112 Lee StCharleston, WV 25302

Property Details for 112 Lee St

Lot size

0.05 AC

Property type

Office buildings

APN

20-12- 27-0136.0000

APU

20122701360000

Description

This exceptional 1,546 square foot commercial office space at 112 W Lee Street, Unit 112, Charleston, WV, presents a compelling investment opportunity. Ideally situated for convenient access to the interstate highway system, this property enjoys a prime location just a short distance from the Charleston Civic Center and a new sports center, ensuring high visibility and accessibility. The C-10 zoning allows for a wide variety of commercial uses, providing flexibility for diverse business ventures. The building offers ample on-site parking accommodating six vehicles, a significant advantage for both employees and clients. This presents a unique chance to establish or expand a business in a thriving area with excellent infrastructure and proximity to key city amenities. The property's strategic location and versatile zoning make it an attractive proposition for entrepreneurs and established businesses alike, offering significant potential for growth and return on investment. The building's size and parking capabilities make it suitable for a range of commercial applications, from professional offices to retail spaces. This is a rare opportunity to acquire a well-positioned commercial property in a rapidly developing area of Charleston. The property is priced at $200,000.

• CAP approach

  CAP return

  Valuation

  6%

  $379,123

  6.5%

  $349,960

  7%

  $324,962

• Comparable approach

  Method

  Valuation

  Relative Method

  $203,730

  Geo Method

  $203,730

• Alternative Use

  Use

  Valuation

  Residential

  $433,950

  Hospitality

  $397,496

  Educational

  $330,712

  Medical

  $342,086

  Retail

  $514,441

Location Insight

City

Charleston

County

Kanawha

State

West Virginia

Latitude

38.3597

Longitude

-81.6416

CBSA code

16620

CBSA name

CHARLESTON, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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