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515 Market St
Parkersburg, WV 26101
5th at Market · Office Property For Sale


Executive Summary
Prime downtown Parkersburg location at the corner of 5th and Market Street. This impressive three-story brick
commercial building offers approximately 17,556 square feet of space and is currently utilized for office purposes, while
providing the flexibility for a variety of commercial and professional uses. The property would be an excellent fit for
corporate, medical, legal, or other professional services, as well as a potential multi-purpose facility. The building features
an elevator servicing all three floors, a front enclosed stairwell/fire escape serving all levels, and a rear stairwell exit also
serving the entire building. A full-size basement provides additional storage or functional space. The property has newer
HVAC systems, a newer rubber membrane and metal roof covering the entire building, and a new sprinkler system serving
the basement and entire first-floor level. The sprinkler system has also been extended to the second and third floors,
where it is stubbed off and ready for completion. Approximately 4,500 square feet of the 9,000 square foot first level was
previously utilized as a restaurant and bar, offering additional flexibility for a restaurant, event space, retail operation, or
other multi-purpose use, subject to applicable approvals. The property also includes a dedicated parking lot with
approximately 36?40 parking spaces, in addition to available street parking. With its prominent downtown location,
substantial square footage, parking, elevator access, updated building systems, and flexible layout, this property presents
a rare opportunity for an owner-user or investor seeking a versatile commercial property in the heart of Parkersburg.
commercial building offers approximately 17,556 square feet of space and is currently utilized for office purposes, while
providing the flexibility for a variety of commercial and professional uses. The property would be an excellent fit for
corporate, medical, legal, or other professional services, as well as a potential multi-purpose facility. The building features
an elevator servicing all three floors, a front enclosed stairwell/fire escape serving all levels, and a rear stairwell exit also
serving the entire building. A full-size basement provides additional storage or functional space. The property has newer
HVAC systems, a newer rubber membrane and metal roof covering the entire building, and a new sprinkler system serving
the basement and entire first-floor level. The sprinkler system has also been extended to the second and third floors,
where it is stubbed off and ready for completion. Approximately 4,500 square feet of the 9,000 square foot first level was
previously utilized as a restaurant and bar, offering additional flexibility for a restaurant, event space, retail operation, or
other multi-purpose use, subject to applicable approvals. The property also includes a dedicated parking lot with
approximately 36?40 parking spaces, in addition to available street parking. With its prominent downtown location,
substantial square footage, parking, elevator access, updated building systems, and flexible layout, this property presents
a rare opportunity for an owner-user or investor seeking a versatile commercial property in the heart of Parkersburg.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
17,556 SF
Building Class
C
Year Built
1920
Price
$933,856 CAD
Price Per SF
$53.19 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,852 SF
Building FAR
0.69
Lot Size
0.58 AC
Opportunity Zone
Yes
Parking
40 Spaces (2.28 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 05-92-00450000 | Improvements Assessment | $644,839 CAD |
| Land Assessment | $139,937 CAD | Total Assessment | $784,776 CAD |
Property Taxes
Parcel Number
05-92-00450000
Land Assessment
$139,937 CAD
Improvements Assessment
$644,839 CAD
Total Assessment
$784,776 CAD
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