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209 Church St Spencer, WV 25276-1412

OFF-MARKET Retail space Google Maps
3,960 SF 0.05 ac lot Built 1972
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$295k
Range $266k – $325k (±10%)
Property ID US94-1156442

Property summary

AI-generated overview

This exceptional commercial property, located at 209 Church Street in the heart of Spencer, West Virginia, presents a unique investment opportunity. Boasting a generous 2,520 square feet of space, this property sits on a conveniently sized 0.05-acre lot, offering ample room for various business ventures. The building's versatile "Other" classification allows for a wide range of potential uses, making it an ideal canvas for creative entrepreneurs and established businesses alike. Its prime location in Spencer ensures high visibility and accessibility, placing it within easy reach of the local community and surrounding areas. The asking price of $150,000 represents a compelling value for a property of this size and potential in a thriving West Virginia market. This is a chance to acquire a well-situated commercial space ready for immediate occupancy or customized development to perfectly suit your business needs. The property's existing structure provides a solid foundation for immediate use, while its adaptable nature allows for future expansion or modification to meet evolving business requirements. Serious inquiries are encouraged to explore the full potential of this remarkable commercial offering in the vibrant town of Spencer. Don't miss this chance to secure a valuable asset in a growing community. Contact us today to schedule a viewing and begin planning your business's future in this exceptional location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1972
Construction WOOD FRAME
Total area 3,960 SF
Lot 0.05 ac (2,222 SF)
APN 44-08-0004-0184-0000
UPID US94-1156442

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement
  • Hair Salon Nail Salon
  • Home Decor Store Department Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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