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    2242 Williams Hwy Williamstown, WV 26187

    Sponsored
    For Sale
    $2,899,000

    Multi-tenant flex space, high occupancy.

    Property size:
    31,543 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fully leased, multi-tenant commercial property located at 2242 Williams Hwy, Williamstown, WV 26187. Boaz Business Park encompasses 31,543 square feet across two single-story buildings situated on a 2.19-acre lot (APN: 54-12-230-00S30000). Built in 1993, this Class C property boasts a diverse mix of eight tenants, achieving 100% occupancy and generating a strong net operating income (NOI) of $201,588, resulting in a compelling 6.95% cap rate. The property's diverse tenant base includes a mix of regional and local businesses, providing stability and consistent rental income. The property is categorized as Industrial, Mixed Use, Office, and Retail, with subtypes including Flex, Storefront, and Warehouse space, making it suitable for a variety of businesses. The lease type is NNN (Net, Net, Net), minimizing landlord responsibilities. This stabilized asset offers a rare chance to acquire a well-maintained, multi-tenant center with a proven track record of success, built and managed by the same owners for over 30 years. The asking price for this prime investment property is $2,899,000.

    Property Features for 2242 Williams Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    31,543 SF
    Class
    C
    Lot Size
    95,396 SF

    Building Details

    Year Built
    1993
    Buildings
    2
    Stories
    1

    HighLights

    • Fully leased, multi‑tenant commercial property at 2242 Williams Hwy, Williamstown, WV 26187.
    • Diverse mix of regional and local tenants providing stable income.
    • Stabilized, fully leased property with a strong tenant history and proven track record.
    Property Profile Location Intelligence

    Current Use by Public Records

    Carrie Derenberger Home Health Care Service Crystal Kingry Home Health Care Service Mary Gibbs Home Health Care Service Robert Ault Home Health Care Service Deborah Anderson Home Health Care Service

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Hair Salon Clothing Store Gym & Fitness Pharmacy Department Store Skin Care Clinic Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Williamstown
    County
    Wood
    State
    West Virginia
    Longitude
    -81.491072759748
    Latitude
    39.363373740576

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    FAQs

    What type of property is this?
    Individual retail property - Multi-tenant flex space, high occupancy.
    Where is this individual retail property located?
    The property is located at 2242 Williams Hwy Williamstown, WV.
    What is the asking price?
    The asking price for this property is $2,899,000.
    What are key features of this property?
    This property features: Fully leased, multi-tenant commercial property at 2242 Williams Hwy, Williamstown, WV 26187.; Diverse mix of regional and local tenants providing stable income.; Stabilized, fully leased property with a strong tenant history and proven track record.
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    Williamstown, WV 26187
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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
    2242 Williams Hwy Williamstown, WV 26187
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