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8018 Northwestern Tpke 11,040 SF 75% Leased Retail Building Keyser, WV 26726 $650,000 ($58.88/SF) 10% Cap Rate
Executive Summary
Huge building - Huge potential. Let your imagination run wild with more than 11,000 sq/ft of usable space offering endless possibilities for investment, business, or redevelopment. Originally constructed circa 1900 as a large barn, this unique structure has evolved into a diverse income-producing property with tremendous upside potential. The property currently includes a spacious 1,400 sq/ft apartment featuring 2 bedrooms, 2 baths, basement garage, laundry area, and additional storage space. The lower level of the barn is home to an active flea market with rented booth space, plus additional unused square footage ready for expansion or repurposing. Upstairs, you’ll find an office, kitchen, bathrooms, walk-up attic, and a large finished area currently sitting vacant and ready for new ideas. The current owner also utilizes the exterior lot space for a shed business and is open to leasing the grounds for future use. Positioned at a busy intersection with high traffic counts and exceptional visibility, this property offers rare flexibility with multiple avenues for cash flow generation all in one location. Strong rental history with a potential cap rate around 10%, plus a commercial appraisal completed just 2 years ago showing a value above the current asking price. A rare opportunity for the creative investor seeking scale, visibility, and income diversity
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
11,040 SF
Building Class
C
Year Built
1901
Price
$650,000
Price Per SF
$58.88
Cap Rate
10%
NOI
$65,000
Percent Leased
75%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.12
Lot Size
2.09 AC
Frontage
270’ on Northwestern Pike
Amenities
- Corner Lot
- Storage Space
Not walkable
10/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | 06-24-00040020 | Improvements Assessment | $95,760 |
| Land Assessment | $18,840 | Total Assessment | $114,600 |
Property Taxes
Parcel Number
06-24-00040020
Land Assessment
$18,840
Improvements Assessment
$95,760
Total Assessment
$114,600
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8018 Northwestern Tpke
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