2242 Williams Hwy Williamstown, WV 26187
- Warehouses
- 16.50 lot acres
Current Use by Public Records
- Carrie Derenberger / Home Health Care Service
- Crystal Kingry / Home Health Care Service
- Mary Gibbs / Home Health Care Service
- Robert Ault / Home Health Care Service
- Deborah Anderson / Home Health Care Service
Property Details for 2242 Williams Hwy
- Lot size
- 16.50 lot acres
- Property type
- Warehouses
- APN
- 54-12- 230-00S3.0000
- APU
- 541223000S30000
Description
This exceptional investment opportunity presents a fully leased, multi-tenant commercial property located at 2242 Williams Hwy, Williamstown, WV 26187. Boaz Business Park encompasses 31,543 square feet across two single-story buildings situated on a 2.19-acre lot (APN: 54-12-230-00S30000). Built in 1993, this Class C property boasts a diverse mix of eight tenants, achieving 100% occupancy and generating a strong net operating income (NOI) of $201,588, resulting in a compelling 6.95% cap rate. The property's diverse tenant base includes a mix of regional and local businesses, providing stability and consistent rental income. The property is categorized as Industrial, Mixed Use, Office, and Retail, with subtypes including Flex, Storefront, and Warehouse space, making it suitable for a variety of businesses. The lease type is NNN (Net, Net, Net), minimizing landlord responsibilities. This stabilized asset offers a rare chance to acquire a well-maintained, multi-tenant center with a proven track record of success, built and managed by the same owners for over 30 years. The asking price for this prime investment property is $2,899,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Williamstown
- County
- Wood
- State
- West Virginia
- Longitude
- -81.4879
- Latitude
- 39.3615
- CBSA code
- 37620
- CBSA name
- PARKERSBURG-MARIETTA-VIENNA, WV-OH METROPOLITAN STATISTICAL AREA
