Property profile

3779 Old Lochgelly Rd Oak Hill, WV 25901

OFF-MARKET
Office Spaces
12,600 SF 2 ac lot Built 1920
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Property summary

AI-generated overview

This exceptional three-story, 12,600 square foot medical office building, constructed in 1920 and extensively renovated in 2020, is situated on a 2-acre lot in Oak Hill, West Virginia. The property, located just one mile northwest of the US Route 19 interchange at Lochgelly Road, features a prime location with convenient access. The building boasts elevator service and is comprised of versatile spaces suitable for various medical and traditional office uses. The main floor includes a reception area, pharmacy/office, lab, seven exam rooms, two offices, and three bathrooms. The second floor offers two large conference rooms, a breakroom, an office, a dental suite, a bathroom, and storage. The lower level provides additional offices, exam rooms, a breakroom, a waiting room, a bathroom, and storage. The building's design incorporates multiple electric and gas meters with separate entrances, allowing for potential multi-tenant occupancy. Currently, the dental suite is occupied, while the remainder of the building is available. The property includes parcels 13 and 22, which front Pemberton and Lochgelly Roads and provide ample parking. Parcels 12, 14, and 23 consist of greenspace. The property utilizes a septic system and is zoned commercial, situated outside of a high-risk flood zone. The asking price is $800,000, translating to $63.49 per square foot. The property's APN is 02-14A-0012-0000-0000, 02-14A-0013-0000-0000, 02-14A-0014-0000-0000, 02-14A-0022-0000-0000, and 02-14A-0023-0000-0000. The property is owned by Med Fay, Inc.

Property profile

Verified
Property type Office Spaces
Year built 1920
Total area 12,600 SF
Lot 2 ac (87,120 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3779 Old Lochgelly Rd Oak Hill, WV 25901
Oak Hill metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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