Two-Building Flex
86 Washington Ave, Huntington, WV 25701
For Sale
$489,000
Commercial improvements with paved parking support retail, office, storage, service, and contractor-oriented operations.
Property Size7,500 SF
Lot Size0.49 Acres
Price / SF$65.20
Days on Market114
Property Features for 86 Washington Ave
General Information
Standard status
Size
Lot size
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
Cornerstone Realty, LLC
(304) 382-0889
Listed By:
Don Stover
(304) 546-8941
Source:
Exprealty
Added: Jul 24
Changed: Nov 5
Last Checked: Nov 12 at 9:55AM
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 Cornerstone Realty, LLC
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Investment Insights
Based on property information with market context.
This flex space offering includes two separate buildings with a combined area of approximately 7,500 square feet. The property occupies two parcels totaling approximately 0.49 acre and includes paved parking. Its prior use as a paint store provides established commercial-building context, while the available configuration can accommodate retail, office, storage, service, contractor, or owner-user functions.
Located at 86 Washington Ave in Huntington, WV, the property combines building space and land across a two-parcel site. Zoning, utilities, flood status, measurements, and permitted uses are subject to buyer verification.
Located at 86 Washington Ave in Huntington, WV, the property combines building space and land across a two-parcel site. Zoning, utilities, flood status, measurements, and permitted uses are subject to buyer verification.
Key Highlights
- Two buildings totaling approximately 7500 square feet
- Two parcels totaling approx. 0.49 acre
- Paved parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,311
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,220
$866.2K
Cap Rate 7%
$618,729
$618.7K
Cap Rate 9%
$481,233
$481.2K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$74.7K $9.96/SF
− Vacancy
−$8.1K −$1.08/SF
EGI
$66.6K $8.88/SF
− OpEx
−$23.3K −$3.11/SF
NOI
$43.3K $5.77/SF
Area
Cabell County, WV
Vacancy
10.80%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,220
Cap Rate 7%
$618,729
Cap Rate 9%
$481,233
Alternative Uses
Best Use
Retail
$899.1K
$786.7K – $1.05M
NOI $62,937 @ 7.0% cap · market cap 12.87%
Second Best
Flex RnD
$618.7K
$541.4K – $721.9K
NOI $43,311 @ 7.0% cap · market cap 8.86%
Theoretical Best
Multifamily LT 5
$4.55M
$3.98M – $5.30M
NOI $318,158 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 25701, WV
22,342
Population
12,388
Households
1.8
Avg Household Size
41
Median Age
38%
College-Educated
89%
High-School Grad
38.9 sq mi
ZIP Area
574
Density / Sq Mi
$51,671
Median Household Income
$32,873
Median Earnings
$869
Median Rent
$153,700
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Huntington, WV
Properties on Market for Flex space in Huntington
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Vandalia Crowd House — 833 3rd Ave Rear, Huntington, WV 25701
Frequently Asked Questions
What type of property is this?
Flex space - Commercial improvements with paved parking support retail, office, storage, service, and contractor-oriented operations.
Where is this flex space located?
The property is located at 86 Washington Ave Huntington, WV.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Two buildings totaling approximately 7500 square feet; Two parcels totaling approx. 0.49 acre; Paved parking included
