33 High StRomney, WV 26757

Property Details for 33 High St

Lot size

0.03 AC

Property type

Retail properties

Property subtype

Retail space

APN

14-08- 3-0132.0000

APU

1408301320000

Description

This exceptional investment property at 33 S High Street, Romney, WV, presents a rare opportunity. The 10,000 square foot building sits on a 0.03-acre lot in a prime location, directly adjacent to a city park and across from the municipal building. This ensures high visibility and consistent foot traffic. The property boasts a former restaurant space, offering significant potential for a variety of commercial ventures. Adding to its appeal are two residential units: one one-bedroom apartment and one two-bedroom apartment. These units have a proven rental history, generating over $1600 in monthly income. This income stream could potentially cover a significant portion of the property's monthly expenses, making this a financially attractive proposition. The commercial space offers additional income potential, further enhancing the return on investment. The building's size and location make it ideal for a variety of uses, providing flexibility for future development and adaptation to market demands. This is a turnkey investment opportunity with immediate income generation and significant upside potential. Don't miss this chance to acquire a valuable asset in a thriving West Virginia community. The asking price is $189,900.

• CAP approach

  CAP return

  Valuation

  6%

  $457,287

  6.5%

  $422,111

  7%

  $391,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $658,530

  Geo Method

  $658,530

• Alternative Use

  Use

  Valuation

  Residential

  $356,066

  Hospitality

  $326,155

  Educational

  $271,357

  Medical

  $280,689

  Retail

  $422,111

Location Insight

City

Romney

County

Hampshire

State

West Virginia

Latitude

39.3417

Longitude

-78.7569

CBSA code

49020

CBSA name

WINCHESTER, VA-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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