Property profile

2800 Pike St Parkersburg, WV 26101

OFF-MARKET
Specialty properties
5 ac lot
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Property summary

AI-generated overview

This exceptional 5-acre commercial lot, located at 2800 Pike Street in Parkersburg, West Virginia, presents a unique investment opportunity. Situated in a rapidly developing area of southern Wood County, this property benefits from its proximity to established shopping centers, restaurants, and retail outlets, ensuring high visibility and convenient access for potential customers. The site is ideally positioned within a thriving trade area, easily accessible within a 7-minute drive. Preliminary site work, including excavation, has already been completed, significantly streamlining the development process for future projects. Detailed market analysis, utilizing data from ChainXY and Shopping Center Database, Inc., supports the property's strong potential. This comprehensive analysis provides insights into tenant compatibility and market synergy, allowing for informed decision-making regarding development plans. The property's zoning is currently unlisted (NA), offering flexibility for various commercial ventures. The potential uses for this land are diverse, ranging from traditional commercial development to residential projects such as townhouses or condominiums. This is an exceptional opportunity for developers seeking to capitalize on the area's growth and establish a presence in a dynamic commercial landscape. The asking price for this significant parcel is $1,000,000.

Property profile

Verified
Property type Specialty properties
Lot 5 ac (217,800 SF)

Cap rate & NOI

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

Location

2800 Pike St Parkersburg, WV 26101
Parkersburg 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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