Property profile

300 Technology Way Fort Ashby, WV 26719

OFF-MARKET
Industrial properties
11,000 SF 4.69 ac lot Built 2018
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Property summary

AI-generated overview

This exceptional 11,000-square-foot flex space property presents a unique investment opportunity. Situated on a generous 4.69 acres within the Fort Ashby Business & Technology Park, this single-tenant building offers significant potential. Constructed in 2018, the property features a two-story design. The ground floor comprises a large, open industrial space, previously configured as a gym, providing flexibility for various uses. The second floor includes a nearly completed (75-80%) apartment, readily adaptable as office space, adding versatility to the property. The property's layout allows for potential subdivision to accommodate multiple tenants, maximizing rental income. A substantial parking lot caters to ample guest parking, and the expansive acreage allows for future development or expansion. The strategic location in Fort Ashby, WV offers easy access to Cumberland, MD (14 miles south), Romney, WV (14 miles north), and Keyser, WV (15 miles northeast). Furthermore, the Mineral County Development Authority (MCDA) offers the possibility of acquiring additional adjacent acreage, should the need arise. Key features include a large parking lot, excellent signage opportunities, and an open floor plan on the ground floor. The partially finished apartment/office space on the second floor provides additional options for customization and use.

Property profile

Verified
Property type Industrial properties
Year built 2018
Total area 11,000 SF
Lot 4.69 ac (204,296 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • General Contractor

Location

300 Technology Way Fort Ashby, WV 26719
Fort Ashby metro
Google Maps

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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