2008 7th Ave Huntington, WV 25703
- Schools
- 0.28 lot acres
Current Use by Public Records
- Schools
Property Details for 2008 7th Ave
- Lot size
- 0.28 lot acres
- Property type
- Schools
- APN
- 06-05- 19-0594.0000
- APU
- 6051905940000
Description
This exceptional 16,000 square foot mixed-use property, located at 2008 7th Avenue Unit 2008 in Huntington, West Virginia, presents a compelling investment opportunity. Situated on a sizable 1.4-acre lot, this property boasts significant development potential. The existing zoning, designated as R5 and NCD, allows for a variety of uses, including the addition of multi-unit residential development. Furthermore, the property is compliant with Huntington's zoning ordinances (specifically 1327.02), permitting light commercial ventures. This flexibility makes it an ideal canvas for creative entrepreneurs and savvy investors seeking to capitalize on a prime location within a thriving community. The substantial lot size offers ample space for expansion or redevelopment, allowing for significant future growth and increased return on investment. This property's versatility and strategic location make it a rare find in the Huntington market. The asking price of $949,000 reflects the property's considerable potential and presents a strong value proposition for discerning buyers. Serious inquiries are encouraged to explore the possibilities this unique property offers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $330,000
- 6.5%
- $345,000
- 7%
- $300,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $270,000
- Geo Method
- $290,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $295,000
- Retail
- $255,000
- Mixed-Use
- $270,000
- Hospitality
- $315,000
- Educational
- $325,000
- Residential Income
- $315,000
- Energy
- $275,000
- Income-Based Land
- $320,000
- Food Service
- $240,000
Location Insight
- Map
- Local Demand
- City
- Huntington
- County
- Cabell
- State
- West Virginia
- Longitude
- -82.4214
- Latitude
- 38.4207
- CBSA code
- 26580
- CBSA name
- HUNTINGTON-ASHLAND, WV-KY-OH METROPOLITAN STATISTICAL AREA