824 20Th StHuntington, WV 25703

Property Details for 824 20Th St

Lot size

0.09 AC

Property type

Retail properties

Property subtype

Retail space

APN

06-05- 31-0231.0000

APU

6053102310000

Description

This exceptional Huntington, WV commercial property at 824 20th Street, Unit 824, presents a unique investment opportunity. The 7,420 square foot building sits on a 0.09-acre lot and offers a spacious main floor ideal for a variety of uses. Envision a thriving retail space, modern office environment, or even light industrial operation. The layout is flexible and adaptable to suit diverse business needs. Convenient alley access and a large rear garage door simplify loading and unloading, enhancing operational efficiency. The property benefits from a high-traffic street location, ensuring excellent visibility and accessibility. Adding to its appeal, the second floor comprises three income-generating apartments, with a fourth apartment nearing completion. This provides a substantial and potentially growing rental income stream. This property is priced at $160,000 and presents a compelling investment opportunity. Furthermore, the possibility exists to acquire this property in conjunction with three additional rental properties situated on the same block, creating a significant portfolio expansion opportunity. This prime commercial real estate offers a blend of immediate income and long-term growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $949,714

  6.5%

  $876,659

  7%

  $814,041

• Comparable approach

  Method

  Valuation

  Relative Method

  $903,518

  Geo Method

  $903,518

• Alternative Use

  Use

  Valuation

  Residential

  $739,495

  Hospitality

  $677,373

  Educational

  $563,567

  Medical

  $582,949

  Retail

  $876,659

Location Insight

City

Huntington

County

Cabell

State

West Virginia

Latitude

38.418

Longitude

-82.4208

CBSA code

26580

CBSA name

HUNTINGTON-ASHLAND, WV-KY-OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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