303 Merchant St Fairmont, WV 26554-5213
- Warehouses
- 0.20 lot acres
Current Use by Public Records
- Warehouses
Property Details for 303 Merchant St
- Lot size
- 0.20 lot acres
- Property type
- Warehouses
- APN
- 24-05- 7-0042.0000
- APU
- 2405700420000
Description
This Fairmont, WV property, located at 303-305 Merchant Street, offers 12,800 square feet of flexible commercial space for lease. The property consists of two, single-story buildings totaling 12,800 square feet, built in 1938, and situated on a 0.815-acre lot. Divisible spaces range from 2,800 to 10,000 contiguous square feet, making it suitable for a variety of businesses. The property boasts excellent visibility with approximately 76 feet of frontage on Merchant Street and benefits from its location near the Fairmont Gateway Connector, providing easy access to I-79 (Exit 136) and downtown Fairmont (1.1 miles). With 55 parking spaces (approximately), the property is zoned CC - City Center and is within walking distance of numerous amenities. The high-traffic location, with approximately 13,822 vehicles per day on State Street (data from Esri, Esri and Kalibrate Technologies 2023), provides significant exposure. This is a rare opportunity to secure a versatile commercial space in a prime Fairmont location. The property is currently vacant.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $375,000
- 7%
- $340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $385,000
- Geo Method
- $360,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $415,000
- Retail
- $375,000
- Mixed-Use
- $395,000
- Hospitality
- $345,000
- Educational
- $405,000
- Residential Income
- $365,000
- Energy
- $365,000
- Income-Based Land
- $340,000
- Food Service
- $345,000
Location Insight
- Map
- Local Demand
- City
- Fairmont
- County
- Marion
- State
- West Virginia
- Longitude
- -80.1377
- Latitude
- 39.4814
- CBSA code
- 21900
- CBSA name
- FAIRMONT, WV MICROPOLITAN STATISTICAL AREA