This exceptional industrial property, located at 1689 S Pleasants Hwy, Saint Marys, WV 26170, presents a compelling investment opportunity. Encompassing 10,310 square feet of versatile space across two single-story buildings, this Class C property offers a blend of distribution, flex, and warehouse capabilities. Built in 1987 and renovated in 2015, the buildings sit on a substantial 4.27-acre lot, providing ample room for operations and expansion. The property features a 16-foot ceiling height, five garage doors (including one oversized 12x14 foot door accommodating tractor-trailers), and a fully fenced perimeter for enhanced security and privacy. Currently vacant, this owner-user investment is ideally suited for a variety of businesses. Its strategic location in Pleasants County, West Virginia, offers convenient access to Route 2 and is only 13 miles from an airport, and provides direct access to I-77, maximizing operational efficiency. The property's address is within the Parkersburg-Marietta-Vienna, WV-OH Metropolitan Statistical Area, further enhancing its appeal and accessibility. The APN is 37-08-0007-0008-0000. This well-maintained property is ready for immediate occupancy and presents a rare opportunity to acquire a substantial industrial space in a desirable location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$77,850,500
6.5%
$71,862,000
7%
$66,729,000
Comparable approach
Method
Valuation
Relative Method
$27,850,700
Geo Method
$27,850,700
Alternative Use
Use
Valuation
Retail / Commercial
$36,333,800
Mixed-Use / Specialty
$35,797,100
Hospitality / Lodging
$25,733,100
Office
$35,160,400
Institutional / Educational
$37,069,100
Residential Income
$43,370,800
Multifamily
$54,273,800
Automotive / Energy
$31,773,500
Parking / Income-Based Land
$11,366,900
Restaurant / Food Service
$17,749,400
Healthcare / Senior Housing
$37,126,800
Location Insight
City
Saint Marys
County
Pleasants
State
West Virginia
Latitude
39.3826
Longitude
-81.2245
CBSA code
37620
CBSA name
PARKERSBURG-MARIETTA-VIENNA, WV-OH METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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