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FOR SALE OR LEASE 1489 Milford St 130,000 SF 46% Leased Office Building Clarksburg, WV 26301 $5,304,496 CAD ($40.80 CAD/SF)
INVESTMENT HIGHLIGHTS
- Includes 3 Limited Video Lottery Retail Locations,a Cafe overlooking VA Park, a Bakery/Kitchen, Catering/Banquet and Non-profit charitable Bingo.
- Directly abuts the West Fork River with nearby walking trails.
- 500 ft of US Route 19 and State Route 98 frontage , plus easy access to US Route 50 and Interstate 79 .
- Located nearby Veteran's Memorial Park, Louis A Johnson VA Medical Center, and many local retailers.
EXECUTIVE SUMMARY
FOR SALE OR LEASE. This is an excellent opportunity to purchase a property at 55% of current appraised value! Note: Price is subject to change pending final negotiation on current rentals and stage of current upgrades. If you purchase this property, there is lots of opportunity for income if you’re willing to lease back a portion of the building to most of the current tenants. While the building is for sale, we are currently willing to lease to new tenants.
This 130,000 SF mixed-use building features a Conference Center, one of the largest event centers in North Central West Virginia. Included in the building are 6 event rooms, a grand ballroom, a bingo hall. With ample parking and many nearby amenities and retailers, this center is a go to for locals and is a great investment opportunity. The building sits on 12 acres of land that directly abuts the West Fork River and is fronted by and US-19 and WV State Route 98. Neighboring facilities include car dealerships, a Sheetz convenience store across the street and a GO-Mart on the corner of the property, a grocery store, a hard-ware store and two banks. Located across the river from this property is Clarksburg Splash Zone, the beautiful Veteran’s Memorial Park, Clarksburg Amphitheatre, the Louis A Johnson VA Medical Center, and the WV Veterans Nursing Facility. The traffic in the area is scheduled to change in the fall of 2025 due to the consolidation of local High Schools and Middle Schools. This change will bring more traffic by the property daily. A new Dollar General Marketplace opened last summer. There are currently 3 limited video lottery locations on the property. In addition, Pearls Parkview Cafe, an ice cream, espresso, coffee and desserts business. Along with the newest business the Village Marketplace, which has brought lots of traffic from all areas since it’s opening in November of 2023.
This 130,000 SF mixed-use building features a Conference Center, one of the largest event centers in North Central West Virginia. Included in the building are 6 event rooms, a grand ballroom, a bingo hall. With ample parking and many nearby amenities and retailers, this center is a go to for locals and is a great investment opportunity. The building sits on 12 acres of land that directly abuts the West Fork River and is fronted by and US-19 and WV State Route 98. Neighboring facilities include car dealerships, a Sheetz convenience store across the street and a GO-Mart on the corner of the property, a grocery store, a hard-ware store and two banks. Located across the river from this property is Clarksburg Splash Zone, the beautiful Veteran’s Memorial Park, Clarksburg Amphitheatre, the Louis A Johnson VA Medical Center, and the WV Veterans Nursing Facility. The traffic in the area is scheduled to change in the fall of 2025 due to the consolidation of local High Schools and Middle Schools. This change will bring more traffic by the property daily. A new Dollar General Marketplace opened last summer. There are currently 3 limited video lottery locations on the property. In addition, Pearls Parkview Cafe, an ice cream, espresso, coffee and desserts business. Along with the newest business the Village Marketplace, which has brought lots of traffic from all areas since it’s opening in November of 2023.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
130,000 SF
Building Class
B
Year Built/Renovated
1955/2007
Price
$5,304,496 CAD
Price Per SF
$40.80 CAD
Percent Leased
46%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
65,000 SF
Building FAR
0.25
Lot Size
12.00 AC
Zoning
NONE - No Zoning (Outside City limits)
AMENITIES
- Conferencing Facility
- Property Manager on Site
- Restaurant
- Signage
- Kitchen
- Storage Space
- Central Heating
- Fully Carpeted
- High Ceilings
- Drop Ceiling
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Buck's Inc WV
- Services
- 12,000 SF
- $16.75 CAD
- Full Service
- -
- Pearl's Parkview Cafe
- Arts, Entertainment, and Recreation
- 3,200 SF
- $30.89 CAD
- Full Service
- -
- Uncle Charlie's
- Arts, Entertainment, and Recreation
- 3,600 SF
- $27.44 CAD
- Full Service
- -
- Village Hot Spot
- Arts, Entertainment, and Recreation
- 1,500 SF
- $65.89 CAD
- Full Service
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Buck's Inc WV | Services | 12,000 SF | $16.75 CAD | Full Service | - | |
| Pearl's Parkview Cafe | Arts, Entertainment, and Recreation | 3,200 SF | $30.89 CAD | Full Service | - | |
| Uncle Charlie's | Arts, Entertainment, and Recreation | 3,600 SF | $27.44 CAD | Full Service | - | |
| Village Hot Spot | Arts, Entertainment, and Recreation | 1,500 SF | $65.89 CAD | Full Service | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Also available for sale.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 1,800-70,000 SF | Office/Retail | Partial Build-Out | Now |
1st Floor
| Size |
| 1,800-70,000 SF |
| Space Use |
| Office/Retail |
| Condition |
| Partial Build-Out |
| Available |
| Now |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 1,800-70,000 SF |
| Space Use | Office/Retail |
| Condition | Partial Build-Out |
| Available | Now |
Also available for sale.
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DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
4,716
21,789
30,123
2024 Population
4,653
23,024
30,932
Population Growth '20-'24
-1.3%
5.7%
2.7%
2020 Households
1,998
9,369
12,836
2024 Households
1,959
9,899
13,182
Household Growth '20-'24
-2.0%
5.7%
2.7%
Average Age
41
42
42
Median Household Income
$49,247
$44,802
$46,104
Daytime Employees
2,172
10,797
15,485
Total Businesses
369
1,399
1,868
College Degree + Higher
23%
20%
18%
$ values in USD
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,088,308 CAD | |
| Land Assessment | $486,710 CAD | Total Assessment | $2,575,019 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$486,710 CAD
Improvements Assessment
$2,088,308 CAD
Total Assessment
$2,575,019 CAD
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Presented by
Wilt Mark W
FOR SALE OR LEASE | 1489 Milford St
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