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    414 Milroy Grose Rd Lansing, WV 25862

    Sponsored
    For Sale
    $1,500,000

    Prime 20-acre commercial lot near New River Gorge.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 20-acre commercial property, located at 414 Milroy Grose Rd, Lansing, WV 25862, presents a unique investment or owner-user opportunity. Strategically situated at the exit of Route 19, this land boasts high visibility and convenient access to the renowned New River Gorge and Bridge. The asking price is $1,500,000, translating to $60,000 per acre. The property includes existing structures, adding significant value to the offering. These structures comprise a former restaurant building and a 2,500 square foot warehouse featuring three roll-up doors, ideal for various commercial uses. Two cabins are also situated on the property. This versatile land parcel offers tremendous potential for a wide range of development projects, capitalizing on its prime location and existing infrastructure. The expansive acreage provides ample space for future expansion and development, making it an attractive proposition for businesses seeking a prominent presence in a rapidly growing area. This is a rare opportunity to acquire a substantial commercial land parcel in a highly desirable location. The combination of location, size, and existing structures makes this property a compelling investment. Serious inquiries are encouraged.

    Property Features for 414 Milroy Grose Rd

    General Information

    Property type
    Land
    Lot Size
    871,200 SF

    HighLights

    • 20‑acre commercial land parcel at the Route 19 exit.
    • Investment or owner‑user opportunity.
    • Asking price: $1,500,000.
    • Land value: $60,000/acre.
    • Located in Lansing, WV (Fayette County), zip code 25826.
    • Features a former restaurant, 2,500 sq ft warehouse with three roll‑up doors, and two cabins.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lansing
    County
    Fayette
    State
    West Virginia
    Longitude
    -81.055629
    Latitude
    38.088569

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    FAQs

    What type of property is this?
    Land - Prime 20-acre commercial lot near New River Gorge.
    Where is this land located?
    The property is located at 414 Milroy Grose Rd Lansing, WV.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 20-acre commercial land parcel at the Route 19 exit.; Investment or owner-user opportunity.; Asking price: $1,500,000.
    (304) 840-1781
    Request Owner's contact information
    414 Milroy Grose Rd Lansing, WV 25862
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    414 Milroy Grose Rd Lansing, WV 25862
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