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Retail and Rental Property Portfolio
For Sale
$799,000

2979 Cherokee Road, Northfork, WV 24868

COMMERCIAL - NORTHFORK, WV

Property Size1,500 SF
Lot Size3.38 Acres
Price / SF$532.67
Days on Market321

Property Features for 2979 Cherokee Road

General Information

Property type Commercial Sale
Property subtype Other
Subdivision Area 14
Standard status Active
Size 1,500 SF
Lot size 3.38 Acres

Building Details

Year built 1956
Listing Agency: OLD COLONY REALTORS
Listed By: Laura Collins · License #WVS210301731
Added: Oct 15, 2025 Changed: Aug 4 Last Checked: Aug 31 at 6:06AM
MLS# 92950

Copyright © 2026 Beckley Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This for-sale property portfolio includes a commercial building known as Jake’s Store, described as a heated and cooled space with fixtures conveying, along with 3 homes, an outbuilding, and 17 lots. The offering also features creekside property along Bearwallow Branch, as well as two established income-producing vacation rentals and 2 RV rental spaces. A third home is noted as ready for finishing, and several undeveloped lots are included for additional expansion opportunities within the portfolio.

The property is conveniently located just off US 52 between Bluefield and Welch, in Northfork, WV, and is positioned for direct access to the Outlaw Trail System, with the remarks indicating that no trailering is required. The listing also states that the location is minutes from multiple Southern Hatfield and McCoy trail systems.

Overall, the portfolio combines residential and lodging-style rental components with on-site retail space and additional lots for future development.

Key Highlights

  • Portfolio built in 1956 includes 3 homes, Jake’s Store, an outbuilding, and creekside property along Bearwallow Branch
  • Established income‑producing vacation rentals plus 2 RV rental spaces
  • Heated and cooled commercial building for Jake’s Store with fixtures conveying

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Auto Repair Shop Real Estate Agency Bed & Breakfast Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

8
Businesses Nearby
Well-served
Demand for This Use

Demographics for 24868, WV

917
Population
834
Households
1.1
Avg Household Size
48
Median Age
19%
College-Educated
90%
High-School Grad
33.6 sq mi
ZIP Area
27
Density / Sq Mi
$22,060
Median Household Income
$685
Median Rent
$39,200
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Portfolio includes a heated and cooled commercial store plus multiple homes, vacation rentals, and RV rental spaces.
Where is this grocery and convenience store located?
The property is located at 2979 Cherokee Road Northfork, WV.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Portfolio built in 1956 includes 3 homes, Jake’s Store, an outbuilding, and creekside property along Bearwallow Branch; Established income‑producing vacation rentals plus 2 RV rental spaces; Heated and cooled commercial building for Jake’s Store with fixtures conveying
More about this property
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