6072 Ohio River Rd Huntington, WV 25702

Property Details for 6072 Ohio River Rd

Year built

1964

Lot size

4.60 lot acres

Property size

74,683 SF

Property type

Specialty properties

Property subtype

Land

Description

This exceptional investment opportunity presents a 74,683 square foot special purpose property situated on a 4.6-acre lot at 6072 Ohio River Road in Huntington, West Virginia, zip code 25702. The property, a former electrical manufacturing facility, boasts a strategic location at a signalized intersection, offering convenient access to I-64 (2.5 miles), the NuCor Steel Plant (19 miles), and Huntington (6 miles). Currently leased to a single tenant under a net lease agreement with a corporate guarantee, the property enjoys 90% occupancy. The lease commenced August 1, 2023, and expires July 31, 2026, with two one-year lease options including rent bumps. The building features over 15,000 square feet of office space and over 60,000 square feet of industrial/manufacturing space, including one loading dock and seven roll-up doors. Significant features include three-phase power, six overhead cranes, battery backups, carbon water filtration, and a private sewer facility. Built in 1964 and renovated in the 1990s, this Class B, two-story building offers a 12-24 foot ceiling height. The asking price is $3,100,000, representing a price per square foot of $41.51 and a 6.45% cap rate based on a current Net Operating Income (NOI) of $200,000. Importantly, there are no zoning restrictions, B&O taxes, or usage limitations. An adjacent 23-acre parcel is also available for purchase. This property presents a compelling investment opportunity with significant potential.

Location Insight

City

Huntington

County

Cabell

State

West Virginia

Longitude

-82.3032

Latitude

38.4608