Property profile

3653 Murdoch Ave Parkersburg, WV 26101

OFF-MARKET
Commercial land
Property ID
US94-0295679
0 ac lot
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This mixed-use property at 3653 Murdoch Avenue in Parkersburg, West Virginia, presents a compelling investment opportunity. The 2,184 square foot building, constructed in 1934, sits on a 0.34-acre lot and is currently configured as a salon with a lease in place, generating a net monthly income of $2,000. The property enjoys a high-traffic location adjacent to Grand Central Mall and other retail establishments, ensuring excellent visibility and accessibility. The asking price is $244,000, translating to $111.72 per square foot. Note that the existing billboard does not convey with the sale. All personal property and equipment belonging to the current salon tenant will be removed upon request of a new owner who does not intend to renew the lease. Interior photos depict the space before recent tenant improvements and upgrades. This property is ideal for investors seeking a stable income stream and strong potential for future growth in a vibrant commercial area. The property's zip code is 26101, and it is located in Wood County.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0 ac (87 SF)
APN 54-04- 19-0073.0000
UPID US94-0295679

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
  • Cafe & Coffee Shop

Location

3653 Murdoch Ave Parkersburg, WV 26101-1026
Parkersburg metro Census 10502 PARKERSBURG-MARIETTA-VIENNA, WV-OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2022
Last sale
$225,000
3 recorded transactions
2022
$225,000
2011
$162,600
2004
$175,000

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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