600 Gaston AveFairmont, WV 26554

  • Office buildings
  • 0.28 AC
For Sale
$299,000 View listing

Property Details for 600 Gaston Ave

Lot size
0.28 AC
Property type
Office buildings
APN
24-03- 3-0251.0000
APU
2403302510000

Description

This exceptional office building, located at 600 Gaston Avenue in Fairmont, West Virginia, presents a compelling investment opportunity. The property boasts a substantial 5,376 square feet of usable space, ideal for a variety of business needs. Situated on a 0.27-acre lot, the building offers ample parking and visibility. The asking price of $299,000 represents significant value in the Fairmont commercial real estate market. The property's size and location make it suitable for a range of businesses, from established corporations seeking expansion to startups looking for a strong foothold. Its solid construction and functional layout provide a ready-to-occupy space, minimizing upfront renovation costs. The building's address on Gaston Avenue ensures excellent accessibility and high visibility, attracting potential clients and employees. This is a rare opportunity to acquire a well-positioned, spacious office building at an attractive price point in a thriving West Virginia community. Serious inquiries are encouraged to explore this promising investment prospect further. The property is ready for immediate occupancy. Don't miss this chance to secure a valuable asset in the heart of Fairmont.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,851,125
    6.5%
    $2,631,808
    7%
    $2,443,821
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,395,081
    Geo Method
    $2,395,081
  • Alternative Use

    Use
    Valuation
    Residential
    $3,263,441
    Hospitality
    $2,989,295
    Educational
    $2,487,058
    Medical
    $2,572,592
    Retail
    $3,868,757
600 Gaston Ave, Fairmont, West Virginia

Location Insight

City
Fairmont
County
Marion
State
West Virginia
Latitude
39.4773
Longitude
-80.1487
CBSA code
21900
CBSA name
FAIRMONT, WV MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,057
$50,520
$119,700
$170,220
-
$84,200
$199,500
$283,700

FAQs

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