Auto Service and Repair
705 7th Street Parkersburg, WV 26101
705 7th Street, Parkersburg, WV, 26101
$999,000
For Sale
$999,000
Three auto-industry buildings with multiple overhead garage doors and one currently leased garage on 7th Street frontage.
Property Size7,200 SF
Price / SF$138.75
Days on Market126
Property Features for 705 7th Street
General Information
- Standard status
- Active
- Size
- 7,200 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1996
Listing agency
Berkshire Hathaway HomeServices Professional Realty
(304) 482-7500
Listed by
Steven Shaver · License #29911
(304) 482-7500
Source
Xome
Added: Mar 18 Updated: Jul 21 at 12:25AM Checked: Jul 21 at 3:10AM
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 for-sale automotive property includes three buildings totaling 7,200 square feet, previously used in the auto industry. The site features multiple overhead garage doors across the buildings, including a 3,600-square-foot building with five overhead garage doors, a separate 2,400-square-foot building with two overhead garage doors, and a 1,200-square-foot garage with one overhead garage door. The property also includes a 1 BR, 1 bath apartment within the 2,400-square-foot building. The 1,200-square-foot garage is currently leased and is producing income.
The property is located in downtown Parkersburg with 655 feet of frontage on 7th Street. The offering consists of 21 parcels listed as 05-81-01410000 through 05-81-01150000 and additional parcel numbers in the same series.
Overall, the configuration is well-suited to automotive-related operations, with dedicated garage space and an on-site apartment integrated into one of the buildings.
The property is located in downtown Parkersburg with 655 feet of frontage on 7th Street. The offering consists of 21 parcels listed as 05-81-01410000 through 05-81-01150000 and additional parcel numbers in the same series.
Overall, the configuration is well-suited to automotive-related operations, with dedicated garage space and an on-site apartment integrated into one of the buildings.
Key Highlights
- Just under 2 acres with 655 ft of 7th Street frontage in downtown Parkersburg
- Three auto‑industry buildings with overhead garage doors, plus one 1 BR 1 bath apartment
- Total building/garage sizes include 3,600 SF (5 overhead doors), 2,400 SF (2 overhead doors), and 1,200 SF (1 overhead door)
Local Financial Insights For Retail
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 | $103.7k | $14.40 |
| − Vacancy | −$4.4k | −$0.60 |
| EGI | $99.3k | $13.80 |
| − OpEx | −$29.8k | −$4.14 |
| NOI | $69.5k | $9.66 |
7,200 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$993.3K
$869.1K – $1.16M
NOI $69,528 @ 7.0% cap · market cap 6.96%
Second Best
Industrial
$435.8K
$381.3K – $508.4K
NOI $30,503 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$1.98M
$1.74M – $2.32M
NOI $138,931 @ 7.0% cap · market cap 13.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Code Compliant Resources
Construction Company
Similar For Sale Nearby
Similar Off Market Nearby
- Automotive Repair Services — 2402 Camden Ave, Parkersburg, WV 26101
- Bmw Mechanic — 2716 Camden Ave, Parkersburg, WV 26101
- Honda Specialist Mechanic — 2716 Camden Ave, Parkersburg, WV 26101
- Mini Cooper Mechanic — 2716 Camden Ave, Parkersburg, WV 26101
- Cornerstone Auto Service — 2716 Camden Ave, Parkersburg, WV 26101
FAQs
What type of property is this?
Auto shop - Three auto-industry buildings with multiple overhead garage doors and one currently leased garage on 7th Street frontage.
Where is this auto shop located?
The property is located at 705 7th Street Parkersburg, WV.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Just under 2 acres with 655 ft of 7th Street frontage in downtown Parkersburg; Three auto‑industry buildings with overhead garage doors, plus one 1 BR 1 bath apartment; Total building/garage sizes include 3,600 SF (5 overhead doors), 2,400 SF (2 overhead doors), and 1,200 SF (1 overhead door)
