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709A Division St
Parkersburg, WV 26101
Retail Property For Sale
Investment Highlights
- Centrally located in high traffic area
- Low vacancy rate
- Strong leasing history, with vacant apartments often being rented in less than 24 hours
- Well maintained with very little deferred maintenance
Executive Summary
This mixed-use, income producing asset is located in the heart of South Parkersburg's Division Street commercial/retail area. This single owner property has been very well managed since its creation, and it has a strong leasing history. It also benefits from many recent upgrades, such as new rooves on both buildings and mechanical upgrades to many of the units. With retail/office spaces on the first floor of both buildings, and one and two bedroom apartments on the second story of both buildings, this property would be perfect for the local landlord/investor looking for a stable, well maintained and managed mixed-use asset in the middle of Parkersburg. Give me a call today to discuss the financial information in greater detail and to schedule a showing. This listing includes 709 Division Street AND 713 Division Street. It does not include 701 or 705 Division Street, but these two buildings may be purchased separately.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,000 SF
Building Class
C
Year Built
1973
Price
$1,199,999
Price Per SF
$100.00
Cap Rate
8.50%
NOI
$102,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.37
Lot Size
0.74 AC
Parking
20 Spaces (1.67 Spaces per 1,000 SF Leased)
Frontage
53’ on Division St
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 05-9-00190000 | Improvements Assessment | $303,540 |
| Land Assessment | $171,180 | Total Assessment | $474,720 |
Property Taxes
Parcel Number
05-9-00190000
Land Assessment
$171,180
Improvements Assessment
$303,540
Total Assessment
$474,720
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