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    OFF-MARKET
    Land

    0 Stoney Rd, Fairmont, WV 26554

    0.86 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 0.86-acre commercial land parcel in Fairmont, West Virginia, presents a remarkable investment opportunity. Strategically located along the Fairmont Gateway Connector, this graded lot boasts convenient access to all commercial-grade utilities and offers seamless connectivity to downtown Fairmont. The property's high-density location ensures excellent visibility and accessibility, with neighboring businesses including WVU Medicine Urgent Care and Fairmont Federal Credit Union. Further enhancing its appeal, WVU Medicine has announced plans for a significant expansion, including a 25-bed hospital adjacent to the site, promising increased traffic and economic activity in the area. The site's proximity to I-79, specifically exits 136 (0.7 miles) and 137, provides quick interstate access, making it ideal for retail, office, or light industrial uses. High traffic counts are a key feature, with an annual average daily traffic (AADT) of 61,642 vehicles on I-79 (WVDOT GIS Data, 2020) and 7,371 vehicles on Stoney Road (WVDOT, 2017). This thriving area combines commercial services with a substantial residential population, creating a robust market for businesses. The property is zoned Highway Commercial and is priced at $249,000. This is a rare opportunity to acquire a well-situated commercial lot in a rapidly developing area of Marion County.

    Property profile
    Verified
    Property type Land
    Lot 0.86 ac (37,462 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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