2103 Chestnut StKenova, WV 25530

Property Details for 2103 Chestnut St

Lot size

1.22 AC

Property type

Retail properties

Property subtype

Retail space

APN

50-07- 8-0412.0000

APU

5007804120000

Description

This exceptional 1.2-acre property located at 2103 Chestnut Street in Kenova, West Virginia, presents a unique investment opportunity. Situated in Kenova, this expansive lot offers significant potential for a variety of commercial or residential developments. The property's size provides ample space for construction, allowing for flexibility in design and functionality. The address, 2103 Chestnut Street, ensures convenient access to local amenities and transportation routes within Kenova. The asking price of $299,000 represents a compelling value for a property of this size and location in West Virginia. Given the substantial acreage, this lot is ideal for developers seeking a large footprint for a new project. The absence of existing structures allows for complete design freedom, enabling the creation of a bespoke development tailored to specific needs. This presents a rare chance to acquire a significant parcel of land in a desirable location, offering substantial potential for future growth and return on investment. The property's location in Kenova offers access to a range of local services and infrastructure, making it an attractive proposition for businesses and individuals alike. Serious inquiries are encouraged to explore the possibilities this prime Kenova property offers. The 1.2-acre lot provides a blank canvas for ambitious development plans, promising a rewarding venture for the right buyer. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $13,167,406

  6.5%

  $12,154,529

  7%

  $11,286,348

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,526,910

  Geo Method

  $12,526,910

• Alternative Use

  Use

  Valuation

  Residential

  $10,252,800

  Hospitality

  $9,391,509

  Educational

  $7,813,626

  Medical

  $8,082,348

  Retail

  $12,154,529

Location Insight

City

Kenova

County

Wayne

State

West Virginia

Latitude

38.4031

Longitude

-82.5895

CBSA code

26580

CBSA name

HUNTINGTON-ASHLAND, WV-KY-OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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