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Mixed Use Investment Building For Sale 215 Merchant St 5,097 SF 100% Leased Office Building Fairmont, WV 26554 $240,000 ($47.09/SF)
Investment Highlights
- Close to Major Traffic Routes
- Off-street paved parking lot
- Easy Access
- Highly visible
Executive Summary
Located at the prominent corner of Market and Merchant Streets, just off the Fairmont Gateway Connector and approximately 1.5 miles from I-79, Exit 136, 215 Merchant Street in Fairmont, WV presents a compelling investment opportunity now available for sale. This three-story, multi-tenant building totals 6,632 (+/-) square feet on 0.039 acre and features a strong anchor tenant, with the U.S. Postal Service occupying the first floor. A tenant currently occupies the third-floor apartment space, providing existing residential income. Once renovated, the second floor could be utilized as either professional office space or an additional apartment, offering flexible use and value-add potential. Located across from the growing Palatine Park area this asset is well positioned for long-term value creation.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
5,097 SF
Building Class
C
Year Built
1900
Price
$240,000
Price Per SF
$47.09
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,699 SF
Slab To Slab
10’
Building FAR
2.93
Lot Size
0.04 AC
Zoning
Commercial - Mixed Commercial/Residential
Parking
7 Spaces (0.93 Spaces per 1,000 SF Leased)
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Fairly walkable
40/100
Very drivable
80/100
Limited public transit
20/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 05-7-00430000 | Improvements Assessment | $81,720 |
| Land Assessment | $8,280 | Total Assessment | $90,000 |
Property Taxes
Parcel Number
05-7-00430000
Land Assessment
$8,280
Improvements Assessment
$81,720
Total Assessment
$90,000
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Mixed Use Investment Building For Sale | 215 Merchant St
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