1614 Locust AveFairmont, WV 26554

Property Details for 1614 Locust Ave

Lot size

1.15 AC

Property type

Office buildings

APN

24-02- 59-0079.0000

APU

24025900790000

Description

This exceptional commercial property, located at 1614 Locust Avenue in Fairmont, West Virginia, presents a unique investment opportunity. The building encompasses a substantial 2,070 square feet of space, offering ample room for a variety of commercial ventures. Situated on a lot with no acreage specified, the property's size makes it ideal for businesses needing a manageable footprint. The asking price is $180,000, representing a competitive entry point into the Fairmont commercial real estate market. The property's classification as "Other" suggests versatility in its potential uses, allowing for creative adaptation to suit diverse business needs. Its location on Locust Avenue in Fairmont offers convenient access to local amenities and transportation routes, enhancing its appeal to prospective buyers. The absence of additional details regarding the building's features and condition necessitates a thorough on-site inspection to fully assess its potential and suitability for specific business plans. Interested parties are encouraged to conduct due diligence to determine the property's optimal use and align it with their business objectives. This property presents a compelling opportunity for entrepreneurs and investors seeking a foothold in the thriving Fairmont commercial landscape. The absence of land acreage provides a low-maintenance option for those seeking a manageable commercial space.

• CAP approach

  CAP return

  Valuation

  6%

  $9,983,294

  6.5%

  $9,215,348

  7%

  $8,557,109

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,748,784

  Geo Method

  $5,748,784

• Alternative Use

  Use

  Valuation

  Residential

  $11,427,031

  Hospitality

  $10,467,099

  Educational

  $8,708,504

  Medical

  $9,008,003

  Retail

  $13,546,561

Location Insight

City

Fairmont

County

Marion

State

West Virginia

Latitude

39.471

Longitude

-80.1768

CBSA code

21900

CBSA name

FAIRMONT, WV MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].