1151 Kanawha AveRainelle, WV 25962

Property Details for 1151 Kanawha Ave

Lot size

0.78 AC

Property type

Automotive properties

APN

13-13- 4-0144.0000

APU

1313401440000

Description

This exceptional commercial property, located at 1151 Kanawha Ave in Rainelle, WV, presents a unique investment opportunity. The 0.78-acre lot boasts significant road frontage and ample parking, providing excellent visibility and accessibility. The main structure is a three-bay garage, equipped with heavy-duty lifting equipment. One bay features a 120,000-pound lift, another a 9,000-pound lift, and the drive-through bay has a 14,000-pound lift. Beyond the garage bays, the building includes a smaller room suitable for conversion into a paint booth or additional workspace. A customer waiting area with office space and a restroom are conveniently located in the front of the building. Employee amenities include a break room complete with a full kitchen. The property's expansive lot offers considerable room for future expansion, capitalizing on its prime location within minutes of various amenities and three counties. This versatile property is ideal for a variety of commercial uses and presents a strong return on investment. The property is priced at $169,000.

• CAP approach

  CAP return

  Valuation

  6%

  $5,479,684

  6.5%

  $5,058,170

  7%

  $4,696,872

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,868,259

  Geo Method

  $14,499,236

• Alternative Use

  Use

  Valuation

  Residential

  $4,266,755

  Hospitality

  $3,908,325

  Educational

  $3,251,680

  Medical

  $3,363,510

  Retail

  $5,058,170

Location Insight

City

Rainelle

County

Greenbrier

State

West Virginia

Latitude

37.9687

Longitude

-80.7711

Property Tax & Assessments

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