122 Main StBeckley, WV 25801

Property Details for 122 Main St

Year built

1922

Construction

STONE

Lot size

0.28 AC

Property size (Sq ft)

4,247 SF

Property type

Office properties

Property subtype

Office buildings

APN

41-01- 18-0052.0000

APU

41011800520000

Description

This exceptional commercial property, located at 122 Main Street in Beckley, West Virginia, presents a unique investment opportunity. The three-story, Class B building, constructed in 1916, boasts a total of 100,006 square feet situated on a 0.082-acre lot. The building's permitted zoning is commercial. The main floor offers approximately 3,600 square feet of finished, open A1 space, perfect for a variety of professional uses, including law or accounting firms. Two ADA-compliant bathrooms are conveniently located on this level. A full, unfinished basement provides ample storage space. The second floor offers significant potential for additional office space development. This property enjoys a superb uptown location, steps away from the Courthouse, Federal Building, and County building, ensuring high visibility and accessibility. The asking price is $280,000, translating to $2.80 per square foot. The occupancy date is March 14, 2024. This is an ideal opportunity to acquire a substantial and well-situated commercial property in a thriving West Virginia community.

• CAP approach

  CAP return

  Valuation

  6%

  $465,946

  6.5%

  $430,104

  7%

  $399,382

• Comparable approach

  Method

  Valuation

  Relative Method

  $539,084

  Geo Method

  $719,187

• Alternative Use

  Use

  Valuation

  Residential

  $533,329

  Hospitality

  $488,526

  Educational

  $406,448

  Medical

  $420,426

  Retail

  $632,253

Location Insight

City

Beckley

County

Raleigh

State

West Virginia

Latitude

37.7784

Longitude

-81.1855

CBSA code

13220

CBSA name

BECKLEY, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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