Property profile

229 W Main St Clarksburg, WV 26301

FOR SALE
Office buildings
Property ID
US94-1017398
0.34 ac lot
Entity Owned 19-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 13-story Class B office building, located at 229 W Main St in Clarksburg, West Virginia, offers 145,205 square feet of versatile space. Built in 1910, this multi-tenant property boasts a striking architectural design, featuring a classical tripartite scheme with a Doric base, unadorned middle floors, and a prominent terra-cotta cornice. The building includes two elevators, ample natural light from large windows, and several conference rooms. A recently renovated parking facility provides 10 spaces for tenants and visitors. Situated on a 0.36-acre lot in the Central Business zoning district, this property enjoys a prime location within walking distance of the Harrison County Courthouse, the new DMV, the Clarksburg City Building, and numerous restaurants and retail establishments. The building's open office space is ideal for owner-users or investors seeking to lease move-in-ready suites. Its location in a highly sought-after opportunity zone presents potential tax incentives for qualified investors. This presents a unique opportunity to acquire a well-maintained, centrally located office building with significant upside potential. The property's 20 stories are currently configured as a 13-story building.

Property profile

Verified
Property type Office buildings
Use group SKYSCRAPER/HIGH-RISE (COM OFFICES)
Lot 0.34 ac (14,810 SF)
APN 17-03- 24-0001.0000
UPID US94-1017398

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Law Firm
  • Physician
  • Social Service Agency
  • Foster Care Service Social Service Agency
  • Financial Advisor

Location

229 W Main St Clarksburg, WV 26301
Clarksburg metro Census 30100 CLARKSBURG, WV MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2006
1 recorded transaction
2006
$4.3M

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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