331 Madison Ave, Madison, WV 25130-1510
This exceptional 3,516 square foot office building, situated on a 0.32-acre lot at 331 Madison Avenue, Madison, WV, presents a remarkable investment opportunity. Built in 2006 and boasting a brand-new metal roof installed in April 2024, this single-level property offers versatile space ideal for a variety of businesses. Currently configured into three or four distinct sections, it's perfectly suited for retail, office space, distribution, or manufacturing uses. Two sections are currently generating rental income, providing immediate return on investment. The potential exists to lease all sections, or retain some space for personal use while rental income covers expenses. The property includes all stainless steel kitchen equipment (excluding tables), a new oven (installed less than two weeks ago), ample shelving, and attractive display cases. Unique shelving and charming architectural details add character. Convenient storage areas are also available. The building is handicap accessible and benefits from abundant off-street parking. This prime location offers exceptional visibility and accessibility, making it an ideal choice for entrepreneurs seeking a ready-to-occupy space to launch or expand their business. Don't miss this chance to secure a thriving business location with significant upside potential.
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Gourmet Granny Bakery Specialty Food Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.