Property profile

165 Monroe Ave Lewisburg, WV 24901

OFF-MARKET
Commercial real estate
0.56 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Lot 0.56 ac (24,394 SF)

Cap rate & NOI

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

Location

165 Monroe Ave Lewisburg, WV 24901
Lewisburg metro
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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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