303 Merchant StFairmont, WV 26554

Property Details for 303 Merchant St

Lot size

0.20 AC

Property type

Warehouses

APN

24-05- 7-0042.0000

APU

2405700420000

Description

This Fairmont, WV property, located at 303-305 Merchant Street, offers 12,800 square feet of flexible commercial space for lease. The property consists of two, single-story buildings totaling 12,800 square feet, built in 1938, and situated on a 0.815-acre lot. Divisible spaces range from 2,800 to 10,000 contiguous square feet, making it suitable for a variety of businesses. The property boasts excellent visibility with approximately 76 feet of frontage on Merchant Street and benefits from its location near the Fairmont Gateway Connector, providing easy access to I-79 (Exit 136) and downtown Fairmont (1.1 miles). With 55 parking spaces (approximately), the property is zoned CC - City Center and is within walking distance of numerous amenities. The high-traffic location, with approximately 13,822 vehicles per day on State Street (data from Esri, Esri and Kalibrate Technologies 2023), provides significant exposure. This is a rare opportunity to secure a versatile commercial space in a prime Fairmont location. The property is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $4,544,680

  6.5%

  $4,195,090

  7%

  $3,895,440

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,787,000

  Geo Method

  $2,787,000

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $2,166,030

  Mixed-Use / Specialty

  $2,169,980

  Hospitality / Lodging

  $1,607,240

  Office

  $2,169,250

  Institutional / Educational

  $2,260,080

  Residential Income

  $2,644,290

  Multifamily

  $3,106,710

  Automotive / Energy

  $1,937,210

  Parking / Income-Based Land

  $656,975

  Restaurant / Food Service

  $1,153,540

  Healthcare / Senior Housing

  $2,213,310

Location Insight

City

Fairmont

County

Marion

State

West Virginia

Latitude

39.4814

Longitude

-80.1377

CBSA code

21900

CBSA name

FAIRMONT, WV MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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