109 Chase DrHurricane, WV 25526

  • Office properties
  • 0.12 AC
For Sale

Property Details for 109 Chase Dr

Lot size
0.12 AC
Property type
Office properties
Property subtype
Office buildings
APN
40-11-222R-0018.0000
APU
4011222R00180000

Description

This exceptional Class A office building, located at 109 Chase Drive in Hurricane, West Virginia, presents a unique investment opportunity. Built in 2008, this two-story structure is situated within the desirable Chase Park Commercial Business Park, offering convenient access to both the Teays Valley and Hurricane exits (approximately 2.5 miles from each). The property features a total of 0 square feet (exact square footage to be determined), and is currently vacant, allowing for immediate occupancy. The second floor boasts a well-designed layout including a reception area, four individual offices, a dedicated conference room, a kitchen, a shared common workspace, and a bathroom. Ample shared parking is available for tenants and visitors. The property is listed as a gross lease, simplifying the financial aspects of tenancy. The building's APN is 11-222R-0018-0000-0000. This property is ideally suited for a variety of businesses seeking a modern, well-maintained office space in a prime location within Putnam County, WV, zip code 25526. The property type is listed as Office and Land. Further details regarding square footage are available upon request.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $909,860
    6.5%
    $839,871
    7%
    $779,880
  • Comparable approach

    Method
    Valuation
    Relative Method
    $488,934
    Geo Method
    $488,934
  • Alternative Use

    Use
    Valuation
    Residential
    $1,041,440
    Hospitality
    $953,953
    Educational
    $793,678
    Medical
    $820,974
    Retail
    $1,234,610
109 Chase Dr, Hurricane, West Virginia

Location Insight

City
Hurricane
County
Putnam
State
West Virginia
Latitude
38.4431
Longitude
-81.9752
CBSA code
26580
CBSA name
HUNTINGTON-ASHLAND, WV-KY-OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$4,713
$31,380
$177,720
$209,100
-
$52,300
$296,200
$348,500

FAQs

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