2 Mountain View StPetersburg, WV 26847

Property Details for 2 Mountain View St

Lot size

3.25 AC

Property type

Office properties

Property subtype

Office buildings

APN

12-04- 5-0034.0000

APU

1204500340000

Description

This exceptional investment opportunity in Petersburg, West Virginia, presents two commercial buildings totaling 19,400 square feet on a 2-acre lot. The portfolio comprises two buildings situated at 2 and 7 Mountain View Street. The first building, a 13,000 square foot, single-story brick structure at 2 Mountain View Street, is currently leased to Dollar General through Summer 2028. Recent improvements include a 2018 parking lot resurfacing, a 2023 sewer line replacement, and a 2006 gravel roof replacement. The building also features a convenient overhead door accessing the parking lot. The second building, located at 7 Mountain View Street, is a two-story structure offering 6,400 square feet. Leased to Potomac Highlands Guild, a mental health clinic, until Spring 2036, this building boasts updated LVT flooring on the upper level, mini-split HVAC systems (2022-2023 installation), and a 2017 roof replacement with a transferable warranty (with notification and fee). The property offers 60 parking spaces and benefits from a high-traffic location along Virginia Avenue, averaging 6,244 vehicles daily (Esri and Data Axle, 2024 data). Both buildings are situated within the city limits of Petersburg, WV, zip code 26847. The property was built in 1966 and underwent renovations in 2006. This owner-user investment opportunity is priced at $1,060,000.

• CAP approach

  CAP return

  Valuation

  6%

  $33,695,112

  6.5%

  $31,103,180

  7%

  $28,881,524

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,305,506

  Geo Method

  $28,305,506

• Alternative Use

  Use

  Valuation

  Residential

  $38,567,944

  Hospitality

  $35,328,028

  Educational

  $29,392,504

  Medical

  $30,403,358

  Retail

  $45,721,672

Location Insight

City

Petersburg

County

Grant

State

West Virginia

Latitude

38.9911

Longitude

-79.1252

Property Tax & Assessments

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