410 1St Ave Nitro, WV 25143
- Warehouses
- 0.20 lot acres
Current Use by Public Records
- DCA License Service LLC / License Bureau / Notary Public
Property Details for 410 1St Ave
- Lot size
- 0.20 lot acres
- Property type
- Warehouses
- APN
- 20-27- 13-0090.0004
- APU
- 20271300900004
Description
This exceptional investment opportunity presents a substantial 6,354 square foot office building situated on a 0.62-acre lot in the thriving city of Nitro, West Virginia. The property is ideally located at 410 1st Avenue, Unit 410, offering convenient access to local amenities and transportation routes. The building itself provides ample space for a variety of business uses, making it a versatile option for potential buyers. The sale includes an additional parcel of land, significantly increasing the overall value of the property. This additional parcel, identified by Tax ID 27-0013-0090-0004-0000, encompasses approximately 0.2 acres and is legally described as "0.2 AC M/L PT LT 5-6 RESUB OF 1.73AC". This presents a unique opportunity to expand the existing building, develop additional structures, or simply benefit from the increased land holdings. The asking price for this prime commercial property is $390,000, representing a compelling investment opportunity in a desirable location. The substantial square footage, combined with the additional land parcel, makes this a rare find in the Nitro commercial real estate market. Serious inquiries are encouraged to explore this promising investment prospect further.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $285,000
- 6.5%
- $305,000
- 7%
- $290,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $320,000
- Geo Method
- $315,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $305,000
- Retail
- $250,000
- Mixed-Use
- $285,000
- Hospitality
- $255,000
- Educational
- $265,000
- Residential Income
- $340,000
- Energy
- $305,000
- Income-Based Land
- $260,000
- Food Service
- $315,000
Location Insight
- Map
- Local Demand
- City
- Nitro
- County
- Kanawha
- State
- West Virginia
- Longitude
- -81.8361
- Latitude
- 38.3986
- CBSA code
- 16620
- CBSA name
- CHARLESTON, WV METROPOLITAN STATISTICAL AREA