1708 Gihon RdParkersburg, WV 26101

Property Details for 1708 Gihon Rd

Lot size

0.83 AC

Property type

Manufacturing properties

APN

54-08- 90-F8A2.0000

APU

540890F8A20000

Description

This exceptional mixed-use industrial property, located at 1708 Gihon Rd in Parkersburg, West Virginia, presents a unique investment opportunity. The main building boasts 7,298 square feet of climate-controlled space, situated on a 0.892-acre lot just outside the city limits. Features include a 400-amp, three-phase electrical service, two soundproof and humidified rooms, Bryant heat pumps, Carrier A/C units, three restrooms, a security system, an air compressor, computer wiring, and a water cleaning/purification system. The roof is approximately four years old, and the building benefits from energy-efficient LED lighting. A detailed floor plan is available upon request. A second building, a 1,000-square-foot pole barn warehouse, provides additional storage space. The property includes 20 parking spaces and one loading dock with one dock-high door. A fire hydrant is conveniently located at the property corner. The asking price is $450,000, translating to $61.66 per square foot. The property's APN is 08-90-F8A20000. This property is zoned for manufacturing use and offers significant potential for a variety of businesses. The two buildings provide flexibility for diverse operational needs. This is a rare opportunity to acquire a well-maintained and equipped industrial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $14,529,100

  6.5%

  $13,411,500

  7%

  $12,453,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,411,100

  Geo Method

  $5,411,100

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $6,789,410

  Mixed-Use / Specialty

  $6,695,900

  Hospitality / Lodging

  $4,822,340

  Office

  $6,583,940

  Institutional / Educational

  $6,936,270

  Residential Income

  $8,115,440

  Multifamily

  $10,117,400

  Automotive / Energy

  $5,945,380

  Parking / Income-Based Land

  $2,120,150

  Restaurant / Food Service

  $3,334,690

  Healthcare / Senior Housing

  $6,937,590

Location Insight

City

Parkersburg

County

Wood

State

West Virginia

Latitude

39.2334

Longitude

-81.5624

CBSA code

37620

CBSA name

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

Property Tax & Assessments

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