1489 Milford St - Office FOR SALE


Clarksburg, WV 26301
$3,800,000 USD
681-667-4825
1489 Milford St, Clarksburg, WV for Sale
$3,800,000 USD
Office - FOR SALE
1/46
null | Request Cap Rate

1489 Milford St
Clarksburg, WV 26301


HIGHLIGHTS

  • Includes 3 Limited Video Lottery Retail Locations,a Cafe overlooking VA Park, a Bakery/Kitchen, Catering/Banquet and Non-profit charitable Bingo.
  • 500 ft of US Route 19 and State Route 98 frontage , plus easy access to US Route 50 and Interstate 79 .
  • Directly abuts the West Fork River with nearby walking trails.
  • Located nearby Veteran's Memorial Park, Louis A Johnson VA Medical Center, and many local retailers.

OVERVIEW

FOR SALE OR LEASE. This is an excellent opportunity to purchase a property at 55% of current appraised value! Note: Price is subject to change pending final negotiation on current rentals and stage of current upgrades. If you purchase this property, there is lots of opportunity for income if you’re willing to lease back a portion of the building to most of the current tenants. While the building is for sale, we are currently willing to lease to new tenants. This 130,000 SF mixed-use building features a Conference Center, one of the largest event centers in North Central West Virginia. Included in the building are 6 event rooms, a grand ballroom, a bingo hall. With ample parking and many nearby amenities and retailers, this center is a go to for locals and is a great investment opportunity. The building sits on 12 acres of land that directly abuts the West Fork River and is fronted by and US-19 and WV State Route 98. Neighboring facilities include car dealerships, a Sheetz convenience store across the street and a GO-Mart on the corner of the property, a grocery store, a hard-ware store and two banks. Located across the river from this property is Clarksburg Splash Zone, the beautiful Veteran’s Memorial Park, Clarksburg Amphitheatre, the Louis A Johnson VA Medical Center, and the WV Veterans Nursing Facility. The traffic in the area is scheduled to change in the fall of 2024 due to the consolidation of local High Schools and Middle Schools. This change will bring more traffic by the property daily. There is a new Dollar General Marketplace opening in the summer of 2024. There are currently 3 limited video lottery locations on the property. In addition, Pearls Parkview Cafe, an ice cream, espresso, coffee and desserts business. Along with the newest business the Village Marketplace, which has brought lots of traffic from all areas since it’s opening in November of 2023.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$29 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

FOR SALE OR LEASE

PROPERTY TYPE

Office

ADD'L SUBTYPES

Bar, Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

12 AC

LAND SF

522,720 SF

ZONING

NONE

APN/PARCEL ID

01-306-00460000,01-306-00460003

ASK ABOUT THIS PROPERTY

Mark WiltWilt Mark WMore Info
681-667-4825

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Mark WiltWilt Mark WMore Info
681-667-4825

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.