229 Main St Clarksburg, WV 26301
- Office buildings
- 0.34 lot acres
Current Use by Public Records
- Miley Legal Accident Injury Lawyers / Law Firm / Attorney
- Goddard Aimee N / Doctor
- ResCare Community Living - Clarksburg, WV / Disability Services And Support Organization
- StepStone Family & Youth Services - Clarksburg, West Virginia / Foster Care Service
- Gorrell - Molessa Financial Services - Northwestern Mutual / Financial Planner / Financial Consultant
Property Details for 229 Main St
- Lot size
- 0.34 lot acres
- Property type
- Office buildings
- APN
- 17-03- 24-0001.0000
- APU
- 17032400010000
Description
This exceptional 13-story Class B office building, located at 229 W Main St in Clarksburg, West Virginia, offers 145,205 square feet of versatile space. Built in 1910, this multi-tenant property boasts a striking architectural design, featuring a classical tripartite scheme with a Doric base, unadorned middle floors, and a prominent terra-cotta cornice. The building includes two elevators, ample natural light from large windows, and several conference rooms. A recently renovated parking facility provides 10 spaces for tenants and visitors. Situated on a 0.36-acre lot in the Central Business zoning district, this property enjoys a prime location within walking distance of the Harrison County Courthouse, the new DMV, the Clarksburg City Building, and numerous restaurants and retail establishments. The building's open office space is ideal for owner-users or investors seeking to lease move-in-ready suites. Its location in a highly sought-after opportunity zone presents potential tax incentives for qualified investors. This presents a unique opportunity to acquire a well-maintained, centrally located office building with significant upside potential. The property's 20 stories are currently configured as a 13-story building.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $580,000
- 6.5%
- $605,000
- 7%
- $535,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $530,000
- Geo Method
- $565,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $555,000
- Retail
- $635,000
- Mixed-Use
- $545,000
- Hospitality
- $510,000
- Educational
- $495,000
- Residential Income
- $635,000
- Energy
- $525,000
- Income-Based Land
- $485,000
- Food Service
- $585,000
Location Insight
- Map
- Local Demand
- City
- Clarksburg
- County
- Harrison
- State
- West Virginia
- Longitude
- -80.3389
- Latitude
- 39.2787
- CBSA code
- 17220
- CBSA name
- CLARKSBURG, WV MICROPOLITAN STATISTICAL AREA
