Property profile

1489 Locust Ave Fairmont, WV 26554

OFF-MARKET
Office buildings
Property ID
US94-0428761
0.55 ac lot
Individually Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property located at 1489 Locust Avenue in Fairmont, West Virginia, presents a compelling investment opportunity. The building boasts a substantial 7,530 square feet of office space, offering ample room for a variety of business needs. Situated on a sizable 0.54-acre lot, the property provides ample parking and potential for future expansion or outdoor amenities. The asking price of $290,000 represents significant value in the Fairmont commercial real estate market. The building's size and location make it ideal for a range of businesses, from established companies seeking to relocate or expand to startups looking for a prominent presence in the community. The property's substantial square footage allows for flexible configurations to accommodate diverse operational requirements. Its location in Fairmont offers easy access to major transportation routes and a thriving local economy. This is a rare opportunity to acquire a well-positioned commercial property at an attractive price point. Serious inquiries are encouraged to explore the potential of this valuable asset. Further details regarding the building's layout, zoning, and potential uses are available upon request. Don't miss this chance to secure a prime commercial property in a growing West Virginia market.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Lot 0.55 ac (24,002 SF)
APN 24-03- 11-0008.0001
UPID US94-0428761

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1489 Locust Ave Fairmont, WV 26554-1393
Fairmont metro Census 20400 FAIRMONT, WV MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2016
2 recorded transactions
2016
$147,000
2007
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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