1689 Pleasants HwySaint Marys, WV 26170

  • Warehouses
  • 4.27 AC
For Sale
$595,000 View listing

Property Details for 1689 Pleasants Hwy

Lot size
4.27 AC
Property type
Warehouses
APN
37-08- 7-0008.0000
APU
3708700080000

Description

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

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
$2,038
$46,310
$40,080
$86,390
-
$77,000
$66,800
$143,800

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