1101-1107 2Nd Ave, Montgomery, WV 25136
This 1.19-acre commercial property in Montgomery, West Virginia, at 1101-1107 2nd Avenue (zip code 25136), is being sold at a public auction concluding Wednesday, September 18th at noon. Online bidding is available. The property comprises multiple buildings. 1101 and 1103 2nd Avenue house a turn-key laundromat generating a gross monthly income of $10,000-$12,000 (currently owner-operated), featuring two storefronts, an office, restrooms, and central heating and air conditioning. 1105 2nd Avenue offers a substantial 7,000+ square foot building, previously occupied by a Family Dollar store. This building boasts updated roofing and HVAC systems, an office, storage room, and two restrooms. Finally, 1107 2nd Avenue is a florist shop currently leased to a long-term tenant for $750 per month, including an office, storage area, a bonus room, and two restrooms. All buildings benefit from city water and sewage services. The asking price is disregarded as the property will be sold via auction. Detailed auction bidding instructions are available online. This presents a unique opportunity to acquire a multi-faceted commercial property with significant income potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.