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    FOR SALE
    Grocery and convenience stores

    Sunrise Ln, Cross Lanes, WV 25313

    1.86 ac lot
    Entity Owned 13-yr Hold ~ Est. High Equity
    Property ID
    US94-1327907
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 29,500 square foot, single-story retail and office building situated on a 1.86-acre lot in Cross Lanes, West Virginia. The property, located at 5453 Big Tyler Rd, boasts a strong 5.63% cap rate and a current NOI of $81,600. The building, constructed in 1974, features a total of three units, with a current occupancy rate of 30%. One unit (6,500 sq ft) is currently leased to a daycare center, extending until October 1, 2029. Two additional vacant units present significant upside potential. A 15,500 square foot space, previously a fitness center, includes an in-ground pool and locker rooms. A 7,500 square foot space, formerly used as a church, offers versatile options for office or retail use. The property includes 54 parking spaces and is classified as a Class B building with a modified lease type. The net rentable area is 23,000 square feet, with an asking price of $1,450,000 ($49.15 per square foot). This owner/user investment presents a compelling opportunity to capitalize on a prime location and substantial potential for increased revenue. The property's APN is Union 22E-74. The building is situated in Kanawha County, West Virginia, zip code 25313.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Lot 1.86 ac (81,022 SF)
    APN 20-25- 22E-0074.0000
    UPID US94-1327907
    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
    • Cross Lanes Child Care Daycare Center
    • Dollar General Grocery & Convenience Store
    • Western Union Bank Credit Union
    • P J's Preschool & Childcare Daycare Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Beacon Dev LLC · 13 yrs held
    Beacon Dev LLC
    since 2012
    1 recorded transaction
    2012
    $1.8M
    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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