Hospitality Land Development
6401 MacCorkle Avenue SE Charleston, WV 25304
For Sale
Contact for pricing
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$122.22
Days on Market29
Property Features for 6401 MacCorkle Avenue SE
General Information
Standard status
Active
Size
27,000 SF
Lot size
3.70 Acres
Property subtype
Industrial, Hospitality
Listing Agency:
Berkshire Hathaway HomeServices Professional Realty
Listed By:
Duke Jordan · License #WV 0012870
Source:
Crexi
Added: Jun 30
Changed: Jul 23
Last Checked: Jul 27 at 12:31PM
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 For Hotel Hospitality
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 | $372.6k | $13.80 |
| − Vacancy | −$44.7k | −$1.66 |
| EGI | $327.9k | $12.14 |
| − OpEx | −$172.1k | −$6.38 |
| NOI | $155.7k | $5.77 |
27,000 SF · lease $13.80/SF/yr · vacancy 12.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$2.22M
$1.95M – $2.60M
NOI $155,747 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.95M
$5.21M – $6.95M
NOI $416,794 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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 $3,300,000.
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
