338 Locust AveFairmont, WV 26554

Property Details for 338 Locust Ave

Lot size

0.11 AC

Property type

Office buildings

APN

24-03- 26-0263.0000

APU

24032602630000

Description

This exceptional commercial property, located at 338 Locust Avenue in Fairmont, West Virginia, presents a unique investment opportunity. The building encompasses a substantial 2,052 square feet of space, offering ample room for a variety of commercial ventures. Situated on a conveniently sized 0.11-acre lot, the property provides sufficient land for expansion or outdoor activities, depending on the intended use. The asking price is $89,900, representing a competitive entry point into the Fairmont commercial real estate market. The property's "Other" classification suggests versatility in its potential applications, making it suitable for a broad range of businesses. Its location in Fairmont offers access to a established community and local infrastructure. The property's size and price point make it an attractive option for entrepreneurs and investors seeking a foothold in a growing market. Further due diligence is recommended to fully assess the property's suitability for specific business plans. Interested parties are encouraged to conduct thorough inspections and research to determine the property's potential and align it with their individual business objectives. This property offers a compelling blend of size, location, and affordability, making it a noteworthy opportunity in the Fairmont commercial real estate landscape. Serious inquiries are welcome.

• CAP approach

  CAP return

  Valuation

  6%

  $1,122,378

  6.5%

  $1,036,042

  7%

  $962,039

• Comparable approach

  Method

  Valuation

  Relative Method

  $879,532

  Geo Method

  $879,532

• Alternative Use

  Use

  Valuation

  Residential

  $1,284,692

  Hospitality

  $1,176,771

  Educational

  $979,059

  Medical

  $1,012,731

  Retail

  $1,522,981

Location Insight

City

Fairmont

County

Marion

State

West Virginia

Latitude

39.4839

Longitude

-80.1517

CBSA code

21900

CBSA name

FAIRMONT, WV MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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