Property summary
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
VerifiedCap rate & NOI
Current use
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General Contractor
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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