2239 Charles StWellsburg, WV 26070

Property Details for 2239 Charles St

Lot size

0.09 AC

Property type

Retail properties

Property subtype

Retail space

APN

05-07-W22F-0210.0000

APU

0507W22F02100000

Description

This exceptional mixed-use property at 2239 Charles Street in Wellsburg, West Virginia, presents a compelling investment opportunity. The 2,432 square foot building sits on a 0.09-acre lot and offers a diverse income stream. The property includes a four-bedroom, two-bathroom apartment, a currently rented studio apartment with a long-term tenant, and thirteen climate-controlled storage units. The potential for expansion is significant, with the possibility of adding seven more storage units to further increase revenue. The building benefits from ample parking located to the side, and its prime location on heavily trafficked Charles Street ensures high visibility and accessibility. This property is ideal for investors seeking a diversified portfolio with immediate cash flow and significant upside potential. The motivated seller is open to considering all offers. The combination of residential and commercial rental units, coupled with the storage facility, creates a robust and resilient income stream. The property's strategic location and existing tenant base provide a solid foundation for future growth and profitability. This is a rare opportunity to acquire a well-established, income-producing property in a desirable location. Don't miss out on this chance to build your passive income portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $1,059,534

  6.5%

  $978,031

  7%

  $908,172

• Comparable approach

  Method

  Valuation

  Relative Method

  $893,382

  Geo Method

  $893,382

• Alternative Use

  Use

  Valuation

  Residential

  $825,006

  Hospitality

  $755,701

  Educational

  $628,734

  Medical

  $650,358

  Retail

  $978,031

Location Insight

City

Wellsburg

County

Brooke

State

West Virginia

Latitude

40.2862

Longitude

-80.6107

CBSA code

48260

CBSA name

WEIRTON-STEUBENVILLE, WV-OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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