Hospitality Land Development
For Sale
Contact for pricing
6401 MacCorkle Avenue SE, Charleston, WV 25304
3.7-acre site with on-site utilities, located on MacCorkle Avenue SE across from McDonald's.
Property Size27,000 SF
Lot Size3.70 Acres
Price / SF$74.07
Days on Market108
Property Features for 6401 MacCorkle Avenue SE
General Information
Standard status
Active
Size
27,000 SF
Class
C
Total Parking Spaces
121
Lot size
3.70 Acres
Property subtype
Industrial, Hospitality
Zoning
C
Investment Type
Value Add
Net Operating Income
$200,000
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1984
Buildings
3
Stories
1
Units
76
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Professional Realty
Listed By:
Duke Jordan · License #WV 0012870
(304) 415-0607
Source:
Crexi
Added: Jun 30
Changed: Oct 3
Last Checked: Oct 14 at 7:55PM
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
Investment Insights
Based on property information with market context.
This offering centers on the land underlying the Knight's Inn property, situated on a 3.7-acre footprint. The remarks indicate all utilities are located on site, and that should have numbers soon for raising structures. The total property size is listed as 27,000 square feet.
Access is described via the MacCorkle Ave SE Exit from Kanawha City, then east on MacCorkle toward GoMart Truck Stop, with the property on the right across from McDonald's.
For buyers focused on development or redevelopment, this is a land-forward opportunity with utilities already present on site.
Access is described via the MacCorkle Ave SE Exit from Kanawha City, then east on MacCorkle toward GoMart Truck Stop, with the property on the right across from McDonald's.
For buyers focused on development or redevelopment, this is a land-forward opportunity with utilities already present on site.
Key Highlights
- 3.7‑acre site with Knight's Inn located on the property footprint
- All utilities located on site
- Located on MacCorkle Avenue SE across from McDonald's
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,747
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,114,940
$3.1M
Cap Rate 7%
$2,224,957
$2.2M
Cap Rate 9%
$1,730,522
$1.7M
Market Conditions
NOI Build-Up for 27,000 SF
Gross rent
$372.6K $13.80/SF
− Vacancy
−$44.7K −$1.66/SF
EGI
$327.9K $12.14/SF
− OpEx
−$172.1K −$6.38/SF
NOI
$155.7K $5.77/SF
Area
Kanawha County, WV
Vacancy
12.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,114,940
Cap Rate 7%
$2,224,957
Cap Rate 9%
$1,730,522
Alternative Uses
Best Use
Hotel Hospitality
$2.22M
$1.95M – $2.60M
NOI $155,747 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.95M
$5.21M – $6.95M
NOI $416,794 @ 7.0% cap · market cap 20.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
Demographics for 25304, WV
8,466
Population
4,062
Households
2.1
Avg Household Size
44
Median Age
50%
College-Educated
94%
High-School Grad
9.7 sq mi
ZIP Area
873
Density / Sq Mi
$80,200
Median Household Income
$42,694
Median Earnings
$1,017
Median Rent
$227,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - 3.7-acre site with on-site utilities, located on MacCorkle Avenue SE across from McDonald's.
Where is this hotel located?
The property is located at 6401 MacCorkle Avenue SE 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: 3.7‑acre site with Knight's Inn located on the property footprint; All utilities located on site; Located on MacCorkle Avenue SE across from McDonald's
