1400 6Th AveHuntington, WV 25701

Property Details for 1400 6Th Ave

Lot size

0.37 AC

Property type

Office buildings

APN

06-05- 18-0377.0000

APU

6051803770000

Description

This exceptional 4,400-square-foot executive office suite, located at 1400 6th Ave in Huntington, West Virginia, presents a unique investment opportunity. Situated in a Class B building constructed in 1900 and renovated in 1995, this single-tenant property offers a flexible layout ideal for a variety of businesses. The space includes four individual offices, a spacious common area perfect for conferences, and a well-equipped kitchen, totaling over 1,200 square feet. The entire suite comprises 4,400 net rentable square feet within a three-story building situated on a 16,000-square-foot lot. Ample parking is provided with 26 spaces available. The lease is an Absolute NNN lease, providing a predictable and stable income stream. Tenant credit is secured by a corporate guarantee, mitigating risk. This property is an excellent choice for businesses seeking a well-maintained, conveniently located office space in Huntington, WV. The building's history and recent renovations combine to offer a blend of character and modern functionality. The generous lot size and ample parking further enhance the property's appeal. There are no rent bumps scheduled. The zip code is 25701, and the property is located in Cabell County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,729,657

  6.5%

  $2,519,683

  7%

  $2,339,706

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,495,424

  Geo Method

  $1,495,424

• Alternative Use

  Use

  Valuation

  Residential

  $3,124,407

  Hospitality

  $2,861,940

  Educational

  $2,381,100

  Medical

  $2,462,990

  Retail

  $3,703,934

Location Insight

City

Huntington

County

Cabell

State

West Virginia

Latitude

38.42

Longitude

-82.4343

CBSA code

26580

CBSA name

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

Property Tax & Assessments

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