203 Elizabeth Way, Fayetteville, WV 25840
This exceptional 2.5-acre property in Fayetteville, West Virginia, presents a unique investment opportunity. Located on heavily trafficked Highway Route 19, boasting 30,000 vehicles daily, this land offers unparalleled visibility and accessibility. One acre is immediately developable, featuring a grade-level, flat terrain, ready for construction. All utilities are readily available, simplifying the development process. The property's commercial zoning allows for a wide range of uses, making it ideal for businesses seeking high-traffic exposure. Its strategic location is further enhanced by its proximity to significant landmarks and amenities. Just two miles from the iconic New River Gorge Bridge, West Virginia's most famous landmark, and a half-mile from a bustling Walmart/Lowe's plaza, this location benefits from established commercial activity and high tourist traffic. The area is experiencing significant growth, with over $50 million in recently completed and upcoming developments within a two-mile radius. Furthermore, a proposed $30 million tourist resort development is planned for the area, promising future growth and increased property value. Fayetteville itself is home to the recently designated (2021) New River Gorge National Park and Preserve, attracting nearly 2 million visitors annually, creating a robust and expanding market for commercial ventures. This property is offered for sale and presents a compelling opportunity for immediate development or build-to-suit projects. The asking price is $399,999.
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.