2335 Chesterfield AveCharleston, WV 25304

Property Details for 2335 Chesterfield Ave

Lot size

3.10 AC

Property type

Medical offices

Property subtype

Medical centers

APN

20-13- 20-0090.0000

APU

20132000900000

Description

This exceptional three-story Class B medical office building, located at 2335 Chesterfield Ave in Charleston, West Virginia, presents a compelling investment opportunity for both owner-occupants and investors. Boasting 40,000 square feet of space, the property is situated on a generous 3.44-acre lot within the R-10 Mixed Use District, offering significant flexibility and potential for future development. Built in 2007, the building is well-maintained and features ample parking with 57 spaces available. The asking price is $5,500,000, translating to a competitive price per square foot of $137.50. The property currently generates positive cash flow, making it an attractive option for those seeking immediate return on investment. Its prime location in Charleston, within Kanawha County, and its zoning designation provide excellent access to a thriving medical community and diverse range of potential uses. This is an ideal opportunity to acquire a substantial medical office building with existing income streams and significant upside potential. The property's size and location make it suitable for a variety of medical practices or expansion opportunities. With its substantial square footage and ample parking, this property offers a rare combination of size, location, and income potential in the Charleston market. The 25304 zip code ensures convenient access to major transportation routes and local amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $23,505,620

  6.5%

  $21,697,494

  7%

  $20,147,674

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,631,267

  Geo Method

  $12,631,267

• Alternative Use

  Use

  Valuation

  Residential

  $26,904,894

  Hospitality

  $24,644,738

  Educational

  $20,504,132

  Medical

  $21,209,302

  Retail

  $31,895,318

Location Insight

City

Charleston

County

Kanawha

State

West Virginia

Latitude

38.3304

Longitude

-81.6157

CBSA code

16620

CBSA name

CHARLESTON, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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