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    894 Old Furnace Rd Ridgeley, WV 26753

    Sponsored
    For Sale
    $189,900

    COMMERCIAL - RIDGELEY, WV

    Lot size:
    4.93 Acres
    Days on Market:
    117
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 894 Old Furnace Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    4.93 Acres

    Pioneer Ridge Realty (304) 359-2214 [email protected]

    Listing agent Craig E See (304) 359-2214 License #CG488

    Listing date Sep 11, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Unrestricted Land with Salvage Permit

    This property features nearly five acres of unrestricted land, a transferable salvage permit, and a 3,000 square foot building that combines office, storage, and garage space. The property fronts directly on Old Furnace Road in Ridgeley, West Virginia, offering exposure and proximity to Cumberland, Maryland. It provides access to I-68 and I-70, with Frederick, Hagerstown, and the I-81 corridor within a two-hour drive. The building's main level includes a reception area with counter space and offices, a private office, a staff kitchen, storage rooms, and a half bath. The lower level offers storage with built-in shelving and a wood stove, leading into a garage addition with four overhead doors and two car lifts. The property is suitable for investors and entrepreneurs seeking a redevelopment site or a new commercial venture. It consists of dual parcels in a location. The existing infrastructure can be put back into use or the property can be repurposed entirely.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jump's Recycled Auto ... Used Auto Parts Store

    Suggested Use

    Restaurant Law Firm Wholesale Shop Auto Repair Shop Auto Parts Store Food Market Grocery Store Discount Store Tattoo & Piercing Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ridgeley
    County
    Mineral
    State
    West Virginia
    Longitude
    -78.77619
    Latitude
    39.5758

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    FAQs

    What type of property is this?
    Industrial property - Nearly five acres with transferable salvage permit and versatile building.
    Where is this industrial property located?
    The property is located at 894 Old Furnace Rd Ridgeley, WV.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: - Nearly five acres of unrestricted land with a transferable salvage permit.; - Strategic location with quick access to I-68 and I-70, near Cumberland, MD.; - Versatile **3,000 sq ft building with office, storage, and garage space.**
    (304) 813-1092
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    894 Old Furnace Rd Ridgeley, WV 26753
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    Ridgeley, WV 26753
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    894 Old Furnace Rd Ridgeley, WV 26753
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