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4112 MacCorkle Ave SE

11,500 SF 100% Leased Retail Building Charleston, WV 25304 $599,000 ($52/SF) 13.42% Cap Rate

Executive Summary

Great investment property. Two-story, brick building located in the heart of the business district on MacCorkle Ave SE. New roof 2024. Also new heating and cooling units. Updated interior with
22 parking spaces on-site. Zoned C-8 (office/retail/commercial). 75' street frontage and 150' deep lot. Adjacent parking lot included in the sale.
Currently 50% occupied, with first floor available for lease.
NOI based on potential income with current tenants.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,500 SF
Building Class
C
Year Built
1960
Price
$599,000
Price Per SF
$52
Cap Rate
13.42%
NOI
$80,400
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.02
Lot Size
0.26 AC
Zoning
C-8
Parking
11 Spaces (0.96 Spaces per 1,000 SF Leased)
Frontage
121 FT on MacCorkle Ave SE

Nearby Major Retailers

Rent-A-Center
Truist
City National Bank
Fifth Third Bank
Starbucks
Curves
Piggly Wiggly
Foodland
United Bank
Cook Out

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13-17-00480000
Land Assessment
$48,480
Improvements Assessment
$272,570
Total Assessment
$321,050
  • Listing ID: 28531137

  • Date on Market: 5/19/2023

  • Last Updated:

  • Address: 4112 MacCorkle Ave SE, Charleston, WV 25304

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