Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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