2 Fergueson DrParkersburg, WV 26101

Property Details for 2 Fergueson Dr

Lot size

0.26 AC

Property type

Office properties

Property subtype

Office buildings

APN

54-05- 114-0A2A.0000

APU

54051140A2A0000

Description

This exceptional 3,960 square foot executive office building in Parkersburg, West Virginia, presents a unique owner/user investment opportunity. Located at 2 Fergueson Dr, this single-story, Class B building, constructed in 1986, sits on an 11,326 square foot lot and offers 15 parking spaces. The asking price is $249,500, translating to $63.01 per square foot. The property's convenient location near I-77 provides excellent accessibility. The building's flexible layout allows for diverse uses; it could easily be converted into two separate office spaces, enabling an owner to occupy one side while generating income by leasing the other. The building features a rubber roof, ensuring long-term durability and low maintenance. This is a rare chance to acquire a well-maintained, strategically located commercial property in a thriving area. The property is comprised of one unit within a single building. This presents a fantastic opportunity for a business seeking to establish a strong presence in Parkersburg or an investor looking for a solid return. The property's size and features make it ideal for a variety of businesses. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,971,509

  6.5%

  $1,819,854

  7%

  $1,689,865

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,059,434

  Geo Method

  $1,059,434

• Alternative Use

  Use

  Valuation

  Residential

  $2,256,619

  Hospitality

  $2,067,051

  Educational

  $1,719,762

  Medical

  $1,778,907

  Retail

  $2,675,186

Location Insight

City

Parkersburg

County

Wood

State

West Virginia

Latitude

39.238

Longitude

-81.5264

CBSA code

37620

CBSA name

PARKERSBURG-MARIETTA-VIENNA, WV-OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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