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    Specialty properties

    119 Riverside Dr, Rainelle, WV 25962

    17,880 SF 2.47 ac lot Built 1979
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 119 Riverside Drive in Rainelle, West Virginia, presents a unique investment opportunity. The property encompasses a substantial 17,880 square feet of space, strategically situated on a level 2.47-acre lot. The main structure is a 1979-built cinderblock warehouse boasting 8,400 square feet with impressive 18-foot ceilings. This area is complemented by two offices totaling 780 square feet, featuring climate control and two restrooms. An attached 6,000-square-foot metal building offers additional space with 24-foot ceilings, providing ample room for various commercial uses. Three large bay doors accommodate tractor-trailer access. The property also includes two coolers (one large, one small), a loading dock, and 600 square feet of upstairs storage. Significant upgrades have been implemented, including a 600-amp 3-phase electrical service, complete rewiring, interior repainting, and the installation of FRP paneling. Two 2,100-square-foot additions were completed in 2022, enhancing the property's functionality. The property is prepared for food-grade service. The site benefits from a well producing 62 gallons per minute and public sewer access. The property is zoned for commercial use and is conveniently located on Route 60, across from the railroad tracks. Note: Equipment within the warehouse is not included in the sale. The property is being sold "as is/where is."

    Property profile
    Verified
    Property type Specialty properties
    Year built 1979
    Total area 17,880 SF
    Lot 2.47 ac (107,593 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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