2107 Pike St
Parkersburg, WV 26101
Southgate Regional Shopping Center · Retail Property For Sale

Marcus & Millichap is pleased to bring to market the exclusive offering for Southgate Shopping Center. The neighborhood center consists of three buildings in total, a strip center and two single-tenant freestanding buildings anchored by Rite Aid, Dollar General, Cornerstone Bank and Save-A-Lot. The strip center is approximately 87,750 square feet, Cornerstone Bank is 6,000 square feet and Save-A-Lot is 15,000 square feet. In total, the center consists of 108,650 square feet located in Parkersburg, West Virginia. Parkersburg is the county seat of Wood County and centrally located within a four (4)-hour drive to Charleston, Columbus, Pittsburgh, Cincinnati and Lexington. Southgate Shopping Center is located at the busy three-way intersection of Pike Street, Broadway Avenue and Blizzard Drive on approximately a 6.91± acres with great signage, visibility and multiple points of ingress and egress. Southgate Shopping Center is currently 54 percent occupied with two additional freestanding buildings 100 percent leased to Cornerstone Bank and Save-A-Lot. The majority of the tenants are under triple-net leases with the exception being Boost Mobile. There are five vacant units totaling 49,900-square feet of realizable upside. Fully leasing the vacant units could potentially add approximately $215,000 to the current net operating income. The center consists of a stable tenant mix with goods and services to meet the needs of the general surrounding community. Tenant base consists of a complimentary mix of local, regional and national tenants consisting of a nail salon, bank, restaurant, pharmacy, laundry services, discount retailer and general merchandisers. Southgate Shopping Center benefits from being positioned at the corner of a three-way signalized intersection. Pike Street, also known as State Route 14, serves as the primary commuter corridor in South Parkersburg which sees more than 18,000 vehicles per day. Southgate Shopping Center is within proximity to several nationally known retail-traffic drivers such as: Walmart, Lowe’s, Kohl’s, Tractor Supply Company, GameStop, Shoe Dept, Great Clips, Verizon, Ollie’s Bargain Outlet, Dollar Tree, Ashley HomeStore, Planet Fitness and CVS.