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    54 Washington St Elizabeth, WV 26143

    For Sale
    $199,900

    Prime Corner Lot, Multi-Use Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional mixed-use property, located at 54 Washington Street in Elizabeth, West Virginia, presents a unique investment or development opportunity. The building, formerly a medical facility, boasts a remarkably low-maintenance design and sits on a sizable 0.87-acre corner lot. This generous lot provides ample on-site parking, a significant advantage for any commercial venture. The expansive space also offers considerable potential for future development or subdivision, catering to a variety of uses and business models. The property's versatility makes it ideal for owner-occupants seeking a convenient location and flexible space, or for investors looking for a strong return. The building is ready for immediate possession, allowing for a swift transition and commencement of operations or redevelopment. Its prime location in Elizabeth, WV, offers excellent visibility and accessibility, further enhancing its appeal. The absence of significant maintenance requirements translates to reduced operational costs, making this a financially attractive proposition. Whether you envision a single-tenant occupancy or a multi-tenant configuration, this property's adaptability and strategic location position it for success. Serious inquiries are encouraged to explore the full potential of this remarkable opportunity. The property is offered at $199,900.

    Property Features for 54 Washington St

    General Information

    Property type
    Mixed-use properties
    Lot Size
    37,897 SF

    Building Details

    Year Built
    1948
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Building Supply Spa & Massage Law Firm Wholesale Shop Hair Salon Nail Salon Pharmacy Auto Repair Shop Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Wirt
    State
    West Virginia
    Longitude
    -81.39429
    Latitude
    39.06276

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Corner Lot, Multi-Use Potential
    Where is this mixed-use property located?
    The property is located at 54 Washington St Elizabeth, WV.
    What is the asking price?
    The asking price for this property is $199,900.
    (304) 428-8200
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    54 Washington St Elizabeth, WV 26143
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    54 Washington St Elizabeth, WV 26143
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