5453 Big Tyler Rd Charleston, WV 25313-1133

Property Details for 5453 Big Tyler Rd

Lot size

1.86 lot acres

Property type

Grocery and convenience stores

APN

20-25- 22E-0074.0000

APU

202522E00740000

Description

This exceptional investment opportunity presents a 29,500 square foot, single-story retail and office building situated on a 1.86-acre lot in Cross Lanes, West Virginia. The property, located at 5453 Big Tyler Rd, boasts a strong 5.63% cap rate and a current NOI of $81,600. The building, constructed in 1974, features a total of three units, with a current occupancy rate of 30%. One unit (6,500 sq ft) is currently leased to a daycare center, extending until October 1, 2029. Two additional vacant units present significant upside potential. A 15,500 square foot space, previously a fitness center, includes an in-ground pool and locker rooms. A 7,500 square foot space, formerly used as a church, offers versatile options for office or retail use. The property includes 54 parking spaces and is classified as a Class B building with a modified lease type. The net rentable area is 23,000 square feet, with an asking price of $1,450,000 ($49.15 per square foot). This owner/user investment presents a compelling opportunity to capitalize on a prime location and substantial potential for increased revenue. The property's APN is Union 22E-74. The building is situated in Kanawha County, West Virginia, zip code 25313.

Location Insight

City

Charleston

County

Kanawha

State

West Virginia

Longitude

-81.7842

Latitude

38.4254

CBSA code

16620

CBSA name

CHARLESTON, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments