612 Elk StGassaway, WV 26624

Property Details for 612 Elk St

Lot size

0.11 AC

Property type

Retail space

APN

04-04- 6-0021.0000

APU

404600210000

Description

This exceptional commercial property, located at 612 Elk Street in Gassaway, West Virginia, presents a unique investment opportunity. The building boasts a substantial 8,399 square feet of space, offering ample room for a variety of commercial ventures. Situated on a conveniently sized 0.12-acre lot, the property provides sufficient space for operations and potential expansion. The asking price is $299,000, representing a compelling value for a property of this size and location in Gassaway. The property's classification as "Other" suggests versatility in its potential uses, making it suitable for a broad range of businesses. Its location in Gassaway offers access to local amenities and a growing community. The substantial square footage provides significant flexibility for layout and design to meet the specific needs of a prospective buyer. This property is an excellent opportunity for entrepreneurs and investors seeking a strong foothold in the Gassaway commercial market. Further investigation into zoning regulations and permitted uses is recommended to fully assess the property's potential. The property's size and location make it an attractive option for businesses seeking a prominent presence in the Gassaway area. Serious inquiries are encouraged to explore the possibilities this unique commercial property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,281,712

  6.5%

  $1,183,119

  7%

  $1,098,610

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,180,726

  Geo Method

  $1,180,726

• Alternative Use

  Use

  Valuation

  Residential

  $998,005

  Hospitality

  $914,167

  Educational

  $760,576

  Medical

  $786,734

  Retail

  $1,183,119

Location Insight

City

Gassaway

County

Braxton

State

West Virginia

Latitude

38.6738

Longitude

-80.7747

Property Tax & Assessments

FAQs

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