402 Mercer StPrinceton, WV 24740

Property Details for 402 Mercer St

Lot size

0.16 AC

Property type

Retail space

APN

28-10- 10-0387.0000

APU

28101003870000

Description

This 0.19-acre commercial property located at 402 Mercer St., Princeton, WV 24740, is being offered at public auction. Currently operating as a pawn shop, the building features a large showroom and multiple back storage rooms, providing ample space for various business uses. The property boasts convenient parking, a significant advantage for both employees and customers. The auction will take place at the Mercer County Courthouse on Thursday, August 8th, at 11:30 AM. Interested parties are encouraged to attend the live auction or participate in the online bidding process. The building's square footage is not currently specified, but the substantial showroom and storage areas suggest considerable usable space. The property's location in Princeton, West Virginia, offers access to local amenities and a potentially strong customer base. Please note that the listed asking price of $98,400 is disregarded; the final sale price will be determined through the auction process. This presents a unique opportunity to acquire a commercial property in a desirable location at a competitive price. All interested parties should conduct their own due diligence prior to bidding.

• CAP approach

  CAP return

  Valuation

  6%

  $1,145,061

  6.5%

  $1,056,980

  7%

  $981,481

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,271,084

  Geo Method

  $3,029,831

• Alternative Use

  Use

  Valuation

  Residential

  $891,602

  Hospitality

  $816,703

  Educational

  $679,487

  Medical

  $702,856

  Retail

  $1,056,980

Location Insight

City

Princeton

County

Mercer

State

West Virginia

Latitude

37.3701

Longitude

-81.09

CBSA code

14140

CBSA name

BLUEFIELD, WV-VA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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