318 Ferry St Montgomery, WV 25136

Property Details for 318 Ferry St

Property size

3,480 SF

Property type

Mixed-use properties

Description

This exceptional mixed-use property at 318 Ferry Street, Unit 318 in Montgomery, WV, presents a lucrative investment opportunity. The building boasts a total of 3,480 square feet spread across three floors. The ground floor features a recently renovated restaurant, ready for immediate occupancy or lease to a new tenant. The upper two floors comprise two separate two-bedroom apartments, each currently generating $600 per month in rental income, providing a stable and consistent cash flow. These apartments are well-maintained and offer comfortable living spaces for tenants. An unfinished basement offers significant potential for expansion or additional storage, allowing for future development and increased value. The property sits on a 0-acre lot, providing convenient access and minimal land maintenance. The asking price of $100,000 represents a compelling entry point into the Montgomery commercial real estate market, offering a strong return on investment through a blend of commercial and residential income streams. This versatile property is ideal for an investor seeking a blend of immediate income and long-term growth potential. The existing restaurant and apartments provide a solid foundation, while the unfinished basement presents exciting possibilities for future development and customization. Don't miss this chance to acquire a well-positioned mixed-use property in a thriving community.

Location Insight

City

Montgomery

County

Kanawha

State

West Virginia

Longitude

-81.3223

Latitude

38.1812