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Former Walgreens 8699 Elk River Rd N 6,700 SF Retail Building Clendenin, WV 25045 $450,000 ($67.16/SF)



INVESTMENT HIGHLIGHTS
- Corner Location
- Open Configuration
- Onsite Signage
- Fully Climate Controlled
EXECUTIVE SUMMARY
This property is located at the northwest intersection of Elk River Road North and Spencer Road, within the corporate limits of Clendenin. It has excellent visibility, is mostly level and served with all public infrastructure. The property is located completely within a high risk flood hazard area and is not zoned. There is an asphalt paved parking area that can accommodate 19 vehicles onsite. The improvement is a one-story pre-engineered building that was constructed circa 1993 and designed for a retail application. The exterior includes a mixture of metal and block with flat roof system and there is a drive-thru on the north and west sides of the building. An overhead access is also located on the north side of the building. Interior finishes include drywall walls and vinyl tile over concrete floors. The building is fully climate controlled, equipped with three phase power and has 11' interior ceiling height. The building has a mostly open configuration with small office, pharmacy and storage areas. It is currently leased to Walgreens through December 31, 2025, but they have vacated the building. The property is also being offered for lease at $4.50 per square foot.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
6,700 SF
Building Class
C
Year Built/Renovated
1993/2010
Price
$450,000
Price Per SF
$67.16
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.48 AC
Zoning
N/A - The property is not zoned.
Parking
19 Spaces (2.84 Spaces per 1,000 SF Leased)
Frontage
97’ on 1st Ave
AMENITIES
- Corner Lot
- Pylon Sign
- Security System
- Signage
- Drive Thru
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 20-02- 2-0081.0000 | Improvements Assessment | $151,740 |
| Land Assessment | $21,960 | Total Assessment | $173,700 |
PROPERTY TAXES
Parcel Number
20-02- 2-0081.0000
Land Assessment
$21,960
Improvements Assessment
$151,740
Total Assessment
$173,700
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Former Walgreens | 8699 Elk River Rd N
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