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30,000 SQFT | 1.2 Miles off of I-79 501 Locust Ave 30,000 SF Retail Building Fairmont, WV 26554 $1,400,000 ($46.67/SF)
Investment Highlights
- Large Parking Lot
- Ample Storage
- Excellent Access and Visibility
Executive Summary
Spacious 30,000 (+/-) Square foot Building
Includes 25,000 (+/-) SQFT of former LabCorp office space and 5,000 (+/-) SQFT of open warehouse area.
Flexible layout ideal for professional offices, institutional use, or creative redevelopment.
Updated and Well-Maintained
Built in 1972 and renovated in 2002 with solid construction and modernized systems.
Equipped with both a security system and sprinkler system for safety and reliability.
Two-Story Design with Ample Functionality
Allows for multi-department or mixed-use layouts.
Ideal for organizations needing administrative and operational separation.
Convenient Parking and Accessibility
Features a 50 (+/-) space on-site parking lot with easy access from Locust Avenue.
Plenty of room for staff, visitors, or congregation members.
Excellent Redevelopment Potential
Prime opportunity to convert into a church, private school, or community facility.
Location and layout support a variety of professional or institutional uses.
Includes 25,000 (+/-) SQFT of former LabCorp office space and 5,000 (+/-) SQFT of open warehouse area.
Flexible layout ideal for professional offices, institutional use, or creative redevelopment.
Updated and Well-Maintained
Built in 1972 and renovated in 2002 with solid construction and modernized systems.
Equipped with both a security system and sprinkler system for safety and reliability.
Two-Story Design with Ample Functionality
Allows for multi-department or mixed-use layouts.
Ideal for organizations needing administrative and operational separation.
Convenient Parking and Accessibility
Features a 50 (+/-) space on-site parking lot with easy access from Locust Avenue.
Plenty of room for staff, visitors, or congregation members.
Excellent Redevelopment Potential
Prime opportunity to convert into a church, private school, or community facility.
Location and layout support a variety of professional or institutional uses.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
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-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
30,000 SF
Building Class
C
Year Built/Renovated
1972/2002
Price
$1,400,000
Price Per SF
$46.67
Building Height
1 Story
Building FAR
0.70
Lot Size
0.99 AC
Zoning
Commercial
Parking
31 Spaces (1.03 Spaces per 1,000 SF Leased)
Frontage
191’ on Locust Ave
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $484,380 | |
| Land Assessment | $177,660 | Total Assessment | $662,040 |
Property Taxes
Parcel Numbers
Land Assessment
$177,660
Improvements Assessment
$484,380
Total Assessment
$662,040
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30,000 SQFT | 1.2 Miles off of I-79 | 501 Locust Ave
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