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    OFF-MARKET
    Industrial properties

    410 Race St, Ravenswood, WV 26164-1702

    1.33 ac lot
    Entity Owned 20-yr Hold Free & Clear
    Property ID
    US94-1262197
    Property summary
    AI-generated overview

    This fee-simple industrial property, located at 410 Race St in Ravenswood, West Virginia, presents a compelling investment opportunity. The 13,196-square-foot warehouse boasts a two-story building on a 1.5-acre lot, offering ample space for distribution, manufacturing, or storage. Built in 2000 and renovated in 2000, the building features a 20-foot ceiling height, three loading docks, and one dock-high door, ideal for accommodating large trucks and trailers. The property is conveniently situated just two blocks from downtown Ravenswood and minutes from Route 2 and I-77, providing excellent access to major transportation routes. The vacant space is turn-key ready, with a new flat roof recently installed. The property is zoned commercial and offers potential for expansion. The asking price is $399,000, translating to $30.24 per square foot. This represents a unique opportunity to acquire a well-located, functional warehouse in a growing area. The property's proximity to new developments on Route 2 further enhances its investment potential. The single-unit building is ready for immediate occupancy.

    Property profile
    Verified
    Property type Industrial properties
    Use group PRINTING, PUBLISHING (LIGHT INDUSTRIAL)
    Lot 1.33 ac (57,935 SF)
    APN 18-03- 12-0002.0000
    UPID US94-1262197
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Mineral Daily News Tribune INC · 20 yrs held
    Mineral Daily News Tribune INC
    since 2006
    1 recorded transaction
    2006
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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