3010 Short Creek RdRacine, WV 25165

Property Details for 3010 Short Creek Rd

Lot size

0.07 AC

Property type

Office buildings

APN

03-06- 4A-0004.0000

APU

03064A00040000

Description

This exceptional commercial property, located at 3010 Short Creek Road in Racine, West Virginia, presents a unique investment opportunity. Priced at $119,000, this 0-unit retail land parcel offers significant potential for a variety of commercial ventures. Currently utilized as a post office, the property boasts a strategic location within Boone County, WV, zip code 25165, providing excellent visibility and accessibility. The site's geographic coordinates are 38.1471369 latitude and -81.6522869 longitude. The property is classified as both retail and land, falling under the commercial subtype. This presents a blank canvas for entrepreneurs seeking to establish a new business or redevelop an existing one. The property's current use as a post office speaks to its established presence and potential for continued success in a variety of commercial applications. Given its location and current use, this property represents a compelling investment opportunity in a growing West Virginia market. Serious inquiries are encouraged to explore the possibilities this prime retail land parcel offers. The asking price reflects the property's value and potential for future growth. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $538,396

  6.5%

  $496,981

  7%

  $461,483

• Comparable approach

  Method

  Valuation

  Relative Method

  $289,319

  Geo Method

  $289,319

• Alternative Use

  Use

  Valuation

  Residential

  $616,257

  Hospitality

  $564,488

  Educational

  $469,647

  Medical

  $485,799

  Retail

  $730,562

Location Insight

City

Racine

County

Boone

State

West Virginia

Latitude

38.1583

Longitude

-81.6412

CBSA code

16620

CBSA name

CHARLESTON, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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