Flex Space with Heavy-Access
328 S Wickham, Princeton, WV 24740
For Sale
$385,000
Commercial Sale, PRINCETON, WV
Property Size6,500 SF
Lot Size1.26 Acres
Price / SF$59.23
Days on Market142
Property Features for 328 S Wickham
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Amenities
16-foot ceilings
three-phase power
oversized doors
expansion potential
Building Details
Year built
Listing Agency:
COLDWELL BANKER HENDRICK REAL ESTATE
(304) 487-5050
Listed By:
SUMMER CARTER
(681) 532-9687
Added: Jun 22
Changed: Oct 22
Last Checked: Nov 10 at 5:06PM
MLS# 57183
Copyright © 2026 Mercer Tazewell Co BOR. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 6,500-square-foot flex property, built in 1992, occupies 1.26 acres within the city limits of Princeton. The building includes 16-foot ceilings, a 40-by-50-foot retail, showroom, or waiting area, two 12-foot doors, a 9-foot door, and a 14-foot-high door. A one-ton lift and five cranes, including three-ton-capacity cranes, support operations involving large equipment and vehicles. Three-phase power is also in place.
The property combines flexible interior space with equipment-oriented access and is suited to manufacturing, automotive, warehouse, or other commercial operations. Two bathrooms are included, and the site offers room for expansion according to the property information.
The property combines flexible interior space with equipment-oriented access and is suited to manufacturing, automotive, warehouse, or other commercial operations. Two bathrooms are included, and the site offers room for expansion according to the property information.
Key Highlights
- 6,500‑square‑foot commercial building on 1.26 acres
- 16‑foot ceilings with a 40'x50' retail, showroom, or waiting area
- Two oversized 12‑foot doors, one 9‑foot door, and one 14‑ft height door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,161
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$623,220
$623.2K
Cap Rate 7%
$445,157
$445.2K
Cap Rate 9%
$346,233
$346.2K
Market Conditions
NOI Build-Up for 6,500 SF
Gross rent
$39.0K $6.00/SF
− Vacancy
−$2.3K −$0.36/SF
EGI
$36.7K $5.64/SF
− OpEx
−$5.5K −$0.85/SF
NOI
$31.2K $4.79/SF
Area
Mercer County, WV
Vacancy
6.00%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$623,220
Cap Rate 7%
$445,157
Cap Rate 9%
$346,233
Alternative Uses
Best Use
Retail
$1.12M
$980.8K – $1.31M
NOI $78,460 @ 7.0% cap · market cap 20.38%
Second Best
Flex RnD
$586.4K
$513.1K – $684.1K
NOI $41,047 @ 7.0% cap · market cap 10.66%
Theoretical Best
Multifamily LT 5
$4.19M
$3.67M – $4.89M
NOI $293,560 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
16 ft
Clear height
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 24740, WV
16,238
Population
8,069
Households
2
Avg Household Size
43
Median Age
22%
College-Educated
89%
High-School Grad
30.6 sq mi
ZIP Area
531
Density / Sq Mi
$46,272
Median Household Income
$39,867
Median Earnings
$831
Median Rent
$133,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with showroom space, high ceilings, lifting equipment, and multiple doors for equipment access.
Where is this flex space located?
The property is located at 328 S Wickham Princeton, WV.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 6,500‑square‑foot commercial building on 1.26 acres; 16‑foot ceilings with a 40'x50' retail, showroom, or waiting area; Two oversized 12‑foot doors, one 9‑foot door, and one 14‑ft height door
