2242 Williams HwyWilliamstown, WV 26187

Property Details for 2242 Williams Hwy

Lot size

16.50 AC

Property type

Industrial properties

Property subtype

Other warehouses

APN

54-12- 230-00S3.0000

APU

541223000S30000

Description

This exceptional investment opportunity presents a fully leased, multi-tenant commercial property located at 2242 Williams Hwy, Williamstown, WV 26187. Boaz Business Park encompasses 31,543 square feet across two single-story buildings situated on a 2.19-acre lot (APN: 54-12-230-00S30000). Built in 1993, this Class C property boasts a diverse mix of eight tenants, achieving 100% occupancy and generating a strong net operating income (NOI) of $201,588, resulting in a compelling 6.95% cap rate. The property's diverse tenant base includes a mix of regional and local businesses, providing stability and consistent rental income. The property is categorized as Industrial, Mixed Use, Office, and Retail, with subtypes including Flex, Storefront, and Warehouse space, making it suitable for a variety of businesses. The lease type is NNN (Net, Net, Net), minimizing landlord responsibilities. This stabilized asset offers a rare chance to acquire a well-maintained, multi-tenant center with a proven track record of success, built and managed by the same owners for over 30 years. The asking price for this prime investment property is $2,899,000.

Location Insight

City

Williamstown

County

Wood

State

West Virginia

Latitude

39.3615

Longitude

-81.4879

CBSA code

37620

CBSA name

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

Property Tax & Assessments

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