726 Fairmont AveFairmont, WV 26554

Property Details for 726 Fairmont Ave

Lot size

0.41 AC

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

24-03- 5-0003.0000

APU

2403500030000

Description

This exceptional commercial property, located at 726 Fairmont Avenue in Fairmont, West Virginia, presents a unique investment opportunity. The building encompasses 1,562 square feet and sits on a sizable 0.41-acre lot, offering ample space for a variety of commercial uses. Its strategic location in Fairmont provides excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in the community. The property's versatility allows for diverse business applications, catering to entrepreneurs and established companies alike. The substantial lot size offers potential for expansion or additional development, further enhancing its investment value. With a list price of $450,000, this property represents a compelling opportunity to acquire a well-situated commercial space in a thriving West Virginia market. The building's size and the generous lot provide significant flexibility for future development and adaptation to evolving business needs. Serious inquiries are encouraged to explore the full potential of this promising commercial property. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. This is a rare opportunity to secure a substantial commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,030,778

  6.5%

  $5,566,872

  7%

  $5,169,238

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,102,450

  Geo Method

  $8,102,450

• Alternative Use

  Use

  Valuation

  Residential

  $4,695,865

  Hospitality

  $4,301,387

  Educational

  $3,578,704

  Medical

  $3,701,780

  Retail

  $5,566,872

Location Insight

City

Fairmont

County

Marion

State

West Virginia

Latitude

39.4758

Longitude

-80.151

CBSA code

21900

CBSA name

FAIRMONT, WV MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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