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    1863 Oakridge Dr Charleston, WV 25311

    Sponsored
    For Sale
    $900,000

    Prime Charleston development opportunity. R-6 zoning, multi-family potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9.5-acre commercial land parcel presents a unique investment opportunity in Charleston, West Virginia. Located at 1863 Oakridge Dr, Charleston, WV 25311, this property boasts a highly desirable R-6 zoning designation, making it well-suited for a variety of development projects. The site is conveniently situated along the south side of Oakridge Drive, just east of its intersection with the four-lane Greenbrier Street (Route 114), ensuring excellent visibility and accessibility. Access is via a private paved driveway off Byus Drive. Conceptual plans for multi-family residential units and patio-style residences have already been developed, showcasing the property's potential. While the site includes three existing structures (built between 1980 and 1988), a former meeting hall/worship facility being the main building, these are not currently in use and would require renovation for repurposing. Note that a portion of the land is subject to a powerline right-of-way. The property's favorable zoning and strategic location make it an attractive prospect for developers seeking to capitalize on the growing Charleston market. The asking price is $900,000. The APN is 10-62-008-0000-0000. Ownership is held by Noi Chay, Kiran Devaraj & Jeff Goins.

    Property Features for 1863 Oakridge Dr

    General Information

    Property type
    Land
    Lot Size
    413,820 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    WVGL Clock Repair Watch Repair Service Covenant Christian Fellowship Church West Virginia Gemological ... Appraiser

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Kanawha
    State
    West Virginia
    Longitude
    -81.598597232174
    Latitude
    38.345855907018

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    FAQs

    What type of property is this?
    Land - Prime Charleston development opportunity. R-6 zoning, multi-family potential.
    Where is this land located?
    The property is located at 1863 Oakridge Dr Charleston, WV.
    What is the asking price?
    The asking price for this property is $900,000.
    (304) 343-5695
    Request Owner's contact information
    1863 Oakridge Dr Charleston, WV 25311
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    Charleston, WV 25311
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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
    1863 Oakridge Dr Charleston, WV 25311
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