4701 Maccorkle AveCharleston, WV 25304

Property Details for 4701 Maccorkle Ave

Lot size

0.53 AC

Property type

Office buildings

APN

20-13- 13-0061.0000

APU

20131300610000

Description

Exceptional investment opportunity: a 13,635 square foot, two-story Class B office building in Charleston, West Virginia, situated at 4701 MacCorkle Ave SE, zip code 25304. This property, built in 1980 and extensively renovated in 2021 and 2011, boasts a brick exterior, flat roof, and high-quality finishes. The building, located on a 22,500 square foot lot (APN: 13-13-0061-0000-0000), offers ample on-site parking for 50 vehicles. Zoned R-O (Residential Office District), it's adaptable for various uses, including general or medical office space. Recent renovations included updated flooring, lighting, ceiling tiles, cosmetic improvements, technological and safety features, and HVAC upgrades. The layout was also redesigned. Previously occupied by the State of West Virginia and a private counseling service, this property presents a strong return on investment at an asking price of $1,600,000 ($117.35/sq ft). The building's versatile design and prime location in the Kanawha City section of Charleston, at the southeast corner of MacCorkle Avenue and 47th Street, make it an attractive prospect for discerning investors. The property is suitable for executive, medical, or traditional office use.

• CAP approach

  CAP return

  Valuation

  6%

  $4,018,738

  6.5%

  $3,709,604

  7%

  $3,444,632

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,159,558

  Geo Method

  $2,159,558

• Alternative Use

  Use

  Valuation

  Residential

  $4,599,908

  Hospitality

  $4,213,492

  Educational

  $3,505,576

  Medical

  $3,626,138

  Retail

  $5,453,118

Location Insight

City

Charleston

County

Kanawha

State

West Virginia

Latitude

38.3211

Longitude

-81.5816

CBSA code

16620

CBSA name

CHARLESTON, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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