824 20Th St Huntington, WV 25703
- Retail space
- 0.09 lot acres
Current Use by Public Records
- Retail space
Property Details for 824 20Th St
- Lot size
- 0.09 lot acres
- Property type
- Retail space
- APN
- 06-05- 31-0231.0000
- APU
- 6053102310000
Description
This exceptional Huntington, WV commercial property at 824 20th Street, Unit 824, presents a unique investment opportunity. The 7,420 square foot building sits on a 0.09-acre lot and offers a spacious main floor ideal for a variety of uses. Envision a thriving retail space, modern office environment, or even light industrial operation. The layout is flexible and adaptable to suit diverse business needs. Convenient alley access and a large rear garage door simplify loading and unloading, enhancing operational efficiency. The property benefits from a high-traffic street location, ensuring excellent visibility and accessibility. Adding to its appeal, the second floor comprises three income-generating apartments, with a fourth apartment nearing completion. This provides a substantial and potentially growing rental income stream. This property is priced at $160,000 and presents a compelling investment opportunity. Furthermore, the possibility exists to acquire this property in conjunction with three additional rental properties situated on the same block, creating a significant portfolio expansion opportunity. This prime commercial real estate offers a blend of immediate income and long-term growth potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $300,000
- 6.5%
- $310,000
- 7%
- $305,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $285,000
- Geo Method
- $255,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $285,000
- Retail
- $295,000
- Mixed-Use
- $245,000
- Hospitality
- $255,000
- Educational
- $290,000
- Residential Income
- $260,000
- Energy
- $230,000
- Income-Based Land
- $275,000
- Food Service
- $270,000
Location Insight
- Map
- Local Demand
- City
- Huntington
- County
- Cabell
- State
- West Virginia
- Longitude
- -82.4208
- Latitude
- 38.418
- CBSA code
- 26580
- CBSA name
- HUNTINGTON-ASHLAND, WV-KY-OH METROPOLITAN STATISTICAL AREA