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    1011 Speedway Ave Fairmont, WV 26554

    For Sale
    $389,000

    Four buildings, high traffic, immediate income.

    Property size:
    3,999 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use investment opportunity in Fairmont, West Virginia, presents four buildings totaling 3,999 square feet on a 0.54-acre lot. Built between 1925 and 1970, the portfolio includes single-family rentals, storefront space, and traditional office space. Two buildings are currently fully leased, generating immediate revenue. The property boasts excellent visibility and direct access to Speedway Avenue, with a daily traffic count of 7,044 vehicles (Esri and Data Axle, 2024). Its prime location is just 0.4 miles from I-79, Exit 137, providing quick interstate access and enhanced convenience. The surrounding area features popular fast-food restaurants like McDonald's, KFC, and Subway, indicating a thriving commercial environment and potential for future growth. The property includes 15 off-street parking spaces. This is a rare chance to acquire a well-positioned, income-producing mixed-use portfolio in a rapidly developing area of Marion County, WV, with a 26554 zip code. The address is 1011 Speedway Ave.

    Property Features for 1011 Speedway Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,999 SF

    Building Details

    Buildings
    4

    HighLights

    • Easy interstate access.
    • Modern office space available.
    • Ample off‑street parking.
    • Strong immediate rental income potential.
    • High visibility location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Map

    City
    Fairmont
    County
    Marion
    State
    West Virginia
    Longitude
    -80.120612245946
    Latitude
    39.476812524925

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    FAQs

    What type of property is this?
    Individual retail property - Four buildings, high traffic, immediate income.
    Where is this individual retail property located?
    The property is located at 1011 Speedway Ave Fairmont, WV.
    What is the asking price?
    The asking price for this property is $389,000.
    What are key features of this property?
    This property features: Easy interstate access.; Modern office space available.; Ample off-street parking.
    Request Owner's contact information
    1011 Speedway Ave Fairmont, WV 26554
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    Fairmont, WV 26554
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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
    1011 Speedway Ave Fairmont, WV 26554
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