Listing Agency: Old Fences Realty INC m***@callgreenlee.com Show Phone

Listed By: David Greenlee · License #WV0015342

Source: Crexi

Added: Feb 19 Changed: Aug 8 Last Checked: Aug 8 at 6:34AM

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Investment Insights

Based on property information with market context.

This property presents an investment opportunity with income potential from both monthly tenants and short-term rentals. Approximately two-thirds of the buildings have been remodeled into efficiency apartments and motel-style rooms. The property is situated along US Route 33, which experiences high traffic volume. A guest laundry facility provides an additional income stream. Furthermore, additional land located across the street offers potential for further commercial development. The property is suitable for motels, hospitality, short-term rentals, multifamily, residential income, and general commercial real estate purposes.

Key Highlights

• Income potential from monthly tenants and VRBO rentals.
• High‑traffic location on US 33.
• Low vacancy rates due to lack of motels in the county.

Property Analytics

Property Profile

Current Use

La Finca Mexican ... Restaurant

Suggested Use

Top Pick Auto Repair Shop Electrical Service Bakery Building Supply Locksmith Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

338

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 25276, WV

7,226

Population

3,940

Households

1.8

Avg Household Size

45

Median Age

15%

College-Educated

83%

High-School Grad

164.8 sq mi

ZIP Area

44

Density / Sq Mi

$38,750

Median Household Income

$35,527

Median Earnings

$672

Median Rent

$109,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this motels located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Motel - Income-generating property with monthly tenants and short-term rental potential.

Where is this motel located?

The property is located at 1158 Ripley Road Spencer, WV.

What is the asking price?

The asking price for this property is $239,900.

What are key features of this property?

This property features: Income potential from monthly tenants and VRBO rentals.; High‑traffic location on US 33.; Low vacancy rates due to lack of motels in the county.