2208 2Nd AveNitro, WV 25143

Property Details for 2208 2Nd Ave

Lot size

0.07 AC

Property type

Retail properties

Property subtype

Retail space

APN

20-27- 4-0013.0000

APU

2027400130000

Description

This exceptional 1440-square-foot office building presents a fantastic opportunity for entrepreneurs and investors alike. Located at 2208 2nd Avenue, Unit 2208, in Nitro, West Virginia, this property offers a versatile layout ideal for a variety of businesses. The building boasts ample space, divided into several separate rooms, providing flexibility for different operational needs. A convenient on-site bathroom is included, enhancing the functionality and convenience of the space. Furthermore, the property features washer/dryer hookups, adding to its practicality and appeal. The asking price is $75,000, representing a compelling investment opportunity in a desirable location. The property sits on a lot with zero acres, making it a low-maintenance option. This is a turnkey solution for those seeking a ready-to-occupy office space in Nitro, WV. The building's layout and features make it suitable for a range of businesses, from small startups to established companies seeking a cost-effective and well-appointed office space. Its strategic location within Nitro offers easy access to local amenities and transportation routes, further enhancing its appeal. This is a rare opportunity to acquire a well-maintained and functional office building at an attractive price point. Don't miss out on this chance to establish your business in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $780,184

  6.5%

  $720,170

  7%

  $668,729

• Comparable approach

  Method

  Valuation

  Relative Method

  $718,713

  Geo Method

  $718,713

• Alternative Use

  Use

  Valuation

  Residential

  $607,490

  Hospitality

  $556,458

  Educational

  $462,966

  Medical

  $478,888

  Retail

  $720,170

Location Insight

City

Nitro

County

Kanawha

State

West Virginia

Latitude

38.4223

Longitude

-81.8401

CBSA code

16620

CBSA name

CHARLESTON, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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