3032 Cumberland RdBluefield, WV 24701

  • Retail properties
  • 11.40 AC
For Lease

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
3032 Cumberland Rd, Bluefield, West Virginia

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$61,225
$722,760
$1,484,340
$2,207,100
-
$1,204,600
$2,473,900
$3,678,500

FAQs

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