856 Ritter DrBeaver, WV 25813

Property Details for 856 Ritter Dr

Lot size

0.25 AC

Property type

Office properties

Property subtype

Office buildings

APN

41-08-1004-0118.0000

APU

4108100401180000

Description

This exceptional commercial property, located at 856 Ritter Drive in Beaver, West Virginia, presents a unique investment opportunity. Spanning nearly three-quarters of an acre, this highly visible site boasts a prime location directly across from the Kroger Shopping Center, ensuring significant foot and vehicle traffic. The property's level topography makes it ideal for a variety of commercial ventures. Previously utilized as a medical office, the existing structure offers a solid foundation for a new business. The seller, a recently retired physician, is highly motivated to sell. The property is being sold "as is," with measurements considered approximate. A key advantage is the inclusion of two additional buildings/offices on the site, offering versatile options for expansion, additional rental income, or diverse business operations. This presents a rare chance to acquire a substantial commercial property in a thriving location with high visibility and significant potential. The asking price is $585,000. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,209,133

  6.5%

  $1,116,123

  7%

  $1,036,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,398,928

  Geo Method

  $1,866,296

• Alternative Use

  Use

  Valuation

  Residential

  $1,383,992

  Hospitality

  $1,267,730

  Educational

  $1,054,736

  Medical

  $1,091,010

  Retail

  $1,640,701

Location Insight

City

Beaver

County

Raleigh

State

West Virginia

Latitude

37.7488

Longitude

-81.1359

CBSA code

13220

CBSA name

BECKLEY, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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