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709A Division St 17,584 SF 100% Leased Retail Building Parkersburg, WV 26101 $1,654,403 CAD ($94.09 CAD/SF) 8.50% Cap Rate
Investment Highlights
- Centrally located in high traffic area
- Low vacancy rate
- Strong leasing history, with vacant apartments often being rented in less than 24 hours
- Well maintained with very little deferred maintenance
Executive Summary
This mixed-use, income producing asset is located in the heart of South Parkersburg's Division Street commercial/retail area. This single owner property has been very well managed since its creation, and it has a strong leasing history. It also benefits from many recent upgrades, such as new rooves on both buildings and mechanical upgrades to many of the units. With retail/office spaces on the first floor of both buildings, and one and two bedroom apartments on the second story of both buildings, this property would be perfect for the local landlord/investor looking for a stable, well maintained and managed mixed-use asset in the middle of Parkersburg. Give me a call today to discuss the financial information in greater detail and to schedule a showing. This listing includes 709 Division Street AND 713 Division Street. It does not include 701 or 705 Division Street, but these two buildings may be purchased separately.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
17,584 SF
Building Class
C
Year Built
1984
Price
$1,654,403 CAD
Price Per SF
$94.09 CAD
Cap Rate
8.50%
NOI
$140,624 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.55
Lot Size
0.74 AC
Parking
32 Spaces (1.82 Spaces per 1,000 SF Leased)
Frontage
185’ on Division St
Amenities
- Pylon Sign
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Jackson County Developmental Center, Parkersburg
- Health Care and Social Assistance
- -
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$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Jackson County Developmental Center, Parkersburg | Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-9-00190000 | Improvements Assessment | $420,099 CAD |
| Land Assessment | $236,913 CAD | Total Assessment | $657,012 CAD |
Property Taxes
Parcel Number
05-9-00190000
Land Assessment
$236,913 CAD
Improvements Assessment
$420,099 CAD
Total Assessment
$657,012 CAD
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709A Division St
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