1108 3Rd AveHuntington, WV 25701

Property Details for 1108 3Rd Ave

Lot size

0.16 AC

Property type

Office properties

Property subtype

Office buildings

APN

06-05- 18-0017.0000

APU

6051800170000

Description

This exceptional investment opportunity presents a meticulously renovated, seven-story Class B office building located at 1108 3rd Avenue in Huntington, West Virginia. The property, encompassing 56,380 square feet on a 0.16-acre lot, is ideally situated just one block from Pullman Square, providing unparalleled access to Huntington's vibrant dining, shopping, and entertainment scene. The building boasts a desirable multi-tenant occupancy with ten current tenants, all credit-rated, operating under a gross lease structure. The asking price is $2,300,000. Features include a rooftop deck and on-site parking, adding significant value and appeal. This historically renovated building represents a rare chance to acquire a substantial piece of Huntington's downtown legacy, offering a strong return on investment with its established tenancy and prime location. The property is zoned for office use and is situated in Cabell County, West Virginia, zip code 25701. Broker co-op is available. This is a turnkey opportunity for an investor seeking a well-maintained, established office building in a thriving urban core. The building's history and location combine to create a unique and attractive investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $1,197,414

  6.5%

  $1,105,305

  7%

  $1,026,355

• Comparable approach

  Method

  Valuation

  Relative Method

  $655,996

  Geo Method

  $655,996

• Alternative Use

  Use

  Valuation

  Residential

  $1,370,579

  Hospitality

  $1,255,443

  Educational

  $1,044,514

  Medical

  $1,080,436

  Retail

  $1,624,799

Location Insight

City

Huntington

County

Cabell

State

West Virginia

Latitude

38.4229

Longitude

-82.4404

CBSA code

26580

CBSA name

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

Property Tax & Assessments

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