Property profile

358 Riverside Dr Rainelle, WV 25962

OFF-MARKET
Warehouses
7,434 SF 0.72 ac lot Built 1940
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 7,434 square foot warehouse situated on a 0.72-acre lot in Rainelle, West Virginia. Located at 358 Riverside Drive, zip code 25962, this property boasts two buildings, each two stories high, and offers significant potential for a variety of uses. Built in 1940, the property is being sold AS IS and requires some renovations, but holds immense potential for redevelopment. Previously owned by the family of the current owner since 2005, and historically used by NEHI-ROYAL CROWN BOTTLING CO. for production, this versatile space could be transformed into a warehouse, mechanic shop, garage, or other commercial enterprise. The property also includes living quarters on the upper level, adding to its unique appeal. The asking price is $195,000 ($26.23 per square foot). The seller will clear the property before closing. The estimated occupancy date is August 14, 2024. This is an owner/user investment opportunity.

Property profile

Verified
Property type Warehouses
Year built 1940
Total area 7,434 SF
Lot 0.72 ac (31,363 SF)

Cap rate & NOI

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

Location

358 Riverside Dr Rainelle, WV 25962
Rainelle metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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