808 Main AveNitro, WV 25143

Property Details for 808 Main Ave

Lot size

0.32 AC

Property type

Auto shops

APN

20-27- 11-0123.0000

APU

20271101230000

Description

This exceptional owner-user opportunity presents a 9,313 square foot retail building located at 808 Main Ave, Nitro, West Virginia, 25143. Priced at $350,000 ($38 per square foot), this Class C property offers significant potential. Built in 1970, the two-story structure sits on a 0.33-acre lot and provides ample parking with a ratio of 1.07 spaces per 1,000 square feet. Currently vacant, this single-tenant building is ideal for an auto repair business or similar use. The property's location in Kanawha County offers convenient access to local transportation and a strong customer base. Its substantial size and strategic location make it an attractive investment for entrepreneurs seeking a well-established space to launch or expand their operations. The asking price represents a compelling value for a property of this size and potential in the Nitro market. This is a rare opportunity to acquire a substantial retail space in a desirable location. Don't miss out on this chance to own a piece of Nitro's commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $2,835,680

  6.5%

  $2,617,550

  7%

  $2,430,580

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,356,010

  Geo Method

  $1,356,010

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,170,600

  Mixed-Use / Specialty

  $2,581,500

  Hospitality / Lodging

  $1,859,180

  Office

  $2,538,340

  Institutional / Educational

  $2,674,170

  Residential Income

  $3,128,780

  Multifamily

  $3,900,610

  Automotive / Energy

  $2,292,150

  Parking / Income-Based Land

  $817,389

  Restaurant / Food Service

  $1,285,640

  Healthcare / Senior Housing

  $2,674,680

Location Insight

City

Nitro

County

Kanawha

State

West Virginia

Latitude

38.4033

Longitude

-81.8418

CBSA code

16620

CBSA name

CHARLESTON, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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