13189 Preston HwyKingwood, WV 26537

Property Details for 13189 Preston Hwy

Lot size

1.57 AC

Property type

Warehouses

APN

39-01- 16-0006.0013

APU

39011600060013

Description

This Kingwood, WV industrial property offers three buildings totaling 21,243+/- gross square feet on a 3-acre lot. Building 1 features 10,901+/- sq ft of industrial space and 1,510+/- sq ft of office space. Building 2 provides 2,400+/- sq ft of shop/industrial space, and Building 3 offers 6,532+/- sq ft of industrial space. All furniture, fixtures, and equipment are included in the $995,000 asking price ($46.84/sq ft). A detailed equipment list is available upon request. The property is conveniently located outside city limits, 3.8 miles from Kingwood, offering proximity to amenities while benefiting from a non-city location. I-68, Exit 22, is 18 miles southeast. The buildings and FF&E are also available for sale separately. Ample off-street parking is available, and the property is suitable for large machinery and equipment. This presents a unique opportunity for a variety of industrial or flex-use businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $35,675,600

  6.5%

  $32,931,300

  7%

  $30,579,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,877,900

  Geo Method

  $21,877,900

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $17,003,300

  Mixed-Use / Specialty

  $17,034,300

  Hospitality / Lodging

  $12,616,800

  Office

  $17,028,500

  Institutional / Educational

  $17,741,600

  Residential Income

  $20,757,600

  Multifamily

  $24,387,600

  Automotive / Energy

  $15,207,000

  Parking / Income-Based Land

  $5,157,240

  Restaurant / Food Service

  $9,055,220

  Healthcare / Senior Housing

  $17,374,400

Location Insight

City

Kingwood

County

Preston

State

West Virginia

Latitude

39.4503

Longitude

-79.7187

CBSA code

34060

CBSA name

MORGANTOWN, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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