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Rare & Historic Redevelopment in CBD 3 Properties Online Auction Sale Huntington, WV
Investment Highlights
- Coal Exchange Building at 401 11th Street presents a multifaceted repurposing opportunity of a renowned, historic office building.
- Approval has been granted for the end use of a 140-unit Extended Stay Residence Inn by Marriott, as well as a plethora of other options.
- Ideally located in Huntington’s Opportunity Zone, supporting the redevelopment of the historically registered building via feasible tax incentives.
- Flexible zoning, local government support, an adjacent surface parking lot, and two leased buildings are additional benefits of this offering.
Executive Summary
The Coal Exchange Building is an adaptive reuse opportunity featuring a vacant office tower located in the heart of Huntington’s Central Business District (CBD), within a federally designated Opportunity Zone. Also included in this offering are the adjacent office building at 419 11th Street (±4,700 square feet), the retail building at 411-417 11th Street (±2,400 square feet), and a surface parking lot, totaling 2.75 acres.
Constructed in 1925, this historic 14-story Art Deco building retains many original architectural features, including its exterior façade, decorative door hardware, interior moldings, and original mail drop. The building boasts expansive windows throughout, providing abundant natural light and panoramic city views. The property was originally home to The Coal Exchange Bank and the Chesapeake & Ohio Railway, underscoring its historic and civic significance.
Historic Tax Credits have been approved for the building, and there is strong potential for additional financing incentives, including New Markets Tax Credits, Brownfield incentives, and other state-funded programs, depending on the proposed end use.
The property is located in busy Downtown Huntington, blocks from Marshall University, across the street from the Robert C. Byrd Institute of Advanced Flexible Manufacturing (RCBI), and near Pullman Square, offering excellent proximity to retail, dining, entertainment, and institutional anchors.
Beyond the approved Extended Stay Residence Inn by Marriott plans, the Coal Exchange Building would also be ideal for student/ affordable/ senior housing or mixed-use development. One block from the St. James Building, a very successful rehab building, with commercial on the first floor and 50 upscale condominiums on the upper floors.
Constructed in 1925, this historic 14-story Art Deco building retains many original architectural features, including its exterior façade, decorative door hardware, interior moldings, and original mail drop. The building boasts expansive windows throughout, providing abundant natural light and panoramic city views. The property was originally home to The Coal Exchange Bank and the Chesapeake & Ohio Railway, underscoring its historic and civic significance.
Historic Tax Credits have been approved for the building, and there is strong potential for additional financing incentives, including New Markets Tax Credits, Brownfield incentives, and other state-funded programs, depending on the proposed end use.
The property is located in busy Downtown Huntington, blocks from Marshall University, across the street from the Robert C. Byrd Institute of Advanced Flexible Manufacturing (RCBI), and near Pullman Square, offering excellent proximity to retail, dining, entertainment, and institutional anchors.
Beyond the approved Extended Stay Residence Inn by Marriott plans, the Coal Exchange Building would also be ideal for student/ affordable/ senior housing or mixed-use development. One block from the St. James Building, a very successful rehab building, with commercial on the first floor and 50 upscale condominiums on the upper floors.
Data Room Click Here to Access
- Plans
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Property Facts
| Sale Condition | Auction Sale | Number of Properties | 3 |
| Type of Ownership | Fee Simple | Total Building Size | 126,323 SF |
| Sale Type | Investment | Total Land Area | 0.78 AC |
| Status | Active |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Total Building Size | 126,323 SF |
| Total Land Area | 0.78 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built |
|---|---|---|---|
|
Coal Exchange Building
401 11th St, Huntington, WV 25701 |
Office | 120,000 SF | 1925 |
| 419 11th St, Huntington, WV 25701 | Office | 4,173 SF | - |
| 411-417 11th St, Huntington, WV 25701 | Retail | 2,150 SF | - |
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