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    1021 Virginia Ave Welch, WV 24801

    Sponsored
    For Lease
    $12 SF/Yr

    Prime Retail Space - High Traffic Area

    Lot size:
    23,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity in Welch, West Virginia, presents a 3,965 square foot vacant space within a larger 23,000 square foot multi-tenant building. The property is strategically located at 1021 Virginia Ave, Welch, WV 24801, benefiting from high visibility and traffic volume. Currently, the building houses established businesses including Family Dollar, Pizza Hut, and Advance Auto Parts, ensuring a strong tenant mix and consistent foot traffic. The available space is ideal for a variety of retail uses, including, but not limited to, the previously mentioned pharmacy concept. The building's size and layout offer flexibility for customization to meet specific business needs. This location provides excellent access to a well-established customer base in a thriving community. The property's strong existing tenancy and prime location make it an attractive investment opportunity for businesses seeking high visibility and a stable market. The 5,767 square feet of vacant space offers significant potential for expansion or additional leasing opportunities within the building. This is a rare chance to secure a prominent retail presence in a busy commercial area of Welch, West Virginia. Interested parties are encouraged to inquire for further details and leasing options.

    Property Features for 1021 Virginia Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,000 SF
    Total Rate
    23000

    Unit(s) available at that property

    Space
    Available Space
    Size
    3,965 SF
    Rate per SF
    $12

    HighLights

    • Family Dollar, Pizza Hut, and Advance Auto are anchors in this new retail plaza, located next to Sav‑a‑Lot.
    • High‑visibility storefront with abundant parking and prominent signage opportunities.
    • Convenient access via Route 52 overpass.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Dental Office Hair Salon Auto Repair Shop Clothing Store Gym & Fitness Hotel & Motel Auto Parts Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Welch
    County
    Mcdowell
    State
    West Virginia
    Longitude
    -81.5717248
    Latitude
    37.432115

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space - High Traffic Area
    Where is this retail property located?
    The property is located at 1021 Virginia Ave Welch, WV.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Family Dollar, Pizza Hut, and Advance Auto are anchors in this new retail plaza, located next to Sav-a-Lot.; High-visibility storefront with abundant parking and prominent signage opportunities.; Convenient access via Route 52 overpass.
    Request Owner's contact information
    1021 Virginia Ave Welch, WV 24801
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    Welch, WV 24801
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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
    1021 Virginia Ave Welch, WV 24801
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