1026 Mildred StRanson, WV 25438

Property Details for 1026 Mildred St

Lot size

1.80 AC

Property type

Retail space

APN

19-02- 7-0014.0000

APU

1902700140000

Description

This exceptional 1.8-acre commercial property in Ranson, WV, presents a remarkable investment opportunity. Located on Charles Town Road, the property boasts over 200 feet of road frontage and convenient rail access. The existing building, featuring a recently installed (2024) metal roof, houses a diverse mix of income-generating tenants. Currently, the property includes twelve mobile home spaces (ground rent only), one mobile home (full rent), two apartments, and one commercial tenant. The apartments are spacious, with one offering three bedrooms and two bathrooms, and the other featuring two bedrooms and one bathroom. All tenants are on month-to-month agreements, providing flexibility for future development. There's also room for three to four additional mobile homes. The second roof above the apartments is approximately ten years old. The property's substantial size and strategic location offer significant potential for redevelopment or expansion, subject to local ordinances. The 78,408 square foot property is priced at $1,100,000. This is a rare chance to acquire a versatile income-producing asset with considerable upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $27,433,004

  6.5%

  $25,322,774

  7%

  $23,514,004

• Comparable approach

  Method

  Valuation

  Relative Method

  $39,505,776

  Geo Method

  $39,505,776

• Alternative Use

  Use

  Valuation

  Residential

  $21,360,706

  Hospitality

  $19,566,292

  Educational

  $16,278,926

  Medical

  $16,838,782

  Retail

  $25,322,774

Location Insight

City

Ranson

County

Jefferson

State

West Virginia

Latitude

39.3082

Longitude

-77.863

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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