320 Adams StFairmont, WV 26554

Property Details for 320 Adams St

Lot size

0.53 AC

Property type

Office buildings

APN

24-03- 1-0183.0000

APU

2403101830000

Description

Veterans' Square, located at 320 Adams St, Fairmont, WV 26554, presents a unique opportunity to lease prime office space in a historically significant building. This Class A, four-story structure, originally built in 1940 and extensively renovated in 1999, offers 54,512 square feet of flexible space suitable for executive, traditional, or medical office uses. The building boasts uniquely designed suites catering to diverse tenant needs, reflecting its rich history as the former G. C. Murphy Building, now a certified historic property and national historic building. The property features convenient amenities including an on-site plaza and parking garage. Additional parking is available for lease in the adjacent Veterans' Plaza Garage, allocated proportionally to tenants. The building's central business district location provides easy access to I-79 and is just minutes from downtown Fairmont. This multi-tenant property offers a modified lease type and is ideally situated for businesses seeking a blend of historic charm and modern functionality. The property is also available for sale. 37 parking spaces are available on-site.

• CAP approach

  CAP return

  Valuation

  6%

  $5,536,356

  6.5%

  $5,110,483

  7%

  $4,745,448

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,650,804

  Geo Method

  $4,650,804

• Alternative Use

  Use

  Valuation

  Residential Income

  $6,336,998

  Hospitality / Lodging

  $5,804,657

  Institutional / Educational

  $4,829,406

  Healthcare / Senior Housing

  $4,995,497

  Retail / Commercial

  $7,512,410

Location Insight

City

Fairmont

County

Marion

State

West Virginia

Latitude

39.4849

Longitude

-80.142

CBSA code

21900

CBSA name

FAIRMONT, WV MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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