Remodeled Multi-Storefront Retail
317 S Virginia Avenue Bridgeport, WV 26330
317 S Virginia Avenue, Bridgeport, WV, 26330
$2,999,999
For Sale
$2,999,999
Mixed-use retail building with six leased spaces and a paved lot with approximately 100 parking spots.
Property Size23,958 SF
Lot Size2.98 Acres
Price / SF$125.22
Days on Market504
Property Features for 317 S Virginia Avenue
General Information
- Standard status
- Active
- Size
- 23,958 SF
- Lot size
- 2.98 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1994
Listing agency
BEL-CROSS PROPERTIES, LLC
(304) 685-9287
Listed by
Destiny Sylvester · License #WVS190300676
(304) 685-9287
Source
Xome
Added: Mar 5, 2025 Updated: Jul 22 at 12:20PM Checked: Jul 22 at 12:20PM
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 BEL-CROSS PROPERTIES, LLC
Investment Insights
Based on property information with market context.
317 S Virginia Avenue, also known as The Square, is a commercial building offering six leased spaces, including five leased storefront spaces and one commercial space in the back. The property sits on 2.98 acres and includes a nicely paved lot with approximately 100 parking spaces, supporting straightforward customer access.
The building has undergone a complete remodel on both the interior and exterior. Two new rubber roofs are less than 5 years old, providing more current building maintenance for a new owner.
The buyer also has the opportunity to work with the city for future development on the parcel, adding flexibility to the property’s long-term use.
The building has undergone a complete remodel on both the interior and exterior. Two new rubber roofs are less than 5 years old, providing more current building maintenance for a new owner.
The buyer also has the opportunity to work with the city for future development on the parcel, adding flexibility to the property’s long-term use.
Key Highlights
- Mixed‑use retail building with 6 leased spaces: 5 leased storefront spaces plus 1 commercial space in the back
- 2.98‑acre lot with approx. 100 paved parking spaces
- Complete interior and exterior remodel; Year built 1994
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $244.4k | $10.20 |
| − Vacancy | −$19.5k | −$0.82 |
| EGI | $224.8k | $9.38 |
| − OpEx | −$67.4k | −$2.82 |
| NOI | $157.4k | $6.57 |
23,958 SF · lease $10.20/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.25M
$1.97M – $2.62M
NOI $157,375 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.74M
$4.15M – $5.53M
NOI $331,825 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
FAQs
What type of property is this?
Shopping center - Mixed-use retail building with six leased spaces and a paved lot with approximately 100 parking spots.
Where is this shopping center located?
The property is located at 317 S Virginia Avenue Bridgeport, WV.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: Mixed‑use retail building with 6 leased spaces: 5 leased storefront spaces plus 1 commercial space in the back; 2.98‑acre lot with approx. 100 paved parking spaces; Complete interior and exterior remodel; Year built 1994
