Commercial Property Near Rails to
For Sale
$1,500,000
Central Ave, Beckley, WV 25801
COMMERCIAL - BECKLEY, WV
Property Size20,000 SF
Price / SF$75
Days on Market126
Property Features for Central Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Area 1
Standard status
Active
Size
20,000 SF
Building Details
Year built
1950
Listing Agency:
TRANSCEND REALTY
(304) 763-7020
Listed By:
Brian Brown · License #WVB240301004
(304) 207-4644
Added: Mar 27
Changed: Jun 14
Last Checked: Jul 30 at 11:06PM
MLS# 94666
Copyright © 2026 Beckley Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property is positioned along the Central Ave "Rails to Trails" corridor. It features six buildings with potential for redevelopment or income-producing use. The property is located in a rapidly growing tourism market, offering investors a chance to establish a presence near one of the region's most visited outdoor destinations. With direct proximity to the Rails to Trails system and minutes from the New River Gorge, the site is suited for commercial ventures including retail, dining, office, or mixed-use development. The influx of visitors drawn to hiking, biking, and outdoor recreation creates a customer base and long-term growth potential. The property offers flexibility, location, and scale. The property size is 20000 Square Feet. Master development plans are available for qualified buyers upon request.
Key Highlights
- Prime location on the highly desirable Central Ave "Rails to Trails" corridor.
- Exceptional potential for redevelopment or income‑producing use with six buildings.
- Located in a rapidly growing tourism market, minutes from the New River Gorge.
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $240.0k | $12.00 |
| − Vacancy | −$24.0k | −$1.20 |
| EGI | $216.0k | $10.80 |
| − OpEx | −$81.0k | −$4.05 |
| NOI | $135.0k | $6.75 |
20,000 SF · lease $12.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$3.09M
$2.70M – $3.60M
NOI $216,000 @ 7.0% cap · market cap 14.40%
Second Best
Retail
$2.75M
$2.41M – $3.21M
NOI $192,570 @ 7.0% cap · market cap 12.84%
Theoretical Best
Multifamily LT 5
$11.78M
$10.31M – $13.75M
NOI $824,915 @ 7.0% cap · market cap 54.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,004
Businesses Nearby
Explore this area
Business Placement
Demographics for 25801, WV
31,369
Population
15,185
Households
2.1
Avg Household Size
43
Median Age
23%
College-Educated
88%
High-School Grad
99.1 sq mi
ZIP Area
317
Density / Sq Mi
$49,370
Median Household Income
$35,314
Median Earnings
$842
Median Rent
$151,000
Median Home Value
Market
Properties on Market for Mixed-use properties in Beckley
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Six buildings with redevelopment potential near a growing tourism market.
Where is this mixed-use property located?
The property is located at Central Ave Beckley, WV.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime location on the highly desirable Central Ave "Rails to Trails" corridor.; Exceptional potential for redevelopment or income‑producing use with six buildings.; Located in a rapidly growing tourism market, minutes from the New River Gorge.
