Mixed-Use Property with
For Sale
Contact for pricing
1820 Washington Street W, Charleston, WV 25387
The upper residence has three bedrooms, while the ground floor is configured for commercial use.
Property Size3,000 SF
Price / SF$6.67
Days on Market50
Property Features for 1820 Washington Street W
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Units
Unit Mix
1 x 3BR/1BA
Multifamily Units
1
Additional Details
Mixed-Use Components
residential, commercial
Amenities
full kitchen
lobby area
stage
storage rooms
Building Details
Year Built
1955
Buildings
1
Stories
2
Listing Agency:
Gosen properties
(718) 704-0494
Listed By:
Emmanuel Victor
(718) 598-7374
Source:
Gosenproperties
Added: Sep 10
Changed: Oct 28
Last Checked: Oct 28 at 4:09PM
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 Gosen properties
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Investment Insights
Based on property information with market context.
This 3,000-square-foot mixed-use property, built in 1955, has a commercial area on the ground floor and an apartment upstairs. The residence includes three bedrooms, one bathroom, a full kitchen, and an open living room.
The commercial space contains a lobby, stage, and storage rooms, with a flexible interior layout. It was previously used as a convenience shop.
The commercial space contains a lobby, stage, and storage rooms, with a flexible interior layout. It was previously used as a convenience shop.
Key Highlights
- 3,000‑square‑foot mixed‑use property built in 1955
- Upstairs apartment with 3 bedrooms and 1 bathroom
- Apartment includes a full kitchen and open living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,238
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,760
$384.8K
Cap Rate 7%
$274,829
$274.8K
Cap Rate 9%
$213,756
$213.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$34.2K $11.40/SF
− Vacancy
−$3.4K −$1.14/SF
EGI
$30.8K $10.26/SF
− OpEx
−$11.5K −$3.85/SF
NOI
$19.2K $6.41/SF
Area
Kanawha County, WV
Vacancy
10.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,760
Cap Rate 7%
$274,829
Cap Rate 9%
$213,756
Alternative Uses
Best Use
Retail
$413.9K
$362.1K – $482.8K
NOI $28,970 @ 7.0% cap · market cap 144.85%
Second Best
Apartment 5plus
$276.4K
$241.8K – $322.4K
NOI $19,345 @ 7.0% cap · market cap 96.73%
Theoretical Best
Office A
$661.6K
$578.9K – $771.8K
NOI $46,310 @ 7.0% cap · market cap 231.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
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Business Placement
Demographics for 25387, WV
5,215
Population
2,904
Households
1.8
Avg Household Size
40
Median Age
16%
College-Educated
83%
High-School Grad
5.5 sq mi
ZIP Area
948
Density / Sq Mi
$41,635
Median Household Income
$30,742
Median Earnings
$1,029
Median Rent
$85,700
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The upper residence has three bedrooms, while the ground floor is configured for commercial use.
Where is this mixed-use property located?
The property is located at 1820 Washington Street W Charleston, WV.
What are key features of this property?
This property features: 3,000‑square‑foot mixed‑use property built in 1955; Upstairs apartment with 3 bedrooms and 1 bathroom; Apartment includes a full kitchen and open living room
