2735 5Th AveHuntington, WV 25702

Property Details for 2735 5Th Ave

Lot size

0.33 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

06-05- 11-0497.0000

APU

6051104970000

Description

This exceptional redevelopment opportunity presents 0.66 acres of vacant land in Huntington, West Virginia, at 2735 5th Avenue, zip code 25702. The property, encompassing a total of 28,749 square feet, is being offered at $359,000, translating to a price per square foot of $12.49. Currently vacant, the site offers significant potential for various commercial ventures. The sale includes two lots: the lot where the existing structure (which has no value and is sold for land value only) is located, and the adjacent lot situated between the building and a Family Dollar store. Note that any existing billboard on the property is not included in the sale. This prime location in Cabell County provides excellent visibility and accessibility, making it an attractive investment for developers seeking a high-impact project. The property's size and strategic positioning within Huntington present a unique chance to capitalize on the area's growth and demand for commercial space. This is a land-only sale; the existing building is considered to have zero value. The property is zoned for commercial use. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $2,430,199

  6.5%

  $2,243,261

  7%

  $2,083,028

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,348,660

  Geo Method

  $1,348,660

• Alternative Use

  Use

  Valuation

  Residential

  $2,781,643

  Hospitality

  $2,547,970

  Educational

  $2,119,881

  Medical

  $2,192,787

  Retail

  $3,297,593

Location Insight

City

Huntington

County

Cabell

State

West Virginia

Latitude

38.4262

Longitude

-82.4031

CBSA code

26580

CBSA name

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

Property Tax & Assessments

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