108 Pike StClarksburg, WV 26301
- Retail properties
- 0.12 AC
Property Details for 108 Pike St
- Lot size
- 0.12 AC
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 17-08- 23-0259.0000
- APU
- 17082302590000
Description
This exceptional Class A commercial property, located at 108 W Pike St in downtown Clarksburg, offers 6,326 square feet of versatile space, currently fully vacant and immediately available. The single-story, 1951-built building boasts a flexible layout ideal for a variety of commercial ventures. The main floor features a large open area, perfect for reception or waiting areas, along with four finished offices. Recent renovations include fresh paint, new light fixtures, and luxury vinyl flooring. A significant advantage is the attached 24-unit storage warehouse in the rear, presenting a lucrative opportunity for supplemental rental income. The lower level provides ample basement space, accessible via two entrances (a garage door in the rear and a large door on the building's left side), suitable for storage, additional rental space, or operational use. The rear entrance features a new electric overhead garage door opener. The property sits on two adjacent lots, offering expansion potential. With over 3,500 vehicles passing daily, this location ensures high visibility and accessibility. The minimum divisible space is 2,500 square feet, with a power supply exceeding 200 amps. The property is zoned commercial and offers a unique blend of office, warehouse, and coworking potential. This is a prime opportunity to establish a business in a highly desirable downtown location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,353,342
- 6.5%
- $1,249,239
- 7%
- $1,160,008
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,201,469
- Geo Method
- $1,201,469
-
Alternative Use
- Use
- Valuation
- Residential
- $1,053,780
- Hospitality
- $965,257
- Educational
- $803,082
- Medical
- $830,702
- Retail
- $1,249,239
Location Insight
- City
- Clarksburg
- County
- Harrison
- State
- West Virginia
- Latitude
- 39.28
- Longitude
- -80.3349
- CBSA code
- 17220
- CBSA name
- CLARKSBURG, WV MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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