2000 Dudley AveParkersburg, WV 26101

  • Retail properties
  • 0.08 AC
For Sale
$265,000 View listing

Property Details for 2000 Dudley Ave

Lot size
0.08 AC
Property type
Retail properties
Property subtype
Retail space
APN
54-05- 62-232A.0000
APU
540562232A0000

Description

This exceptional mixed-use building is situated on a highly visible 0.08-acre lot in Parkersburg, WV, directly across from Parkersburg High School, ensuring consistent traffic and exposure. The property features two upstairs residential apartment units, each approximately 1,000 square feet, boasting two bedrooms and one bathroom. These units currently rent for $750 per month, with tenants responsible for all utilities, providing a stable income stream. The ground floor comprises two separate commercial office spaces, previously utilized as dental offices. Each space offers a private entrance, a waiting room, a reception area, and two half-baths. Additional features include several exam rooms, break rooms, a lab, a darkroom, and private office spaces, providing ample versatility for a variety of businesses. Recent upgrades include the replacement of hot water heaters and HVAC systems between 2017 and 2019, ensuring efficient and cost-effective operation. Nine off-street parking spaces are included, adding significant convenience for both tenants and clients. The property's prime location and diverse layout make it ideal for a wide range of commercial ventures, including but not limited to hair salons, tattoo parlors, medical or dental offices, and nail spas. This is a unique opportunity to own a profitable mixed-use property in a desirable location. The asking price is $265,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $925,013
    6.5%
    $853,858
    7%
    $792,868
  • Comparable approach

    Method
    Valuation
    Relative Method
    $852,131
    Geo Method
    $852,131
  • Alternative Use

    Use
    Valuation
    Residential
    $720,261
    Hospitality
    $659,755
    Educational
    $548,909
    Medical
    $567,787
    Retail
    $853,858
2000 Dudley Ave, Parkersburg, West Virginia

Location Insight

City
Parkersburg
County
Wood
State
West Virginia
Latitude
39.2763
Longitude
-81.5432
CBSA code
37620
CBSA name
PARKERSBURG-MARIETTA-VIENNA, 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
2024
$4,268
$19,860
$116,520
$136,380
-
$33,100
$194,200
$227,300

FAQs

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