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    307 Merchant St Fairmont, WV 26554

    For Sale
    $875,000

    Prime Retail Portfolio: High-Traffic Location

    Property size:
    12,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail investment opportunity presents a portfolio of two buildings totaling 12,800 square feet situated on a 0.815-acre lot in Fairmont, West Virginia. The property, located at 307 Merchant Street, enjoys a highly visible corner location at the intersection of Merchant and Market Streets, boasting 265 feet of road frontage along Market Street and approximately 132 feet along Merchant Street. The portfolio includes a main building offering approximately 10,000 square feet of leasable space and a second, 2,800 square foot building currently occupied by BFS Liquor. Built in 1938 and renovated since, the single-story buildings are zoned CC - City Center, providing flexibility for various retail uses. The property features ample off-street parking with 50 spaces, overhead doors, and substantial storage. Its strategic location offers excellent access and visibility, situated just 1.4 miles from I-79, Exit 136, and a convenient 1.1 miles from downtown Fairmont. The high-traffic area benefits from a daily traffic count of approximately 13,822 vehicles on State Street, ensuring significant exposure for your business. This portfolio presents a rare opportunity to acquire a well-positioned, established retail property in a thriving West Virginia market. The asking price for this turnkey investment is $875,000.

    Property Features for 307 Merchant St

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,800 SF
    Lot Size
    35,501 SF

    Building Details

    Year Renovated
    1938
    Buildings
    2
    Stories
    1

    HighLights

    • Ample off‑street parking.
    • Multiple overhead doors.
    • Generous storage space.
    • High visibility and convenient access.
    • 265 feet of road frontage.
    • Close proximity to I‑79 (1.4 miles) and Fairmont's downtown (1.1 miles).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairmont
    County
    Marion
    State
    West Virginia
    Longitude
    -80.13824321
    Latitude
    39.48151094

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Portfolio: High-Traffic Location
    Where is this individual retail property located?
    The property is located at 307 Merchant St Fairmont, WV.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: Ample off-street parking.; Multiple overhead doors.; Generous storage space.
    Request Owner's contact information
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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
    307 Merchant St Fairmont, WV 26554
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