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716 Lee St E 9,673 SF 100% Leased Retail Building Charleston, WV 25301 $808,048 CAD ($83.54 CAD/SF) 1% Cap Rate
Investment Highlights
- Located on busy street in downtown
- Multifunctional space
- Open restaurant with lease included in sale
- Parking lot directly across the street
- Massive 3rd floor ready to renovate
- High end 1st floor furnished with formal office & 3 office pods, reception area & kitchenette
Executive Summary
IMMEDIATE INCOME with current leases in downtown Charleston conveniently located at the busy intersection of Capital & Lee right beside Davis Park with a large public parking lot right across the street. Large 3-story building with an upscale and sleek 1st floor office space with reception area, formal offices, 3 office pods, kitchenette, and restroom. 2nd floor with a formal conference room, 6-room office suite, 7 private offices, and 2 restrooms. 3rd floor with endless opportunities in over 4,000 sq ft of space ready to be developed into more offices, condos, entertainment space, etc.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
9,673 SF
Building Class
C
Year Built/Renovated
1910/2018
Price
$808,048 CAD
Price Per SF
$83.54 CAD
Cap Rate
1%
NOI
$8,080 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.22
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
C - Central Business District
Frontage
49’ on Lee St E
Amenities
- 24 Hour Access
- Corner Lot
- Restaurant
- Air Conditioning
- Smoke Detector
- Awning
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-9-00840000 | Improvements Assessment | $262,847 CAD |
| Land Assessment | $156,916 CAD | Total Assessment | $419,763 CAD |
Property Taxes
Parcel Number
11-9-00840000
Land Assessment
$156,916 CAD
Improvements Assessment
$262,847 CAD
Total Assessment
$419,763 CAD
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Presented by
Faith Realty & Co., LLC
716 Lee St E
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