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1330 Mercer St 10,300 SF 100% Leased Office Building Princeton, WV 24740 $1,200,000 ($116.50/SF) 9% Cap Rate
Executive Summary
Positioned in the heart of Princeton, WV, this prime commercial property offers an exceptional investment opportunity with immediate income potential. Encompassing approximately 10,300 square feet, the building is fully occupied by three established tenants, providing stable cash flow from day one. The property features over 30 private offices, multiple conference rooms and break areas, and more than six restrooms, making it highly adaptable for a wide range of professional or business uses. With 38 dedicated parking spaces, accessibility and convenience are unmatched for both tenants and clients. Location is a standout featuresituated just steps (approximately 600 feet) from the Mercer County Courthouse, this property benefits from strong visibility and proximity to key government and business hubs. As Princeton continues to grow, the site presents excellent long-term upside and flexibility for future tenant configurations. Whether you're an investor seeking a low-maintenance, income-producing asset or a business owner looking to establish a presence in a thriving commercial corridor, this property delivers on location, scale, and opportunity.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$111,907
|
$9.65
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$111,907
|
$9.65
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $111,907 |
| Annual Per SF | $9.65 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $111,907 |
| Annual Per SF | $9.65 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
10,300 SF
Building Class
B
Year Built
1972
Price
$1,200,000
Price Per SF
$116.50
Cap Rate
9%
NOI
$108,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,150 SF
Building FAR
0.35
Lot Size
0.67 AC
Zoning
commercial
Parking
38 Spaces (3.69 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 10-14-01040000 | Improvements Assessment | $481,440 (2025) |
| Land Assessment | $12,060 (2025) | Total Assessment | $493,500 (2025) |
Property Taxes
Parcel Number
10-14-01040000
Land Assessment
$12,060 (2025)
Improvements Assessment
$481,440 (2025)
Total Assessment
$493,500 (2025)
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SOLUTIONS REAL ESTATE
1330 Mercer St
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