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    1107 Johnstown Rd Beckley, WV 25801

    For Sale
    $189,000

    Freestanding Retail Building, 4,200 SF

    Property size:
    4,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 4,200 square foot, two-story freestanding retail building located at 1107 Johnstown Rd, Beckley, WV 25801. Built in 1960, this Class B property sits on a 0.17-acre lot and offers ample parking with 10 spaces. Currently, the building boasts 55% occupancy across multiple tenants. The asking price is $189,000, translating to $45 per square foot. The property features 102 feet of frontage on Johnstown Road, providing excellent visibility and accessibility. With its strategic location in Beckley, West Virginia, and designation as an Opportunity Zone, this property presents a compelling investment prospect for discerning buyers. The building's 4,200 square feet provides significant potential for future growth and development. The property's strong location and existing tenancy make it an attractive option for investors seeking a stable and potentially appreciating asset. The 0.57 FAR offers potential for expansion or redevelopment. This is a rare opportunity to acquire a well-located retail property in a growing market.

    Property Features for 1107 Johnstown Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,200 SF
    Class
    B
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1960
    Stories
    2

    HighLights

    • Investment opportunity.
    • Retail property, freestanding.
    • 4,200 square feet, Class B building.
    • Built in 1960, $189,000 asking price ($45/SF).
    • 55% occupancy, multiple tenants.
    • Two‑story building, 0.17‑acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Freestanding property

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Beckley
    County
    Raleigh
    State
    West Virginia
    Longitude
    -81.169281
    Latitude
    37.781349

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    FAQs

    What type of property is this?
    Individual retail property - Freestanding Retail Building, 4,200 SF
    Where is this individual retail property located?
    The property is located at 1107 Johnstown Rd Beckley, WV.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: Investment opportunity.; Retail property, freestanding.; 4,200 square feet, Class B building.
    (304) 840-1781
    Request Owner's contact information
    1107 Johnstown Rd Beckley, WV 25801
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    Beckley, WV 25801
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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
    1107 Johnstown Rd Beckley, WV 25801
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