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Browse More Listings in Retail For Sale, Spencer, WV or West Virginia

Retail Property For Sale

FOR SALE BY OWNER-MIXED USE

502 Ripley Rd, Spencer, WV 25276

Price:
$495,000
Building Size:
12,320 SF
Price/SF:
$40.18
Property Type:
Retail
Property Sub-type:
Retail (Other)
Additional Sub-types:
Mid/High-Rise
Office-Warehouse
Street Retail
Property Use Type:
Investment
Cap Rate:
15%
Occupancy:
100%
Tenancy:
Multiple
Lot Size:
8,737 SF
Find Out More...

Last Verified 11/6/2009 Listing ID 16270906

Description

Great 1031 property. Great cash flow, motivated seller. Possible owner financing. Two Story Building on US 33 west. Ground floor fronts US 33 and contains Office space currently under one year rental contract for $300/mo and retail convience store under 3 year lease @3,000.00/mo. Both agreements effective 7/1/09. Second story fronts West Main St at back of building. Second story has 4 Two bedroom apartments, 3 are currently rented @350.00/mo+electric. Forth apt is currently being renovated. 5th apartment is owner occupied 3 bedroom, 1 1/2 bath 2100 sq ft. with rental potential.

Great 1031 property

US 33 West .7 miles west of US 33 & WV 14 intersection

Financial Summary

Major Tenant Information

Actual
Year
2008
Scheduled Gross Income
$52,500
Operating Expenses
$19,502

Tenant	SF Occupied	Lease Expired
NBS,Inc	3,764	6/1/2012

Map of 502 Ripley Rd, Spencer, WV 25276 (Roane County)

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Contact Listing Broker

Kenneth Vannoy (304) 532-0336

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Created 6/9/2009

Additional Information for 502 Ripley Road, Spencer, WV 25276

Active For Sale - 2 Listings
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - FOR SALE BY OWNER-MIXED USE

502 Ripley Rd, Spencer, WV, 25276