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    OFF-MARKET
    Office buildings

    723 Kanawha E Blvd, Charleston, WV 25301-2707

    0.12 ac lot
    Entity Owned 25-yr Hold Absentee Owner Free & Clear
    Property ID
    US94-0231215
    Property summary
    AI-generated overview

    This iconic 13-story, 50,000 square foot office building, located at 723 Kanawha Blvd E in Charleston, West Virginia, presents a unique investment opportunity. Built in 1911, this Neo-Classical Revival architectural masterpiece was once the tallest building in Charleston. Its granite and brick exterior, structurally sound with 32 concrete piers resting on bedrock, ensures lasting durability. The building boasts a unique ornate recessed entry and offers incredible views of the Kanawha River, downtown Charleston, and the West Virginia State Capitol. The interior features approximately 3,720 square feet per floor (excluding the unique first and second floors and the 2,500+ square foot penthouse). Two elevators service the thirteen floors, all similar in layout except for the first, second, and penthouse levels. A full basement is also included. This prime location is adjacent to Haddad Riverfront Park and is the last remaining riverside building in the downtown area. The property's versatility allows for a wide range of potential uses, including but not limited to residential, commercial, entertainment, restaurant, and social spaces. The asking price is $1,350,000, translating to $27 per square foot. This is a rare chance to acquire a piece of Charleston's history and a landmark property with significant redevelopment potential. The building features 13 units.

    Property profile
    Verified
    Property type Office buildings
    Use group SKYSCRAPER/HIGH-RISE (COM OFFICES)
    Lot 0.12 ac (5,227 SF)
    APN 20-11- 7-0059.0000
    UPID US94-0231215
    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
    Current use
    Occupant on record · Public records
    • Sanko Electronics America Inc Electronics & Wireless Store
    • Edward Rebrook Law Firm Law Firm
    • Park Shopping Center Shopping Center & Mall
    • Nature Conservancy Charitable Organization Social Service Agency
    • Dieticians Board State Government Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    UNION BUILDING LLC
    UNION BUILDING LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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