165 Monroe Ave, Lewisburg, WV 24901
This exceptional 0.56-acre commercial lot presents a rare development opportunity in the heart of Lewisburg, West Virginia. Located on Monroe Avenue, this property enjoys high visibility and convenient access, situated just a short distance from the Robert C. Byrd Clinic and medical school, ensuring a strong potential customer base. The asking price of $275,000 already incorporates a pre-negotiated quote from a local demolition company for complete site clearing and preparation for new construction, eliminating significant upfront costs and streamlining the development process. This significantly reduces the burden of demolition and site preparation, allowing for a smoother transition into the construction phase. The C2 zoning allows for a wide range of commercial development possibilities, making this a versatile and attractive investment. Its location directly behind a GoMart convenience store further enhances its accessibility and visibility. This blank canvas awaits a visionary developer to create a thriving commercial enterprise in a thriving community. The property's proximity to major medical facilities makes it particularly well-suited for businesses catering to healthcare professionals and patients. This is a unique opportunity to acquire a ready-to-develop commercial lot in a desirable location with minimal upfront site preparation costs.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.