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    408 Nicholas St Rupert, WV 25984

    Sponsored
    For Sale
    $525,000

    Established 24-bed assisted living home

    Property size:
    6,758 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,758 sq ft, three-story assisted living facility in Rupert, West Virginia, presents a unique turnkey business opportunity. Located on a 0.64-acre lot at 408 Nicholas St, this property boasts 24 bedrooms (15 resident, 2 private apartment, 7 total), 3 full baths, and 3 half baths. The main level features a spacious living room, administrative and nursing offices, a large dining room with a fireplace, a kitchen with walk-in pantry, and laundry facilities equipped with commercial-grade appliances. The lower level includes additional resident bedrooms and baths. A private apartment on the upper level offers original oak flooring, two bedrooms, and a bath. The property includes all furnishings and equipment. The building features durable manufactured wood flooring, vinyl siding, and a metal roof. Heating is electric baseboard, and cooling is provided by window units. The attractively landscaped yard includes mature trees and a storage shed. Conveniently located near shopping and services in Rainelle and Lewisburg, this property offers significant potential for continued success in the growing eldercare market. Note: The license to operate as an assisted living facility is not included in the sale and must be obtained separately. Asking price: $525,000.

    Property Features for 408 Nicholas St

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,758 SF
    Lot Size
    27,878 SF

    Building Details

    Stories
    3

    HighLights

    • Turnkey assisted living facility in Rupert, WV.
    • 6,758 sq ft, three‑story building on a 0.64‑acre lot at 408 Nicholas St.
    • 24 bedrooms (15 resident, 2 private apartment, 7 total), 3 full baths, 3 half baths.
    • Main level features living room, offices, dining room with fireplace, kitchen with walk‑in pantry, and commercial laundry.
    • Includes all furnishings and equipment; features durable flooring, vinyl siding, and metal roof.
    • Asking price: $525,000 (license to operate not included).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Wholesale Shop Hair Salon Building Supply Pharmacy Kitchen & Bath Food Market Accounting Firm Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rupert
    County
    Greenbrier
    State
    West Virginia
    Longitude
    -80.6928656
    Latitude
    37.9635494

    Nearby Comparable

    • $525,000
      0.64 Acres

      Turnkey Assisted Living Facility

      Established WV Eldercare Business - High ROI
      408 Nicholas St, Rupert, WV 25984
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    • $525,000
      6,758 SF

      Turnkey Assisted Living Facility

      24-bed assisted living home in Rupert, WV with live-in apartment.
      408 Nicholas St, Rupert, WV 25984
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    • $149,900
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      Commercial Property on Route 60

      Versatile commercial property with road exposure and ample parking.
      202 Nicholas St, Rupert, WV 25984
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    • $150,000
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      Prime Rupert Commercial Property

      Established Restaurant, High Visibility, 0.74 Acres
      202 Nicholas St, Rupert, WV 25984
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    • $34,000
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      Commercial Lot with Brick Building

      2.43 acre lot with commercial building in Hines, WV.
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    • $54,900
      2,332 SF

      Commercial Building in Rainelle, WV

      Commercial building with offices, restrooms, and storage on US Rt 60.
      873 Main St, Rainelle, WV 25962
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    Nearby Similar for Sale

    • $525,000
      6,758 SF

      Turnkey Assisted Living Facility

      24-bed assisted living home in Rupert, WV with live-in apartment.
      408 Nicholas St, Rupert, WV 25984
      View Details
    • $149,900
      0.74 Acres

      Commercial Property on Route 60

      Versatile commercial property with road exposure and ample parking.
      202 Nicholas St, Rupert, WV 25984
      View Details
    • $525,000
      0.64 Acres

      Turnkey Assisted Living Facility

      Established WV Eldercare Business - High ROI
      408 Nicholas St, Rupert, WV 25984
      View Details
    • $150,000
      0.74 Acres

      Prime Rupert Commercial Property

      Established Restaurant, High Visibility, 0.74 Acres
      202 Nicholas St, Rupert, WV 25984
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Established 24-bed assisted living home
    Where is this multifamily property located?
    The property is located at 408 Nicholas St Rupert, WV.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Turnkey assisted living facility in Rupert, WV.; 6,758 sq ft, three-story building on a 0.64-acre lot at 408 Nicholas St.; 24 bedrooms (15 resident, 2 private apartment, 7 total), 3 full baths, 3 half baths.
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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
    408 Nicholas St Rupert, WV 25984
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