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    2 Mountain View St Petersburg, WV 26847

    Sponsored
    For Sale
    $1,060,000

    Two buildings, high-traffic location, strong tenants.

    Property size:
    19,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity in Petersburg, West Virginia, presents two commercial buildings totaling 19,400 square feet on a 2-acre lot. The portfolio comprises two buildings situated at 2 and 7 Mountain View Street. The first building, a 13,000 square foot, single-story brick structure at 2 Mountain View Street, is currently leased to Dollar General through Summer 2028. Recent improvements include a 2018 parking lot resurfacing, a 2023 sewer line replacement, and a 2006 gravel roof replacement. The building also features a convenient overhead door accessing the parking lot. The second building, located at 7 Mountain View Street, is a two-story structure offering 6,400 square feet. Leased to Potomac Highlands Guild, a mental health clinic, until Spring 2036, this building boasts updated LVT flooring on the upper level, mini-split HVAC systems (2022-2023 installation), and a 2017 roof replacement with a transferable warranty (with notification and fee). The property offers 60 parking spaces and benefits from a high-traffic location along Virginia Avenue, averaging 6,244 vehicles daily (Esri and Data Axle, 2024 data). Both buildings are situated within the city limits of Petersburg, WV, zip code 26847. The property was built in 1966 and underwent renovations in 2006. This owner-user investment opportunity is priced at $1,060,000.

    Property Features for 2 Mountain View St

    General Information

    Property type
    Individual retail properties
    Square Feet
    19,400 SF

    Building Details

    Year Built/Renovated
    1966/2006
    Buildings
    2
    Stories
    2
    Units
    2

    HighLights

    • High‑visibility signage opportunities.
    • Excellent street frontage with high traffic counts.
    • Ample parking available for tenants and customers.
    • Modern, efficient floor plans ideal for a variety of businesses.
    • Located in a thriving commercial district with strong demographics.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Petersburg
    County
    Grant
    State
    West Virginia
    Longitude
    -79.1249939
    Latitude
    38.9905628

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    FAQs

    What type of property is this?
    Individual retail property - Two buildings, high-traffic location, strong tenants.
    Where is this individual retail property located?
    The property is located at 2 Mountain View St Petersburg, WV.
    What is the asking price?
    The asking price for this property is $1,060,000.
    What are key features of this property?
    This property features: High-visibility signage opportunities.; Excellent street frontage with high traffic counts.; Ample parking available for tenants and customers.
    Request Owner's contact information
    2 Mountain View St Petersburg, WV 26847
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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
    2 Mountain View St Petersburg, WV 26847
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