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Property profile & analytics
OFF-MARKET
Office buildings

202 Main W St Ripley, WV 25271-1414

0.06 ac lot
Entity Owned 21-yr Hold Absentee Owner Free & Clear
Property ID
US94-1207672
Property summary
AI-generated overview

This meticulously restored commercial building at 202 Main Street, Ripley, WV, presents a unique investment opportunity. Boasting approximately 5,100 square feet of office space across multiple levels, this property offers substantial rental income. Previously a bank, the building retains original character, including a still-functional safe, seamlessly blended with upscale modern finishes throughout. The renovation encompassed the entire structure, from foundation to roof, resulting in a turnkey operation. Currently, all available space is leased to long-term tenants, providing immediate cash flow. Building amenities include a functional elevator, a comprehensive fire suppression and sprinkler system, and a forced-air gas furnace with central air conditioning. The property sits on a 0.06-acre lot, providing ample space for parking and potential future expansion. The building's prime location on Main Street in Ripley offers excellent visibility and accessibility. While the listed square footage is approximately 5,100 square feet, potential buyers are advised to independently verify all measurements and square footage. This is an exceptional opportunity to acquire a high-quality, income-producing commercial property in a desirable location. The asking price is $375,000.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Lot 0.06 ac (2,788 SF)
APN 18-05- 13-0123.0000
UPID US94-1207672
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Ripley-jackson Realty LLC · 21 yrs held
Ripley-jackson Realty LLC
since 2005
1 recorded transaction
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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