Versatile Commercial Property with
For Sale
Contact for pricing
303-305 3rd Ave, Huntington, WV 25701
Commercial property featuring warehouse and converted office space.
Property Size3,672 SF
Price / SF$59.91
Days on Market208
Property Features for 303-305 3rd Ave
General Information
Standard status
Active
Size
3,672 SF
Property subtype
Special Purpose
Building Details
Year Built
1900
Listing Agency:
Century 21 Huntington
Listed By:
Shane Radcliff · License #WVA260040417
(304) 634-5993
Source:
Crexi
Added: Mar 13
Changed: Sep 26
Last Checked: Oct 5 at 6:01PM
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 Century 21 Huntington
Investment Insights
Based on property information with market context.
This versatile commercial property is located on a corner lot and offers 3,672 square feet of space. The property includes a metal warehouse and a home that has been converted into office space. It features a well-maintained kitchenette, full and half bathrooms, and ample off-street gated parking. There is also a vacant section of the property that potentially offers more space for expansion or storage. The combination of a warehouse and office space presents an opportunity for businesses needing both production and administrative areas. The property is located in Huntington, WV.
Key Highlights
- Versatile commercial property with 3,672 sq ft of space.
- Features both a metal warehouse and converted home office space.
- Highly visible corner lot location.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,686
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,720
$373.7K
Cap Rate 7%
$266,943
$266.9K
Cap Rate 9%
$207,622
$207.6K
Market Conditions
NOI Build-Up for 3,672 SF
Gross rent
$28.6K $7.80/SF
− Vacancy
−$1.9K −$0.53/SF
EGI
$26.7K $7.27/SF
− OpEx
−$8.0K −$2.18/SF
NOI
$18.7K $5.09/SF
Area
Cabell County, WV
Vacancy
6.80%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,720
Cap Rate 7%
$266,943
Cap Rate 9%
$207,622
Alternative Uses
Best Use
Office B
$611.7K
$535.2K – $713.6K
NOI $42,817 @ 7.0% cap · market cap 19.46%
Second Best
Mixed Use
$519.3K
$454.4K – $605.9K
NOI $36,353 @ 7.0% cap · market cap 16.52%
Theoretical Best
Multifamily LT 5
$2.23M
$1.95M – $2.60M
NOI $155,770 @ 7.0% cap · market cap 70.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,652
Businesses Nearby
Explore this area
Business Placement
Demographics for 25701, WV
22,342
Population
12,388
Households
1.8
Avg Household Size
41
Median Age
38%
College-Educated
89%
High-School Grad
38.9 sq mi
ZIP Area
574
Density / Sq Mi
$51,671
Median Household Income
$32,873
Median Earnings
$869
Median Rent
$153,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property featuring warehouse and converted office space.
Where is this mixed-use property located?
The property is located at 303-305 3rd Ave Huntington, WV.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Versatile commercial property with 3,672 sq ft of space.; Features both a metal warehouse and converted home office space.; Highly visible corner lot location.**
