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    OFF-MARKET
    Office Spaces

    3779 Old Lochgelly Rd, Oak Hill, WV 25901

    12,600 SF 2 ac lot Built 1920
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
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    Zoning & alternative use
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    Permitted uses
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