Multi-Tenant Warehouse
2777 Pennsylvania Avenue Charleston, WV 25302
2777 Pennsylvania Avenue, Charleston, WV, 25302
Contact for pricing
For Sale
Contact for pricing
Four tenants occupy the warehouse on month-to-month agreements, providing in-place income for an investor or owner-user.
Property Size16,749 SF
Price / SF$119.41
Days on Market62
Property Features for 2777 Pennsylvania Avenue
General Information
- Standard status
- Active
- Size
- 16,749 SF
- Property subtype
- Industrial, Land
Listing agency
Berkshire Hathaway HomeServices Professional Realty Mason
Listed by
David Mussari · License #BRKP.2007001761
Source
Crexi
Added: May 22 Updated: Jul 20 at 6:24PM Checked: Jul 21 at 5:38AM
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 Mason
Investment Insights
Based on property information with market context.
This multi-tenant warehouse property is currently occupied by four tenants, all on month-to-month agreements. The current occupancy provides in-place income, while the structure supports flexibility for an investor or owner-user.
The site is located along I-79 near exit 1, with access to both northbound and southbound travel and visibility to traffic moving in both directions.
The property may also offer redevelopment or alternative use opportunities, subject to zoning.
The site is located along I-79 near exit 1, with access to both northbound and southbound travel and visibility to traffic moving in both directions.
The property may also offer redevelopment or alternative use opportunities, subject to zoning.
Key Highlights
- Multi‑tenant commercial property with four tenants currently occupying the warehouse
- All four tenants are on month‑to‑month agreements
- In‑place rental income is available immediately
Local Financial Insights For Warehouse
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 | $124.6k | $7.44 |
| − Vacancy | −$9.7k | −$0.58 |
| EGI | $114.9k | $6.86 |
| − OpEx | −$17.2k | −$1.03 |
| NOI | $97.7k | $5.83 |
16,749 SF · lease $7.44/SF/yr · vacancy 7.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.40M
$1.22M – $1.63M
NOI $97,659 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.69M
$3.23M – $4.31M
NOI $258,551 @ 7.0% cap · market cap 12.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Barone Bros. Pizza
Restaurant
BoxDrop Furniture Charleston
Furniture & Home Goods
Head Hunters Styling ...
Hair Salon
Similar For Sale Nearby
Similar Off Market Nearby
- Appalachian Mini Storage — 59 Dutch Rd, Charleston, WV 25302
FAQs
What type of property is this?
Warehouse - Four tenants occupy the warehouse on month-to-month agreements, providing in-place income for an investor or owner-user.
Where is this warehouse located?
The property is located at 2777 Pennsylvania Avenue Charleston, WV.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Multi‑tenant commercial property with four tenants currently occupying the warehouse; All four tenants are on month‑to‑month agreements; In‑place rental income is available immediately
