307 Merchant St Fairmont, WV 26554
- Retail space
- 0.07 lot acres
Current Use by Public Records
- Retail space
Property Details for 307 Merchant St
- Lot size
- 0.07 lot acres
- Property type
- Retail space
- APN
- 24-05- 7-0040.0000
- APU
- 2405700400000
Description
This exceptional retail investment opportunity presents a portfolio of two buildings totaling 12,800 square feet situated on a 0.815-acre lot in Fairmont, West Virginia. The property, located at 307 Merchant Street, enjoys a highly visible corner location at the intersection of Merchant and Market Streets, boasting 265 feet of road frontage along Market Street and approximately 132 feet along Merchant Street. The portfolio includes a main building offering approximately 10,000 square feet of leasable space and a second, 2,800 square foot building currently occupied by BFS Liquor. Built in 1938 and renovated since, the single-story buildings are zoned CC - City Center, providing flexibility for various retail uses. The property features ample off-street parking with 50 spaces, overhead doors, and substantial storage. Its strategic location offers excellent access and visibility, situated just 1.4 miles from I-79, Exit 136, and a convenient 1.1 miles from downtown Fairmont. The high-traffic area benefits from a daily traffic count of approximately 13,822 vehicles on State Street, ensuring significant exposure for your business. This portfolio presents a rare opportunity to acquire a well-positioned, established retail property in a thriving West Virginia market. The asking price for this turnkey investment is $875,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $270,000
- 6.5%
- $265,000
- 7%
- $275,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $250,000
- Geo Method
- $245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $315,000
- Retail
- $310,000
- Mixed-Use
- $330,000
- Hospitality
- $310,000
- Educational
- $255,000
- Residential Income
- $305,000
- Energy
- $340,000
- Income-Based Land
- $325,000
- Food Service
- $260,000
Location Insight
- Map
- Local Demand
- City
- Fairmont
- County
- Marion
- State
- West Virginia
- Longitude
- -80.1379
- Latitude
- 39.4813
- CBSA code
- 21900
- CBSA name
- FAIRMONT, WV MICROPOLITAN STATISTICAL AREA