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    FOR SALE
    Commercial real estate

    229 Capitol St Charleston, WV 25301

    8,700 SF 0.07 ac lot Built 1900
    Property ID
    US94-0286627
    229 Capitol St, Charleston, WV 25301 For Sale 1 / 51
    Contact for pricing 8,700 SF
    229 Capitol St, Charleston, WV 25301
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    Property summary
    AI-generated overview

    This 8,700 square foot, three-story Class B office building at 229 Capitol Street in Charleston, West Virginia, is offered at $898,900. Currently 30% occupied, this multi-tenant property features a prime downtown location near the Brawley Walkway and Bookstore, ensuring high pedestrian traffic. Built in 1900, the building boasts modern updates including new wiring and a complete fire sprinkler system. A full basement is included. The existing 3,049 square feet of office space is complemented by the potential to develop the second and third floors into loft apartments or additional office space, offering significant upside. The 0.07-acre lot provides ample space. The property is listed as a Net Net Net (NNN) lease. This versatile building presents a unique opportunity for a live/work arrangement or a mixed-use development in a vibrant downtown setting. The property's APN is 11-0008-0058-0000-0000. The price per square foot is $103.32.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1900
    Total area 8,700 SF
    Lot 0.07 ac (3,049 SF)
    APN 11-0008-0058-0000-0000
    UPID US94-0286627
    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
    Current use
    Occupant on record · Public records
    • Rick Rutledge Construction Construction Company General Contractor
    • Advanced Electric & Data Comm Electrical Service General Contractor
    • Keefe Duterte: Allstate Insurance Insurance Agency
    • Reishman Associates Construction Company General Contractor
    4 occupants on record
    Value estimations
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    Owner & transaction history
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    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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