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Property profile & analytics
FOR SALE
Banks

800 Main St Follansbee, WV 26037

0.06 ac lot
Entity Owned Free & Clear
Property ID
US94-0059306
Property summary
AI-generated overview

This unique 60,000 dollar mixed-use property, located at 800 Main Street in the heart of Follansbee, West Virginia, presents a compelling investment opportunity. Situated on a 0.05-acre lot, the building boasts a rich history as a former bank, subsequently renovated for retail and office use. The adaptable floor plan offers significant potential for various uses. The existing retail space could be revitalized, or alternatively, converted into residential apartments, catering to the growing demand for housing in the area. The building's prime location in Follansbee offers excellent visibility and accessibility, making it an ideal choice for a variety of businesses or residential tenants. This historic structure is ready for a new chapter, offering a chance to capitalize on its unique character and central location. The property requires some renovations and improvements, presenting a chance for value-add investment. Investors seeking a project with substantial upside potential will find this property particularly attractive. Its central location and historical significance make it a standout opportunity in the Follansbee market. The building's flexible layout allows for creative adaptation to meet the needs of a diverse range of potential uses, maximizing return on investment. Serious inquiries are encouraged to explore the full potential of this remarkable property. The asking price of $60,000 represents a significant value for a property of this size and location in West Virginia.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Lot 0.06 ac (2,483 SF)
APN 05-05-F14L-0071.0000
UPID US94-0059306
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
  • STUFF WITH ATTITUDE Clothing Store Custom T-Shirt Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
MAJESTIC REAL EST COMPANY INC
MAJESTIC REAL EST COMPANY INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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