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22737957
22737940

3761 Teays Valley Rd,, Hurricane, WV 25526

Realcorp
Listed by Realcorp
$1,600,000
427 days on market
Updated 68 days ago

Tv Rd Property

Details
APN 65
Property Type Mixed Use, Multifamily (+2)
Sub Type Medical Office, Storefront (+1)
Square Footage 15,523
Cap Rate 10.34%
NOI $165,389
Occupancy 100%
Tenancy Multi
Lease Type Net
Class B
Year Renovated 2024
Buildings 3
Stories 1
Acreage 1.771
Zoning Commercial
Investment Type Stabilized

Mixed Use | 10.34% CAP | 15,523 SF

Marketing description

Fully leased diversified portfolio consisting of 3 buildings.

Building A: Approximately 8,0000 SF multi tenant office building. Subdivided into 3 spaces which includes a chiropractors office, a hair salon, and a medical cannabis dispensary. The building had a roof replaced in 2015, all HVAC units have been updated in the last 10 years.

Building B: Approximately 2,430 SF retail/office building. Originally leased to All State Insurance office has since been converted into Night Owl tattoo studio. Building roof has been replaced in 2017 and a new HVAC system put in 2020. Space has been completely remodeled.

Building C: Approximately 5,200 SF, two story apartment building. Consisting of five apartment units. Apartments range from one to three bedrooms and one to one-half baths, furnished kitchen w/ range and refrigerator. Apartments are leased fully furnished, updated, and equipped with modern appliances. Apartments are leased on short term rentals. In 2024 Landlord upgraded the building with a new roof and new HVAC units.

Disclaimer: This property is currently 100% Occupied. The information contained herein has been provided to the broker/agent by the property owners or other sources as we deem reliable. We have no reason to doubt its accuracy, however, we do not guarantee the information provided. All information should be verified prior to purchase by the buyer.

Investment highlights

Fully Leased Investment Property

Diversified Tenant Mix of Office, Retail, & Apartment

Great Visibility and Accessibility along Teays Valley Rd

Ample Onsite Parking

Additional.5 acres (+/-) in the Back for Potential Future Development

Listing Contacts

Realcorp
Listed by Realcorp

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$165,389.00
$13,782.42/mo

Valuation Metrics

0
DSCR
10.34%
Cap Rate
10.34%
ROI

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*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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