229 Main StClarksburg, WV 26301

Property Details for 229 Main St

Lot size

0.34 AC

Property type

Office properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,675,040

  6.5%

  $2,469,268

  7%

  $2,292,892

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,385,327

  Geo Method

  $1,385,327

• Alternative Use

  Use

  Valuation

  Residential

  $3,061,892

  Hospitality

  $2,804,677

  Educational

  $2,333,458

  Medical

  $2,413,710

  Retail

  $3,629,824

Location Insight

City

Clarksburg

County

Harrison

State

West Virginia

Latitude

39.2787

Longitude

-80.3389

CBSA code

17220

CBSA name

CLARKSBURG, WV MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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