Building Details

Building Size 22,848 SF

Year Built 1965

Construction brick

Listing Agency: THA Realty Show Phone

Listed By: Salesperson James Crow

Source: Karenullomrealty

Added: Oct 26 Changed: Oct 28 Last Checked: Oct 28 at 3:02PM

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Investment Insights

Based on property information with market context.

This 22,848-square-foot brick hotel, built in 1965, contains 52 guest rooms and 2 apartments. The building also has a partially finished basement with walk-out access; the space previously accommodated a bar and a gym. The hotel closed in 2020.

Zoned Commercial, the property may support lodging, assisted living, workforce housing, or residential use, subject to zoning. Modernization would be required to prepare the building for a new use.

Key Highlights

• 52 guest rooms and 2 apartments
• 22,848 square feet of building area
• 1965 brick construction

Property Analytics

Current Use

Hotels

Suggested Use

Top Pick Dental Office Hair Salon Spa & Massage Center Grocery & Convenience Store Furniture & Home Goods Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

259

Businesses Nearby

Explore this area Business Placement

Demographics for 26155, WV

8,095

Population

3,775

Households

2.1

Avg Household Size

47

Median Age

17%

College-Educated

93%

High-School Grad

113.9 sq mi

ZIP Area

71

Density / Sq Mi

$54,747

Median Household Income

$31,882

Median Earnings

$701

Median Rent

$123,000

Median Home Value

Frequently Asked Questions

What type of property is this?

Hotel - A partially finished, walk-out basement provides additional space beyond the guest rooms and apartments.

Where is this hotel located?

The property is located at 834 3rd Street New Martinsville, WV.

What is the asking price?

The asking price for this property is $670,000.

What are key features of this property?

This property features: 52 guest rooms and 2 apartments; 22,848 square feet of building area; 1965 brick construction