413 27Th StVienna, WV 26105

Property Details for 413 27Th St

Lot size

0.19 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

54-10- 1-0106.0000

APU

5410101060000

Description

This exceptional mixed-use commercial property, situated at 413 27th Street in Vienna, WV, presents a unique investment opportunity. Boasting nearly 2,900 square feet of space, the building comprises two separate office/retail units and a one-bedroom, one-bathroom residential apartment. Its strategic location off the heavily trafficked Grand Central Avenue ensures high visibility and accessibility. Each unit benefits from independent access and utilities (excluding water), offering flexibility for single or multi-tenant occupancy. The property features a prominent pylon sign, enhancing its marketing potential. Recent upgrades include a new roof, a modern HVAC system, and attractive LVT flooring throughout. The residential apartment is complete with appliances that will remain with the property. Meticulously maintained, this move-in ready building is an ideal choice for investors seeking a versatile and profitable commercial venture. The 0.31-acre lot provides ample space, and the building's well-maintained condition minimizes immediate capital expenditure needs. This is a rare opportunity to acquire a turnkey mixed-use property in a thriving West Virginia location. The combination of commercial and residential space provides diverse income streams and potential for future expansion or adaptation to changing market demands.

• CAP approach

  CAP return

  Valuation

  6%

  $1,402,824

  6.5%

  $1,294,915

  7%

  $1,202,421

• Comparable approach

  Method

  Valuation

  Relative Method

  $753,839

  Geo Method

  $753,839

• Alternative Use

  Use

  Valuation

  Residential

  $1,605,694

  Hospitality

  $1,470,807

  Educational

  $1,223,694

  Medical

  $1,265,779

  Retail

  $1,903,525

Location Insight

City

Vienna

County

Wood

State

West Virginia

Latitude

39.3242

Longitude

-81.5517

CBSA code

37620

CBSA name

PARKERSBURG-MARIETTA-VIENNA, WV-OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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