611 3Rd AveHuntington, WV 25701

Property Details for 611 3Rd Ave

Lot size

0.76 AC

Property type

Office properties

Property subtype

Office buildings

APN

06-07- 17-0143.0000

APU

6071701430000

Description

This exceptional Class A office building, located at 611 & 632 3rd Ave in Huntington, West Virginia, offers a compelling investment opportunity. The property encompasses 47,409 square feet across three stories, with a sizable basement (11,103 SF), first floor (11,103 SF), second floor (11,546 SF), and third floor (13,657 SF). Currently housing a regionally recognized, large US law firm headquartered in Cincinnati, Ohio, as its primary tenant, this property presents a unique sale-for-leaseback opportunity. The existing lease provides immediate income potential, with the added benefit of negotiating an extended lease term. Further value-add potential exists through leasing approximately 7,500 square feet of currently vacant space. Situated in the heart of downtown Huntington, the building enjoys a prime location near Pullman Square, the Market, numerous restaurants, hotels (DoubleTree and Delta), Marshall University, and the Big Sandy Supercenter. The sale also includes the vacant Wendy's building across the street, providing additional parking and storage. The 0.76-acre lot and gross lease structure complete this attractive offering, priced at $3,535,000. The property is situated in Cabell County, WV, zip code 25701.

• CAP approach

  CAP return

  Valuation

  6%

  $5,623,608

  6.5%

  $5,191,022

  7%

  $4,820,236

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,100,758

  Geo Method

  $3,100,758

• Alternative Use

  Use

  Valuation

  Residential

  $6,436,868

  Hospitality

  $5,896,136

  Educational

  $4,905,516

  Medical

  $5,074,224

  Retail

  $7,630,804

Location Insight

City

Huntington

County

Cabell

State

West Virginia

Latitude

38.4209

Longitude

-82.448

CBSA code

26580

CBSA name

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

Property Tax & Assessments

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