1320 Market StWheeling, WV 26003

Property Details for 1320 Market St

Year built

1900

Construction

WOOD FRAME

Lot size

0.19 AC

Property size (Sq ft)

27,702 SF

Property type

Retail space

APN

35-10-W50D-0101.0000

APU

3510W50D01010000

Description

Invest in a vibrant, revitalizing downtown Wheeling location. The Hub on Market, a six-story, 28,000 square foot Class B building at 1320 Market St (cross street: 14th Street), offers multiple office suites ranging from 3,000 to 6,120 contiguous square feet. Currently, 21,900 square feet are available for lease. Built in 1910 and renovated in 2000, this property features one older elevator (requiring replacement), three-phase power, and is zoned Downtown 2. The building sits on a 0.18-acre lot and has a total of five suites. Property taxes are $0.05 per square foot. While there is no on-site parking, the building's prime location offers easy access to the ongoing revitalization of downtown Wheeling, including new apartment complexes, renovated historic buildings, and significant infrastructure improvements such as the $31.9 million streetscape project. This presents a unique opportunity to be part of a thriving urban core. The property is suitable for various office uses, including medical, creative, executive, traditional, and coworking spaces.

• CAP approach

  CAP return

  Valuation

  6%

  $7,744,382

  6.5%

  $7,148,660

  7%

  $6,638,042

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,529,938

  Geo Method

  $6,529,938

• Alternative Use

  Use

  Valuation

  Residential

  $6,030,162

  Hospitality

  $5,523,596

  Educational

  $4,595,567

  Medical

  $4,753,616

  Retail

  $7,148,660

Location Insight

City

Wheeling

County

Ohio

State

West Virginia

Latitude

40.066

Longitude

-80.7219

CBSA code

48540

CBSA name

WHEELING, WV-OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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