105 Court StRipley, WV 25271

  • Office properties
  • 0.13 AC
For Sale
$325,000 View listing

Property Details for 105 Court St

Lot size
0.13 AC
Property type
Office properties
Property subtype
Office buildings
APN
18-05- 13-0098.0001
APU
18051300980001

Description

This exceptional 8,198 square foot, two-story office building located at 105 N Court Street, Unit 105, Ripley, WV, presents a unique investment opportunity. Completely remodeled in 2017/2018, the property boasts a sleek, contemporary design and offers a blend of modern functionality and professional appeal. The building sits on a 0.19-acre lot and is currently available for sale or lease with an option to purchase. The first floor features four to five individual office spaces, a full kitchen, and a welcoming lobby. The second floor includes a studio apartment, a reception/common area, and six additional office spaces. The main level's rear area provides a versatile open-concept layout encompassing a storage area, kitchen, prep area, and a bathroom. This property is ideal for businesses seeking a high-quality, well-maintained space in a desirable location. Its modern design and ample space make it an attractive option for a variety of professional uses. The combination of office spaces and a studio apartment offers flexibility for a business owner or could be used to generate additional income. Don't miss this chance to acquire a remarkable commercial property in Ripley, WV.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $970,610
    6.5%
    $895,948
    7%
    $831,952
  • Comparable approach

    Method
    Valuation
    Relative Method
    $521,579
    Geo Method
    $521,579
  • Alternative Use

    Use
    Valuation
    Residential
    $1,110,976
    Hospitality
    $1,017,648
    Educational
    $846,671
    Medical
    $875,789
    Retail
    $1,317,044
105 Court St, Ripley, West Virginia
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Location Insight

City
Ripley
County
Jackson
State
West Virginia
Latitude
38.8191
Longitude
-81.7114
CBSA code
16620
CBSA name
CHARLESTON, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$3,377
$12,180
$100,680
$112,860
-
$20,300
$167,800
$188,100

FAQs

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