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    OFF-MARKET
    Commercial real estate

    165 Monroe Ave, Lewisburg, WV 24901

    0.56 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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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