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219 Jefferson St 2,048 SF 49% Leased Office Building Fairmont, WV 26554 $184,800 ($90.23/SF) 9.24% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Close to Gate Way Connector and I-79. Heavy traffic during business hours.
  • Oak floors, drywall ceilings and walls, beautiful decor, granite counters.
  • Upper level is a very nice apartment currently rented monthly at $800 plus utilities. Lower office could expand to upper level, adding 3 more offices

EXECUTIVE SUMMARY

Position your business for success at 119 Jefferson Street, located in the heart of Fairmont’s Historic Business District between the Marion County Courthouse and the iconic Million Dollar Bridge. This office building features striking mirrored-glass frontage and enjoys excellent exposure, and is only a few minutes from the Gateway Connector, I-79 and city amenities. The main level offers 1,040 square feet of tastefully finished office space with elegant hardwood floors and upscale décor throughout. A stylish reception area welcomes visitors with granite counters and a comfortable seating area, leading to two private offices and a convenient half bath. Street parking is available in front, and four dedicated parking spaces are on the left side. A full, unfinished basement provides storage. Above the office, a beautifully remodeled two-bedroom apartment offers additional income potential or could be repurposed into three additional offices with a full kitchen and bath. The apartment is currently leased at $800 per month plus utilities, making this property a smart choice for investors and owner-occupants alike. Elegant, versatile, and ideally located, this mixed-use property offers an excellent opportunity to showcase your business while benefiting from steady rental income.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
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 $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
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 or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,048 SF
Building Class
C
Year Built/Renovated
1890/2013
Price
$184,800
Price Per SF
$90.23
Cap Rate
9.24%
NOI
$17,082
Percent Leased
49%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,024 SF
Building FAR
0.23
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
Historic business - Historic Business District. The main level was a Law Office for years, and the upstairs is rented by a tenant for $800 month + utilities.
Parking
6 Spaces (2.93 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Security System
  • Wheelchair Accessible
  • Storage Space
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 1,040 SF
  • Office
  • Partial Build-Out
  • Now

2 office spaces, 1 waiting room and a reception area.

Space Size Space Use Condition Available
1st Floor 1,040 SF Office Partial Build-Out Now

1st Floor

Size
1,040 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Floor

Size 1,040 SF
Space Use Office
Condition Partial Build-Out
Available Now

2 office spaces, 1 waiting room and a reception area.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-1-02240001
Land Assessment
$12,900
Improvements Assessment
$36,300
Total Assessment
$49,200
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
  • Listing ID: 35822442

  • Date on Market: 5/10/2025

  • Last Updated:

  • Address: 219 Jefferson St, Fairmont, WV 26554

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