1107 Johnstown RdBeckley, WV 25801

Property Details for 1107 Johnstown Rd

Lot size

0.12 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

41-01- 14-0122.0001

APU

41011401220001

Description

This exceptional investment opportunity presents a 4,200 square foot, two-story freestanding retail building located at 1107 Johnstown Rd, Beckley, WV 25801. Built in 1960, this Class B property sits on a 0.17-acre lot and offers ample parking with 10 spaces. Currently, the building boasts 55% occupancy across multiple tenants. The asking price is $189,000, translating to $45 per square foot. The property features 102 feet of frontage on Johnstown Road, providing excellent visibility and accessibility. With its strategic location in Beckley, West Virginia, and designation as an Opportunity Zone, this property presents a compelling investment prospect for discerning buyers. The building's 4,200 square feet provides significant potential for future growth and development. The property's strong location and existing tenancy make it an attractive option for investors seeking a stable and potentially appreciating asset. The 0.57 FAR offers potential for expansion or redevelopment. This is a rare opportunity to acquire a well-located retail property in a growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $563,918

  6.5%

  $520,540

  7%

  $483,359

• Comparable approach

  Method

  Valuation

  Relative Method

  $652,435

  Geo Method

  $870,408

• Alternative Use

  Use

  Valuation

  Residential

  $645,470

  Hospitality

  $591,247

  Educational

  $491,910

  Medical

  $508,828

  Retail

  $765,194

Location Insight

City

Beckley

County

Raleigh

State

West Virginia

Latitude

37.7813

Longitude

-81.1693

CBSA code

13220

CBSA name

BECKLEY, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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