225 McColloch St
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225 McColloch St
77,101 SF 95% Leased Industrial Building Wheeling, WV 26003 $2,300,000 ($30/SF) 10.67% Cap Rate
Executive Summary
Here is a great opportunity for investors. Loading docs and a doc ramp make options for different business possibilities. Seemingly endless space exists for future buildout plans, office areas, restrooms, works areas, storage, storefront, and more which can be created or utilized with the existing layout. Nearly everything is updated including the entire roofing system, electrical, HVAC, and mechanical items. Most of the spaces are leased currently with stable tenants. The lower areas are very large and present creative ways to increase revenue potential. There are 3 wells on the property which invite ways to satisfy different water supply needs. Includes 10 parcels. 3.7235 Acres.
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,300,000 | Rentable Building Area | 77,101 SF |
| Price Per SF | $30 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1960 |
| Cap Rate | 10.67% | Parking Ratio | 1.04/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 20 FT |
| Property Subtype | Distribution | No. Dock-High Doors/Loading | 12 |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 3.72 AC |
| Price | $2,300,000 |
| Price Per SF | $30 |
| Sale Type | Investment or Owner User |
| Cap Rate | 10.67% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 3.72 AC |
| Rentable Building Area | 77,101 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 1.04/1,000 SF |
| Clear Ceiling Height | 20 FT |
| No. Dock-High Doors/Loading | 12 |
| No. Drive In / Grade-Level Doors | 2 |
Amenities
- Front Loading
- Yard
- Storage Space
- Fluorescent Lighting
- Air Conditioning
Utilities
- Lighting
- Gas
- Water - Well
- Sewer - City
- Heating
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $700,980 (2024) | |
| Land Assessment | $82,320 (2024) | Total Assessment | $783,300 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$82,320 (2024)
Improvements Assessment
$700,980 (2024)
Total Assessment
$783,300 (2024)
-
Jay Goodman -
Bob Jackson -
Harvey Goodman Realtors
(740) 695-3131
x402
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225 McColloch St
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