Two-Story Brick Building in
For Sale
$275,000
5708 Grand Central Ave, Vienna, WV 26105
Commercial investment opportunity with renovated lower level and upper apartment.
Property Size2,400 SF
Price / SF$114.58
Days on Market133
Property Features for 5708 Grand Central Ave
General Information
Standard status
Active
Size
2,400 SF
Building Details
Year Built
1944
Listing Agency:
PMC Realty Services
Listed By:
Cale Conley · License #WVS210301357
(304) 485-8000
Source:
Theacclaimedrealty
Added: May 27
Changed: Sep 10
Last Checked: Oct 5 at 9:53PM
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 PMC Realty Services
Investment Insights
Based on property information with market context.
This two-story brick building is located in upper Vienna. The property includes a spacious upper-level apartment featuring 2 bedrooms and 1 bath, equipped with forced air heating and central AC. The lower level has been fully renovated, showcasing modern ceilings, stylish flooring, and fresh paint. The property has 86 feet of frontage on Grand Central Avenue. Separate utilities are available for both units. A new furnace and mini split system have been installed. The property size is 2400 square feet, offering potential for various commercial uses.
Key Highlights
- Prime upper Vienna location on Grand Central Avenue with 86 feet of frontage.
- Fully renovated lower level with modern ceilings, stylish flooring, and fresh paint.
- Two separate units: a commercial lower level and a 2‑bedroom, 1‑bath upper‑level apartment.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,446
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,920
$268.9K
Cap Rate 7%
$192,086
$192.1K
Cap Rate 9%
$149,400
$149.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$23.9K $9.96/SF
− Vacancy
−$2.4K −$1.00/SF
EGI
$21.5K $8.96/SF
− OpEx
−$8.1K −$3.36/SF
NOI
$13.4K $5.60/SF
Area
Wood County, WV
Vacancy
10.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,920
Cap Rate 7%
$192,086
Cap Rate 9%
$149,400
Alternative Uses
Best Use
Mixed Use
$192.1K
$168.1K – $224.1K
NOI $13,446 @ 7.0% cap · market cap 4.89%
Second Best
Multifamily LT 5
$159.7K
$139.8K – $186.3K
NOI $11,180 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$661.6K
$578.9K – $771.8K
NOI $46,310 @ 7.0% cap · market cap 16.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Explore this area
Business Placement
Demographics for 26105, WV
12,247
Population
5,861
Households
2.1
Avg Household Size
45
Median Age
31%
College-Educated
97%
High-School Grad
11.9 sq mi
ZIP Area
1,029
Density / Sq Mi
$65,549
Median Household Income
$40,233
Median Earnings
$859
Median Rent
$162,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial investment opportunity with renovated lower level and upper apartment.
Where is this mixed-use property located?
The property is located at 5708 Grand Central Ave Vienna, WV.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Prime upper Vienna location on Grand Central Avenue with 86 feet of frontage.; Fully renovated lower level with modern ceilings, stylish flooring, and fresh paint.; Two separate units: a commercial lower level and a 2‑bedroom, 1‑bath upper‑level apartment.
