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317A Oakvale Road - 12 AC Development Site | No Zoning | Princet

12 Acres of Commercial Land Offered at $500,000 in Princeton, WV 24740

Investment Highlights

  • Prime Development Opportunity | 12.00 Acres of Un-Zoned Land Off of Interstate-77 | Adjacent to a Lowe's Home Center
  • Excellent Access & Visibility via Interstate-77 (21,800+ VPD) and Highway 460 (19,300+ VPD) | In Close Proximity to Interstate-81
  • Other National Retailers in the Immediate Surrounding Area Include Wal-Mart, Chick-Fil-A, Starbucks, & More
  • No Zoning Ordinance in Mercer County | Unrestricted Development Opportunity
  • 4 Miles from Princeton Community Hospital | 200+ Bed Acute Care Facility
  • Business Friendly Environment | Mercer County & the State of West Virginia Offer Various Tax Incentives Aimed at Attracting & Retaining Businesses

Executive Summary

The AP Group of Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the Oakvale Road development site, located in Princeton, West Virginia. Totaling 12.00 acres, the site is positioned within an unincorporated zone in Mercer County, providing completely unrestricted development opportunity as there is no zoning ordinance or overlay district for the area. With over 1,000 feet of frontage, the property features excellent visibility and access as it is situated just off of two major thoroughfares in Princeton, Interstate-77 (21,800+ VPD), and Highway 460 (19,300+ VPD). Ideally located in a retail corridor, the neighboring retailers include a Lowe’s, Chili’s Grill & Bar, and First Community Bank. Other national retailers in the immediate surrounding area include Starbucks, Chick-Fil-A, Wal-Mart, & more.
Situated in the heart of Appalachia, West Virginia links the coastal mid-Atlantic corridor with the major markets of the Midwest and Upper South. Traditionally known as a center of domestic energy production, major research and development centers, as well as healthcare institutions, have come to prominence in recent years. The state’s unique geography also benefits from proximity to nearby markets. Portions of the eastern panhandle are incorporated into the Washington, D.C. Metropolitan Statistical Area, with the nation’s capital and downtown Baltimore located fewer than 70 miles from this region.

Property Facts

Price $500,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 12.00 AC

1 Lot Available

Lot

Price $500,000
Price Per AC $41,667
Lot Size 12.00 AC

Totaling 12.00 acres, the site is positioned with over 1,000 ft of highway frontage.

Description

The AP Group of Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the Oakvale Road development site, located in Princeton, West Virginia. Totaling 12.00 acres, the site is positioned within an unincorporated zone in Mercer County, providing completely unrestricted development opportunity as there is no zoning ordinance or overlay district for the area. With over 1,000 feet of frontage, the property features excellent visibility and access as it is situated just off of two major thoroughfares in Princeton, Interstate-77 (21,800+ VPD), and Highway 460 (19,300+ VPD). Ideally located in a retail corridor, the neighboring retailers include a Lowe’s, Chili’s Grill & Bar, and First Community Bank. Other national retailers in the immediate surrounding area include Starbucks, Chick-Fil-A, Wal-Mart, & more.

  • Listing ID: 30871246

  • Date on Market: 2/4/2024

  • Last Updated:

  • Address: 317A Oakvale Road, Princeton, WV 24740

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