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    2800 Pike St Parkersburg, WV 26101

    Sponsored
    For Sale
    $1,000,000

    5-Acre Commercial Lot, High Growth Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5-acre commercial lot, located at 2800 Pike Street in Parkersburg, West Virginia, presents a unique investment opportunity. Situated in a rapidly developing area of southern Wood County, this property benefits from its proximity to established shopping centers, restaurants, and retail outlets, ensuring high visibility and convenient access for potential customers. The site is ideally positioned within a thriving trade area, easily accessible within a 7-minute drive. Preliminary site work, including excavation, has already been completed, significantly streamlining the development process for future projects. Detailed market analysis, utilizing data from ChainXY and Shopping Center Database, Inc., supports the property's strong potential. This comprehensive analysis provides insights into tenant compatibility and market synergy, allowing for informed decision-making regarding development plans. The property's zoning is currently unlisted (NA), offering flexibility for various commercial ventures. The potential uses for this land are diverse, ranging from traditional commercial development to residential projects such as townhouses or condominiums. This is an exceptional opportunity for developers seeking to capitalize on the area's growth and establish a presence in a dynamic commercial landscape. The asking price for this significant parcel is $1,000,000.

    Property Features for 2800 Pike St

    General Information

    Property type
    Specialty properties
    Lot Size
    217,800 SF

    HighLights

    • Excellent investment opportunity in rapidly expanding southern Wood County, WV.
    • High‑visibility location near established retail and restaurants.
    • Site preparation complete; excavation already finished.
    • Ideal for developers seeking to capitalize on area growth.
    • Potential for townhouse or condo development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Parkersburg
    County
    Wood
    State
    West Virginia
    Longitude
    -81.542888510289
    Latitude
    39.223584702527

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    FAQs

    What type of property is this?
    Specialty property - 5-Acre Commercial Lot, High Growth Area
    Where is this specialty property located?
    The property is located at 2800 Pike St Parkersburg, WV.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Excellent investment opportunity in rapidly expanding southern Wood County, WV.; High-visibility location near established retail and restaurants.; Site preparation complete; excavation already finished.
    Request Owner's contact information
    2800 Pike St Parkersburg, WV 26101
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    Parkersburg, WV 26101
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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
    2800 Pike St Parkersburg, WV 26101
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