432 2Nd StHuntington, WV 25701

Property Details for 432 2Nd St

Lot size

0.23 AC

Property type

Office properties

Property subtype

Office buildings

APN

06-07- 28-0178.0000

APU

6072801780000

Description

This exceptional 5,040 square foot office space at 432 2nd Street, Unit 432, Huntington, WV, presents a unique investment opportunity. Situated on a 0.23-acre lot, the property boasts a flexible layout ideal for a variety of uses. Previously operating as a child development center and later adapted as an office, this building offers a full kitchen, numerous spacious rooms, and a functional design ready for immediate occupancy. Its adaptability makes it suitable for a range of businesses, including medical practices, daycare centers, or other professional office settings. The location is highly desirable, offering convenient proximity to both Marshall University and Cabell Huntington Hospital, ensuring easy access for staff and clients. Furthermore, its location provides quick access to downtown Huntington, benefiting from the area's amenities and vibrant business community. Priced at $955,000, this property represents a compelling investment in a high-demand area with significant potential for growth and return. The building's existing infrastructure and adaptable design minimize upfront renovation costs, making it an attractive option for businesses seeking a move-in ready space. Don't miss this chance to acquire a well-positioned commercial property in a thriving West Virginia city.

• CAP approach

  CAP return

  Valuation

  6%

  $1,714,445

  6.5%

  $1,582,564

  7%

  $1,469,524

• Comparable approach

  Method

  Valuation

  Relative Method

  $945,315

  Geo Method

  $945,315

• Alternative Use

  Use

  Valuation

  Residential

  $1,962,380

  Hospitality

  $1,797,529

  Educational

  $1,495,523

  Medical

  $1,546,957

  Retail

  $2,326,370

Location Insight

City

Huntington

County

Cabell

State

West Virginia

Latitude

38.4179

Longitude

-82.4554

CBSA code

26580

CBSA name

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

Property Tax & Assessments

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