1025 Main St Wheeling, WV 26003
- Office buildings
- 57,455 SF
- 0.31 lot acres
Current Use by Public Records
- Office buildings
Property Details for 1025 Main St
- Year built
- 1914
- Lot size
- 0.31 lot acres
- Property size
- 57,455 SF
- Property type
- Office buildings
- APN
- 35-10-W43D-0022.0000
- APU
- 3510W43D00220000
Description
The Mull Center, located at 1025 Main St, Wheeling, WV 26003, presents a compelling value-add investment or owner-user opportunity. This ten-story, 86,000 square foot traditional office building offers significant potential for redevelopment or repositioning. Currently, the property generates income from existing tenants. The building boasts scenic views of the Ohio River and the Wheeling downtown area, adding to its appeal. Internal features include two passenger elevators and one freight elevator, facilitating efficient movement of people and goods. The seller is motivated to achieve a quick sale, presenting a unique opportunity for investors and owner-occupiers alike. This property is situated in Ohio County, West Virginia, providing access to a range of amenities and services. The building's substantial size and prime location make it an attractive prospect for those seeking a significant commercial real estate investment or a substantial space for their own operations. The existing income stream provides a solid foundation for future growth and development. This is a rare chance to acquire a substantial property in a desirable location with significant upside potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $900,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $855,000
- 6.5%
- $860,000
- 7%
- $825,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,010,000
- Geo Method
- $850,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $710,000
- Retail
- $880,000
- Mixed-Use
- $720,000
- Hospitality
- $765,000
- Educational
- $765,000
- Residential Income
- $965,000
- Energy
- $975,000
- Income-Based Land
- $975,000
- Food Service
- $860,000
Location Insight
- Map
- Local Demand
- City
- Wheeling
- County
- Ohio
- State
- West Virginia
- Longitude
- -80.7246
- Latitude
- 40.0698
- CBSA code
- 48540
- CBSA name
- WHEELING, WV-OH METROPOLITAN STATISTICAL AREA