1320 Smith St Charleston, WV 25301
- Warehouses
- 0.23 lot acres
Current Use by Public Records
- Pugh Furniture Warehouse Showroom / Mattress Store
- Yes Appliance Repair Charleston, WV / Appliance Repair Service / Bedding Store
Property Details for 1320 Smith St
- Lot size
- 0.23 lot acres
- Property type
- Warehouses
- APN
- 20-11- 18-0243.0000
- APU
- 20111802430000
Description
This exceptional investment opportunity presents a substantial 68,000 square foot warehouse complex located at 1320 Smith St, Charleston, WV 25301. The property, situated on a level, road-grade lot spanning 29,890 square feet, boasts convenient access to all public utilities. Zoned C-10 (General Commercial District), this property is outside any high-risk flood zones. The complex comprises two connected multi-story buildings – one three-story, the other four – totaling 68,000 square feet of net rentable space. Originally constructed around 1919 and renovated in 2020, these masonry structures feature exposed brick interiors, post and beam construction, and interior loading docks. Freight elevators and a fully sprinklered system enhance functionality. Ceiling heights range from 10 to 13 feet, with HVAC systems in select areas. An adjacent parking lot provides 17 spaces. The property's history includes a century of use as a furniture store and warehouse. APN numbers are 11-0018-0243-0000, 11-0018-0244-0000, and 11-0018-0245-0000. The asking price is $825,000. Ownership is held by BRS, LLC.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $305,000
- 6.5%
- $345,000
- 7%
- $340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $300,000
- Geo Method
- $375,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $355,000
- Retail
- $320,000
- Mixed-Use
- $310,000
- Hospitality
- $280,000
- Educational
- $305,000
- Residential Income
- $295,000
- Energy
- $320,000
- Income-Based Land
- $285,000
- Food Service
- $290,000
Location Insight
- Map
- Local Demand
- City
- Charleston
- County
- Kanawha
- State
- West Virginia
- Longitude
- -81.6221
- Latitude
- 38.3484
- CBSA code
- 16620
- CBSA name
- CHARLESTON, WV METROPOLITAN STATISTICAL AREA