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1002 3rd Ave 25,893 SF 100% Leased Office Building Huntington, WV 25701 $4,475,822 CAD ($172.86 CAD/SF) 7.99% Cap Rate

Investment Highlights
- Fully renovated office building.
- Positioned at 3rd Ave and 10th Street.
- Updated windows and exterior in 2024.
- Located in downtown Huntington.
- Fully leased with in-place tenancy.
- Fob-access security system installed.
Executive Summary
Located at the prominent corner of 3rd Avenue and 10th Street in downtown Huntington, this fully renovated office investment property offers a rare opportunity to acquire a stabilized asset in one of the city's most active business districts. Positioned just steps from Pullman Square and surrounded by government offices, professional services, restaurants, retail destinations, and Marshall University-area amenities, the property benefits from strong visibility, walkability, and convenient access throughout the Huntington market.
Originally constructed in 1930, the building has undergone an extensive renovation program that modernized the asset while preserving its established downtown presence. Improvements include updated electrical and plumbing systems, a sprinkler system, elevator upgrades, replacement windows installed in 2024, and exterior painting completed in 2024. The property also features a security system with fob-controlled access, supporting efficient building operations and tenant access management.
The building is fully leased, providing immediate in-place income and operational stability. Its downtown location places tenants within walking distance of major dining, entertainment, and service destinations while benefiting from the continued investment and activity occurring throughout Huntington's urban core. The combination of recent capital improvements, full occupancy, and a highly visible corner location creates an opportunity for investors seeking a renovated office asset with established tenancy in a central business district setting.
Originally constructed in 1930, the building has undergone an extensive renovation program that modernized the asset while preserving its established downtown presence. Improvements include updated electrical and plumbing systems, a sprinkler system, elevator upgrades, replacement windows installed in 2024, and exterior painting completed in 2024. The property also features a security system with fob-controlled access, supporting efficient building operations and tenant access management.
The building is fully leased, providing immediate in-place income and operational stability. Its downtown location places tenants within walking distance of major dining, entertainment, and service destinations while benefiting from the continued investment and activity occurring throughout Huntington's urban core. The combination of recent capital improvements, full occupancy, and a highly visible corner location creates an opportunity for investors seeking a renovated office asset with established tenancy in a central business district setting.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
25,893 SF
Building Class
C
Year Built
1930
Price
$4,475,822 CAD
Price Per SF
$172.86 CAD
Cap Rate
7.99%
NOI
$357,398 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
8,631 SF
Building FAR
2.97
Lot Size
0.20 AC
Opportunity Zone
Yes
Parking
10 Spaces (0.39 Spaces per 1,000 SF Leased)
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Fairly walkable
50/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 05-17-01080000 | Improvements Assessment | $683,648 CAD |
| Land Assessment | $49,015 CAD | Total Assessment | $732,663 CAD |
Property Taxes
Parcel Number
05-17-01080000
Land Assessment
$49,015 CAD
Improvements Assessment
$683,648 CAD
Total Assessment
$732,663 CAD
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Presented by
Nelson Philip S
1002 3rd Ave
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