Technical
Financial
Distress signals
Property profile

800 Main St Follansbee, WV 26037

FOR SALE
Banks
Property ID
US94-0059306
0.06 ac lot
Entity Owned Free & Clear
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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

Current use

Occupant on record · Public records
  • Clothing Store Custom T-Shirt Store

Location

800 Main St Follansbee, WV 26037
Follansbee metro Census 31200 WEIRTON-STEUBENVILLE, WV-OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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