1311 Main StWheeling, WV 26003

Property Details for 1311 Main St

Year built

1900

Lot size

0.78 AC

Property size (Sq ft)

22,349 SF

Property type

Retail properties

Property subtype

Retail space

APN

35-10-W50D-0008.0000

APU

3510W50D00080000

Description

This exceptional 4,710-square-foot retail or restaurant space is available for lease at 1311 Main Street in Wheeling, West Virginia. Located in the heart of downtown, this single-tenant building boasts superior frontage and visibility on Main Street, offering excellent signage opportunities, including building and pylon signage. The property benefits from high foot traffic and proximity to numerous established businesses, including River City, Vagabond Kitchen, Panda Chinese Kitchen, Bridge Tavern & Grill, Taqueria 304, Later Alligator, Sarah’s On Main, Coleman’s Fish Market, Public Market, and The Market Vines Wine Bar & Grille. Its strategic location places it within walking distance of major employers and attractions such as Kalkreuth HQ, The Health Plan HQ, the new WVU Cancer Center, the City/County Building, Wesbanco Arena, Capital Theatre, and Centre Market. Wheeling, the largest city in the Wheeling Metropolitan Statistical Area (MSA) with a population of approximately 150,000, offers a strong market for retail businesses. The property's convenient access to West Virginia Route 2, Interstate 70, and Interstate 470 further enhances its appeal. This is a rare opportunity to secure a prominent retail space in a thriving downtown area, less than an hour from Pittsburgh, Pennsylvania. The entire 4,710 square feet is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $6,247,895

  6.5%

  $5,767,288

  7%

  $5,355,338

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,268,124

  Geo Method

  $5,268,124

• Alternative Use

  Use

  Valuation

  Residential

  $4,864,923

  Hospitality

  $4,456,243

  Educational

  $3,707,542

  Medical

  $3,835,050

  Retail

  $5,767,288

Location Insight

City

Wheeling

County

Ohio

State

West Virginia

Latitude

40.0661

Longitude

-80.7241

CBSA code

48540

CBSA name

WHEELING, WV-OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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