Property profile

215 State Rte 34 Hurricane, WV 25526

OFF-MARKET
Retail space
Property ID
US94-0359260
1.04 ac lot
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a recently extended, absolute net lease retail property located at 215 State Route 34 in Hurricane, West Virginia. The property boasts a highly visible hard corner lot at the intersection of Highway 34 and Mount Vernon Road, benefiting from significant traffic exposure with over 27,500 vehicles passing daily. The tenant, Walgreens, is an investment-grade tenant with a BBB S&P credit rating, providing strong financial stability and security. This is an essential business that demonstrated its commitment to remaining operational even during the COVID-19 pandemic. The property features a four-year remaining lease term, offering long-term income potential. The building itself was previously a Rite Aid and underwent a conversion to a Walgreens location, a process that typically involves a $300,000 investment by Walgreens. The asking price for this turnkey retail investment is $2,255,344. Situated in Putnam County, WV, zip code 25526, the property benefits from its proximity to Teays Valley Hospital, a 70-bed facility with over 100 doctors, further enhancing its desirability and potential for future growth. This is a rare opportunity to acquire a stable, high-traffic retail property anchored by a creditworthy tenant in a growing West Virginia market. The property is zoned for commercial use and includes land.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 1.04 ac (45,302 SF)
APN 40-10-223G-0087.0011
UPID US94-0359260

Cap rate & NOI

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

Location

215 State Rte 34 Hurricane, WV 25526-7003
Hurricane metro Census 20607 HUNTINGTON-ASHLAND, WV-KY-OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.90M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.90M

Owner & transaction history

since 2025
Last sale
$2.1M
3 recorded transactions
2025
$2.1M
2021
Price N/A
2020
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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