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1216 4th Ave 10,820 SF 100% Leased Retail Building Huntington, WV 25701 $599,900 ($55.44/SF) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- Close proximity to Marshall University
- Private parking
- Fully leased
EXECUTIVE SUMMARY
Positioned in the heart of Huntington’s business and university district, this versatile mixed-use property offers strong income potential just four blocks from Marshall University’s campus. The well-maintained building features a long-standing Pita Pit restaurant on the ground floor that was established in 2007 and operates profitably.
Upstairs, three clean and efficiently laid-out residential apartments provide consistent rental income of $850 per unit, each occupied by dependable tenants drawn by proximity to downtown and campus amenities.
The property includes six private parking spaces with alley access at the rear, an uncommon advantage in this location. High visibility along 4th Avenue, stable tenancy, and a proven business presence make this a standout investment for an owner-user or portfolio buyer seeking dependable returns in one of Huntington’s most walkable commercial corridors.
Upstairs, three clean and efficiently laid-out residential apartments provide consistent rental income of $850 per unit, each occupied by dependable tenants drawn by proximity to downtown and campus amenities.
The property includes six private parking spaces with alley access at the rear, an uncommon advantage in this location. High visibility along 4th Avenue, stable tenancy, and a proven business presence make this a standout investment for an owner-user or portfolio buyer seeking dependable returns in one of Huntington’s most walkable commercial corridors.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,820 SF
Building Class
C
Year Built
1965
Price
$599,900
Price Per SF
$55.44
Cap Rate
10%
NOI
$60,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.00
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
C-3 - Central Business District
Parking
6 Spaces (0.55 Spaces per 1,000 SF Leased)
Frontage
22’ on 4th Ave
AMENITIES
- 24 Hour Access
- Restaurant
- Tenant Controlled HVAC
- Air Conditioning
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-18-01340000 | Total Assessment | $105,840 (2025) |
| Land Assessment | $20,160 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $85,680 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
05-18-01340000
Land Assessment
$20,160 (2025)
Improvements Assessment
$85,680 (2025)
Total Assessment
$105,840 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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