158 Pike St Clarksburg, WV 26301
- Commercial real estate
- 3,075 SF
Current Use by Public Records
- Commercial real estate
Property Details for 158 Pike St
- Year built
- 2021
- Property size
- 3,075 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents the Main Post Office of Clarksburg, West Virginia, located at 158 W Pike St, Clarksburg, WV 26301. The property, built in 2021 to USPS specifications, boasts a substantial 3,075 square feet on a 38,400 square foot lot. Currently occupied by the United States Postal Service under a single-tenant, 15-year lease commencing June 22, 2021, and expiring June 22, 2036, this offers a remaining lease term of approximately 11.6 years with 100% occupancy since its opening. The property features one loading dock. The asking price is $2,322,000, translating to a price per square foot of $755.12 and a compelling 6.11% cap rate based on a Net Operating Income (NOI) of $141,979. The lease includes a USPS partial maintenance rider and a USPS tax reimbursement rider, providing additional security and financial benefits to the investor. As the county seat post office for Harrison County, this property offers exceptional stability and long-term value in a prime location. This is a rare opportunity to acquire a newly constructed, high-quality, single-tenant post office with a strong, creditworthy tenant and a significant remaining lease term. The building is a single-story structure.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Clarksburg
- County
- Harrison
- State
- West Virginia
- Longitude
- -80.3375209
- Latitude
- 39.2798419