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Southpoint 1607 Bland St 18,460 SF 100% Leased Retail Building Bluefield, WV 24701 $450,000 ($24.38/SF) 11% Cap Rate



Executive Summary
Income-producing commercial opportunity in Bluefield offering immediate cash flow with significant upside potential. This 12,000± sq ft multi-tenant building features several leased units already in place plus multiple offices available for lease, creating a clear path to increased revenue. Recent capital improvements include newly paved parking, updated flooring, and fresh paint throughout, along with several remodeled units that are ready for occupancy. The property also includes a full basement for additional storage or future use and two additional paved lots, a rare value-add for tenant parking and expansion. Positioned along a well-traveled corridor, this asset offers strong visibility and accessibility. Ideal for investors seeking a value-add opportunity with the ability to raise rents, lease vacant space, and increase overall returns.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
18,460 SF
Building Class
C
Year Built
1953
Price
$450,000
Price Per SF
$24.38
Cap Rate
11%
NOI
$49,500
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.64
Lot Size
0.26 AC
Parking
32 Spaces (2.68 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signalized Intersection
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 03-26-03400000 | Improvements Assessment | $190,740 |
| Land Assessment | $16,560 | Total Assessment | $207,300 |
Property Taxes
Parcel Number
03-26-03400000
Land Assessment
$16,560
Improvements Assessment
$190,740
Total Assessment
$207,300
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Presented by
Dream Home Realty LLC
Southpoint | 1607 Bland St
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