The C.W. Venture Centre
Office | 7.37% CAP | 24,600 SqFt
Marketing description
An exceptional investment opportunity in Downtown Huntington. We have a fully renovated commercial building now available that delivers a strong income from day one.
Given its combination of a prime location, full occupancy and turnkey renovations, this property represents a rare and stable investment in Huntington's vibrant downtown corridor.
Investment highlights
The original 2010 redevelopment was designed to take advantage of Historic Tax Credits, and the project adhered to their strict and specific guidelines.
Recent key improvements include:
**Exterior:** The building's exterior renovation was completely painted with a 20-year high-grade Loxon paint, metal siding was added where needed, and maintenance free vinyl windows have been installed. This work eliminates the need for exterior maintenance for approximately 15 years.
Recent Renovations Cost $175,505.96
The rubber roof was replaced approximately 18 years ago and has been maintained with inspections by Tudor Roofing, which should not require significant attention for at least 10 years. **Interior:** The building's three floors were reconfigured to accommodate the added tenant, Assured Partners, in 2022. Both existing tenants now utilize the main lobby and conference rooms.
The new owner will likely require a minimal replacement reserve, with the recent upgrades, we anticipate no major concerns for the next decade.
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