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    Specialty properties

    6072 Ohio River Rd, Huntington, WV 25702

    74,683 SF 4.6 ac lot Built 1964
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Specialty properties
    Year built 1964
    Total area 74,683 SF
    Lot 4.6 ac (200,376 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
    Current use
    Occupant on record · Public records
    • SMC Electrical Products Electrical Service General Contractor
    • Becker Mining America Industrial Manufacturer Production Facility
    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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