Development Opportunity with River
Front Street, Williamstown, WV 26187
For Sale
$650,000
Versatile 1.258-acre property suitable for residential or commercial development.
Property Size6,700 SF
Lot Size1.26 Acres
Price / SF$97.01
Days on Market1291
Property Features for Front Street
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
3
Listed By:
Coldwell Banker Commercial Select Properties
(304) 422-6000
Source:
Xome
Added: Apr 30, 2023
Changed: Oct 25
Last Checked: Oct 25 at 2:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Select Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1.258-acre property offers an exceptional development opportunity with scenic Ohio River views and convenient access to a nearby public boat dock. The site includes a large warehouse, two residential homes, and a garage apartment. One home is currently rented, while the other two residential structures offer value-add potential and are ready for renovation or improvement. The property is zoned 2AX, permitting both residential and commercial uses, providing flexibility for various future plans. Zoning restrictions prohibit medical marijuana facilities and exotic clubs. All proposed construction or development must meet city and zoning approval requirements. The large metal building measures approximately 20' high × 50' wide × 134' long, offering substantial space for storage, operations, or redevelopment possibilities. Included parcels are 13-3-25B, 13-3-25C, and 13-3-25A. It is an attractive option for investors, developers, or owner-occupants seeking location and potential.
Key Highlights
- 1.258 acre property with OHIO RIVER VIEWS.
- Zoned 2AX allowing for residential or commercial development.
- Includes a LARGE WAREHOUSE (20' high × 50' wide × 134' long).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,467
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,340
$689.3K
Cap Rate 7%
$492,386
$492.4K
Cap Rate 9%
$382,967
$383.0K
Market Conditions
NOI Build-Up for 6,700 SF
Gross rent
$44.2K $6.60/SF
− Vacancy
−$3.7K −$0.55/SF
EGI
$40.5K $6.05/SF
− OpEx
−$6.1K −$0.91/SF
NOI
$34.5K $5.14/SF
Area
Wood County, WV
Vacancy
8.30%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,340
Cap Rate 7%
$492,386
Cap Rate 9%
$382,967
Alternative Uses
Best Use
Warehouse
$492.4K
$430.8K – $574.5K
NOI $34,467 @ 7.0% cap · market cap 5.30%
Second Best
Industrial
$405.5K
$354.8K – $473.1K
NOI $28,385 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$1.85M
$1.62M – $2.15M
NOI $129,283 @ 7.0% cap · market cap 19.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
Explore this area
Business Placement
Demographics for 26187, WV
6,209
Population
2,921
Households
2.1
Avg Household Size
45
Median Age
35%
College-Educated
96%
High-School Grad
21.5 sq mi
ZIP Area
289
Density / Sq Mi
$80,714
Median Household Income
$44,571
Median Earnings
$865
Median Rent
$183,100
Median Home Value
Market
Properties on Market for Commercial land in Wood County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Versatile 1.258-acre property suitable for residential or commercial development.
Where is this commercial land located?
The property is located at Front Street Williamstown, WV.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1.258 acre property with OHIO RIVER VIEWS.; Zoned 2AX allowing for residential or commercial development.; Includes a LARGE WAREHOUSE (20' high × 50' wide × 134' long).
