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Duffield Lovejoy & Boggs Building 3139 16th Street Rd 6,200 SF Office Building Huntington, WV 25701 $1,350,000 ($217.74/SF) 11.72% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Prestigious custom-built office building right off I-64 and Hal Greer Boulevard.
  • For sale or lease
  • 6120 sq ft of timeless & modern space for any growing professional practice.

EXECUTIVE SUMMARY

For sale or for lease. Contact LA for more details. Elevate your business with a space that reflects excellence! Prestigious custom-built office building at a Prime location right off the I-64 and Hal Greer Blvd exit in the Cabell Gateway Office Complex giving strategic tax advantages. Turn key with6120sqft of timeless and modern space for any growing professional practice. Gorgeous front entrance with double doors and a grand lobby boasting elegant granite and stately interior. The stunning stairway and abundance of natural light streaming through expansive windows that speaks volumes before you say a word! Amazing layout with 5 offices on the main level, 3 half bathrooms, full kitchen with granite countertops and spacious conference room. Great storage with a file/supply room as well as server and maintenance room. Upper floor offers 5 private offices, conference room, half bath and a screened porch with access to backsteps. Designed for professionalism and prominence with a cost-saving infrastructure, solar-based utilities and a whole-building generator to avoid interruptions in work flow. No expense has been spared with top of the line technology and equipment. Ample parking with designated 15spaces and meticulously landscaped grounds make this perfect for your new business space!

FINANCIAL SUMMARY (PRO FORMA - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $158,000 $25.48
Other Income - -
Vacancy Loss - -
Effective Gross Income $158,000 $25.48
Taxes $11,120 $1.79
Operating Expenses $16,900 $2.73
Total Expenses $28,020 $4.52
Net Operating Income $129,980 $20.96

FINANCIAL SUMMARY (PRO FORMA - 2024)

Gross Rental Income
Annual $158,000
Annual Per SF $25.48
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $158,000
Annual Per SF $25.48
Taxes
Annual $11,120
Annual Per SF $1.79
Operating Expenses
Annual $16,900
Annual Per SF $2.73
Total Expenses
Annual $28,020
Annual Per SF $4.52
Net Operating Income
Annual $129,980
Annual Per SF $20.96

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
6,200 SF
Building Class
B
Year Built
2017
Price
$1,350,000
Price Per SF
$217.74
Cap Rate
11.72%
NOI
$158,220
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,100 SF
Building FAR
0.80
Lot Size
0.18 AC
Zoning
unzoned - Out If City Limits with zero B & O Tax and City Fees
Parking
30 Spaces (4.84 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Conferencing Facility
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-6-00700002
Land Assessment
$41,400
Improvements Assessment
$368,460
Total Assessment
$409,860
Annual Taxes
$11,120 ($1.79/SF)
Tax Year
2024
  • Listing ID: 35891348

  • Date on Market: 7/10/2024

  • Last Updated:

  • Address: 3139 16th Street Rd, Huntington, WV 25701

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