1614 Locust Ave, Fairmont, WV 26554-1319
This exceptional commercial property, located at 1614 Locust Avenue in Fairmont, West Virginia, presents a unique investment opportunity. The building encompasses a substantial 2,070 square feet of space, offering ample room for a variety of commercial ventures. Situated on a lot with no acreage specified, the property's size makes it ideal for businesses needing a manageable footprint. The asking price is $180,000, representing a competitive entry point into the Fairmont commercial real estate market. The property's classification as "Other" suggests versatility in its potential uses, allowing for creative adaptation to suit diverse business needs. Its location on Locust Avenue in Fairmont offers convenient access to local amenities and transportation routes, enhancing its appeal to prospective buyers. The absence of additional details regarding the building's features and condition necessitates a thorough on-site inspection to fully assess its potential and suitability for specific business plans. Interested parties are encouraged to conduct due diligence to determine the property's optimal use and align it with their business objectives. This property presents a compelling opportunity for entrepreneurs and investors seeking a foothold in the thriving Fairmont commercial landscape. The absence of land acreage provides a low-maintenance option for those seeking a manageable commercial space.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.