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    501 Elizabeth St Charleston, WV 25311

    Sponsored
    For Sale
    $289,000

    Prime WV location, 19,650+ sq ft

    Property size:
    19,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity encompasses a substantial 19,650-square-foot religious/church building situated on a 0.48-acre lot in Charleston, West Virginia. Located at 501 Elizabeth Street, this property presents a unique blend of potential uses, ideally suited for adaptive reuse or mixed-use development. The main structure, a two-building complex, offers ample space for a variety of purposes. Its prime location on the corner of Elizabeth and Jackson streets in Charleston's East End, within an Opportunity Zone, adds significant value and potential for tax advantages. The property's size and location make it highly attractive for a range of commercial ventures. An adjacent single-family residence, boasting 2,508 square feet, is also available for sale, presenting a compelling opportunity for a combined acquisition. This combined property offers a significant footprint and potential for a substantial return on investment. The existing structure requires vision and renovation, but the potential for redevelopment is substantial given its size, location, and the current market demand. This is a rare chance to acquire a large property in a desirable area with significant upside potential. The property is located in Kanawha County, West Virginia, with a zip code of 25311.

    Property Features for 501 Elizabeth St

    General Information

    Property type
    Churches & religious facilities
    Square Feet
    19,650 SF
    Lot Size
    20,909 SF

    Building Details

    Buildings
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Charleston Gabriel Project Non-Profit Organization Metro Valley Gabriel ... Non-Profit Organization

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Kanawha
    State
    West Virginia
    Longitude
    -81.615630978308
    Latitude
    38.34144132363

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    FAQs

    What type of property is this?
    Church & religious facility - Prime WV location, 19,650+ sq ft
    Where is this church & religious facility located?
    The property is located at 501 Elizabeth St Charleston, WV.
    What is the asking price?
    The asking price for this property is $289,000.
    Request Owner's contact information
    501 Elizabeth St Charleston, WV 25311
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    Charleston, WV 25311
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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
    501 Elizabeth St Charleston, WV 25311
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