202 Main W St Ripley, WV 25271-1414
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.