1320 Market StWheeling, WV 26003

  • Retail properties
  • 27,702 SF
For Lease

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
1320 Market St, Wheeling, West Virginia

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,702
$42,600
$14,640
$57,240
-
$71,000
$24,400
$95,400

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].