416-418 Washington Street W
Prime 24,950 square foot Commercial Property for Sale Near Elk City District!
Marketing description
Property Overview
📍 Address: 416–418 Washington Street W, Charleston, WV 25302
🏷 Asking Price: $349,900
🏢 Property Type: Commercial / Flex Industrial / Mixed-Use Opportunity
📐 Building Size: 24,950 SF (approx. 25,000 SF)
🌎 Lot Size: 0.36 Acres
🏗 Year Built: 1925
📈 Occupancy: Vacant / Value-Add
🚚 Access: Loading Dock + Freight Elevator
🚦 Location: High-traffic West Side corridor near Elk City District
Executive Summary
Large-scale commercial assets under $400K are rare creatures — especially ones approaching 25,000 square feet inside city limits.
This property sits firmly in the operator-value category, meaning the opportunity is created through use, repositioning, or subdivision rather than stabilized income.
Key advantages:
Massive square footage at extremely low basis
Existing industrial infrastructure already in place
Elevator + loading dock (huge for adaptive reuse)
Flexible layout supporting multiple business models
Visibility along a high-traffic commercial corridor
At roughly: 👉 ~$14–$16 per square foot
…the pricing lands far below replacement cost and below most regional commercial shells.
Physical Features
✔ Brick commercial construction
✔ Multiple office areas
✔ Freight elevator between floors
✔ Loading dock (box truck → semi capable)
✔ Lunchroom / staff areas
✔ Multiple restrooms
✔ Central air components + commercial systems
✔ Flat roof structure
Translation: the bones already understand commerce.
Highest & Best Operator Uses
(Illustrative — market positioning ideas)
1. Contractor / Trades Hub
Electrical, plumbing, HVAC, restoration companies
Warehouse + offices under one roof
Equipment storage + dispatch center
2. Indoor Storage / Micro-Warehouse
Partition floors into rentable bays
Contractor storage units
Small business warehouse suites
3. Creative Adaptive Reuse
Maker spaces
Artist studios
Event / production facility
Content studio hub (very under-served locally)
4. Multi-Tenant Flex Conversion
Divide into 8–20 suites
Lease smaller footprints
Stabilize gradually instead of full renovation upfront
Investment Profile
Best Buyer Types
Owner-operator needing space
Value-add commercial investor
Trades company scaling operations
Storage or flex developer
Entrepreneurial repositioning buyer
Investment highlights
Investment Highlights
24,950 SF Commercial Opportunity
🏢 Large-Scale Asset at Low Basis
Approximately 24,950 SF offered at roughly $14–$16 per SF, far below replacement cost and typical commercial pricing.
📍Strategic Charleston Location
Positioned along Washington Street West with strong visibility, traffic exposure, and close proximity to downtown and Elk City.
🔧 Built for Commercial Use
Existing infrastructure includes:
✔ Freight elevator
✔ Loading dock
✔ Multi-level layout
✔ Office and operational space
Reduces startup and redevelopment costs.
💰 Value-Add Potential
Vacant building allows immediate repositioning for:
Flex industrial suites
Contractor headquarters
Storage conversion
Multi-tenant commercial use
📊 Compelling Economics
~24,950 SF building
Commercial scale at residential pricing
Significant upside through lease-up or owner occupancy
🚀 Investment Thesis
Acquire scale cheaply. Improve strategically. Create income through repositioning and subdivision.
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