Mixed-Use Building with NNN
For Sale
Contact for pricing
116 Washington Street West, Charleston, WV 25302
Nearly 85% occupied, with NNN terms on upper floors and modified lease terms on the main floor.
Property SizeContact for details
Days on Market143
Property Features for 116 Washington Street West
General Information
Standard status
Active
Property subtype
Mixed Use
Additional Details
Cap Rate
11%
Building Details
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices Professional Realty
Listed By:
Duke Jordan · License #WV 0012870
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 5:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Professional Realty
Investment Insights
Based on property information with market context.
The Adler Building is a mixed-use property with approximately 85% occupancy and two distinct lease structures. Upper-floor space is leased on an NNN basis, while the main floor uses modified terms. The property carries an 11% cap rate and is offered as one of two buildings in a portfolio.
Located at 116 Washington Street West in Charleston, West Virginia, the building may qualify for Federal and State Historical Tax Credits. The portfolio’s other asset is the Davidson Building at 912 Quarrier St. in Charleston, providing an option for buyers evaluating both properties together.
Located at 116 Washington Street West in Charleston, West Virginia, the building may qualify for Federal and State Historical Tax Credits. The portfolio’s other asset is the Davidson Building at 912 Quarrier St. in Charleston, providing an option for buyers evaluating both properties together.
Key Highlights
- Approximately 85% occupied
- 11% CAP
- NNN lease structure on upper floors
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,048
Businesses Nearby
Explore this area
Business Placement
Demographics for 25302, WV
14,307
Population
7,676
Households
1.9
Avg Household Size
44
Median Age
34%
College-Educated
93%
High-School Grad
12.4 sq mi
ZIP Area
1,154
Density / Sq Mi
$55,525
Median Household Income
$33,488
Median Earnings
$875
Median Rent
$148,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Nearly 85% occupied, with NNN terms on upper floors and modified lease terms on the main floor.
Where is this mixed-use property located?
The property is located at 116 Washington Street West Charleston, WV.
What are key features of this property?
This property features: Approximately 85% occupied; 11% CAP; NNN lease structure on upper floors
