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Coal Exchange Building 3 Properties Online Auction Sale Huntington, WV
Investment Highlights
- Coal Exchange Building at 401 11th Street presents a multifaceted repurposing opportunity of a renowned, historic office building.
- Approval has been granted for the end use of a 140-unit Extended Stay Residence Inn by Marriott, as well as a plethora of other options.
- Blocks from the Marshall University campus, where 77% of students live off campus, creating immediate demand for student housing redevelopment.
- Ideally located in Huntington’s Opportunity Zone, supporting the redevelopment of the historically registered building via feasible tax incentives.
- Flexible zoning, local government support, and two leased buildings are additional benefits of this offering.
Executive Summary
Tours are available by appointment only. Please contact Curt Starr with NAI Burns Scalo to schedule.
The Coal Exchange Building is an adaptive reuse opportunity featuring a vacant office tower located in the heart of Huntington’s Central Business District (CBD), within a federally designated Opportunity Zone. Also included in this offering are the adjacent office building at 419 11th Street (±4,700 square feet) and the retail building at 411-417 11th Street (±2,400 square feet).
Constructed in 1925, this historic 14-story Art Deco building retains many original architectural features, including its exterior façade, decorative door hardware, interior moldings, and original mail drop. The building boasts expansive windows throughout, providing abundant natural light and panoramic city views. The property was originally home to The Coal Exchange Bank and the Chesapeake & Ohio Railway, underscoring its historic and civic significance.
Historic tax credits have been approved for the building, and there is strong potential for additional financing incentives, including New Markets Tax Credits, brownfield incentives, and other state-funded programs, depending on the proposed end use.
The property is located in busy Downtown Huntington, blocks from Marshall University, across the street from the Robert C. Byrd Institute of Advanced Flexible Manufacturing (RCBI), and near Pullman Square, offering excellent proximity to retail, dining, entertainment, and institutional anchors. Marshall University is a public research institution and is home to West Virginia's only Cyber Security Institute and Aviation Program. The university enrolls an average of 13,200 students annually and sees large major enrollments in health, business management, and biological studies, providing a highly skilled workforce in the area. The university only requires a certain number of undergraduate students to occupy on-campus housing, with the majority of the growing student body generating demand for rental units in the immediate area.
Beyond the approved Extended Stay Residence Inn by Marriott plans, the Coal Exchange Building would also be ideal for student/affordable/ senior housing or mixed-use development. One block from the St. James Building, a very successful rehab building, with commercial space on the first floor and 50 upscale condominiums on the upper floors.
The Coal Exchange Building is an adaptive reuse opportunity featuring a vacant office tower located in the heart of Huntington’s Central Business District (CBD), within a federally designated Opportunity Zone. Also included in this offering are the adjacent office building at 419 11th Street (±4,700 square feet) and the retail building at 411-417 11th Street (±2,400 square feet).
Constructed in 1925, this historic 14-story Art Deco building retains many original architectural features, including its exterior façade, decorative door hardware, interior moldings, and original mail drop. The building boasts expansive windows throughout, providing abundant natural light and panoramic city views. The property was originally home to The Coal Exchange Bank and the Chesapeake & Ohio Railway, underscoring its historic and civic significance.
Historic tax credits have been approved for the building, and there is strong potential for additional financing incentives, including New Markets Tax Credits, brownfield incentives, and other state-funded programs, depending on the proposed end use.
The property is located in busy Downtown Huntington, blocks from Marshall University, across the street from the Robert C. Byrd Institute of Advanced Flexible Manufacturing (RCBI), and near Pullman Square, offering excellent proximity to retail, dining, entertainment, and institutional anchors. Marshall University is a public research institution and is home to West Virginia's only Cyber Security Institute and Aviation Program. The university enrolls an average of 13,200 students annually and sees large major enrollments in health, business management, and biological studies, providing a highly skilled workforce in the area. The university only requires a certain number of undergraduate students to occupy on-campus housing, with the majority of the growing student body generating demand for rental units in the immediate area.
Beyond the approved Extended Stay Residence Inn by Marriott plans, the Coal Exchange Building would also be ideal for student/affordable/ senior housing or mixed-use development. One block from the St. James Building, a very successful rehab building, with commercial space on the first floor and 50 upscale condominiums on the upper floors.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Plans
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Property Facts
| Sale Condition | Auction Sale | Sale Type | Investment |
| Type of Ownership | Fee Simple | Status | Active |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
Properties
| Property Name / Address | Property Type | Size | Year Built |
|---|---|---|---|
|
Coal Exchange Building
Huntington, WV 25701 |
Office | 120,000 SF | 1925 |
| Huntington, WV 25701 | Office | 4,173 SF | 1925 |
| Huntington, WV 25701 | Retail | 2,150 SF | 1925 |
About Downtown Huntington
Downtown Huntington serves as the region’s historic commercial core, offering a walkable environment along the Ohio River. Concentrated within the city’s central core, the area provides strong connectivity via US 60, I-64, and the nearby Robert C. Byrd Bridge, giving businesses convenient access to West Virginia and neighboring Ohio and Kentucky markets. The district is anchored by government offices, financial institutions, healthcare providers, and a diverse mix of professional services that draw a consistent daytime population into the downtown area.
The district benefits from its proximity to Marshall University, which adds a strong educational and cultural presence that supports the local workforce and business community. The area features a blend of historic and modern office properties, with ongoing reinvestment enhancing the streetscape, public spaces, and overall business environment.
Employees enjoy immediate access to local dining, retail, arts venues, and riverfront recreation, creating an appealing live-work-play setting. With its strategic location, established commercial base, and growing urban energy, Downtown Huntington offers a compelling opportunity for office owners and occupiers seeking a central and connected presence in the Tri-State area.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Victoria Quade
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr WVB210300753 Ten-X, LLC Auction Firm Arlene Richardson Auctioneer 2446
-
Curt Starr -
NAI Burns Scalo
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
Coal Exchange Building
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Coal Exchange Building
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