $73,926,656
- 7%
- $68,646,176
-
Comparable approach
- Method
- Valuation
- Relative Method
- $158,842,848
- Geo Method
- $211,910,672
-
Alternative Use
- Use
- Valuation
- Residential
- $62,359,900
- Hospitality
- $57,121,332
- Educational
- $47,524,276
- Medical
- $49,158,712
- Retail
- $73,926,656
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
Comparable in this City
Similar Nearby for Sale
FAQs
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