305 Locust StBuckhannon, WV 26201

Property Details for 305 Locust St

Lot size

0.49 AC

Property type

Investment properties

Property subtype

Live-work space

APN

49-03- 1-0134.0003

APU

4903101340003

Description

This exceptional commercial property, located at 305 N LOCUST Street in Buckhannon, West Virginia, presents a unique investment opportunity. The building boasts a substantial 2,250 square feet of space, offering ample room for a variety of commercial uses. Its versatile layout allows for customization to suit diverse business needs. Situated on a half-acre lot, the property provides ample parking and potential for expansion or outdoor amenities. The asking price is $249,000. The property's location in Buckhannon offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in a thriving community. The building's structure is solid and well-maintained, requiring minimal immediate investment. This presents a chance to acquire a ready-to-occupy commercial space or to renovate and tailor it to specific business requirements. The property's size and location make it suitable for a wide range of commercial ventures, from retail and office spaces to light industrial uses. Serious inquiries are encouraged to explore the full potential of this valuable asset. The property is ready for immediate occupancy, allowing for a swift transition into operations. Don't miss this chance to secure a prime commercial property in a desirable West Virginia location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,080,091

  6.5%

  $4,689,314

  7%

  $4,354,364

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,267,520

  Geo Method

  $4,267,520

• Alternative Use

  Use

  Valuation

  Residential

  $5,814,750

  Hospitality

  $5,326,280

  Educational

  $4,431,402

  Medical

  $4,583,805

  Retail

  $6,893,292

Location Insight

City

Buckhannon

County

Upshur

State

West Virginia

Latitude

38.9982

Longitude

-80.2328

Property Tax & Assessments

FAQs

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