832-788-0914
1200 Market St, Wheeling, WV for Sale
Hospitality - FOR SALE
1/23
null | Request Cap Rate

1200 Market St
Wheeling, WV 26003


HIGHLIGHTS

  • Approximately 97,400 SF across seven stories with interior corridors.
  • Offers a mix of event space, meeting facilities, and on-site amenities such as a business center, bar, and fitness center.
  • Opportunity Zone designation offering potential tax benefits.
  • Includes attached structured parking for 220 vehicles with direct building access.
  • Owner financing available
  • New roof will be needded.

OVERVIEW

Own a landmark asset with deep historical significance and strong redevelopment potential in the heart of Downtown Wheeling. The McLure Hotel and Conference Center features 173 rooms, including suites, set across seven stories, and encompasses approximately 97,400 square feet on a 0.64-acre site. Originally built in 1852 and renovated most recently in 2022, this property merges classic architecture with modern amenities, standing as a cornerstone of Wheeling’s rich heritage. The facility includes a business center, on-site fitness amenities, public high-speed internet access, a dedicated conference and event space, and a full-service bar, supporting hospitality operations and event hosting. Ample structured parking is provided via an adjacent 220-space garage with direct connectivity. The site’s designation as an Opportunity Zone offers significant tax advantages for qualified investors, positioning it as a compelling candidate for adaptive reuse or continued hospitality service. Located on Market Street, the McLure benefits from proximity to cultural attractions, commerce, and the Ohio River waterfront. Its downtown location ensures walkable access to restaurants, shops, and community amenities, while regional connectivity is supported by nearby Interstate 70 and local transit corridors. With its unique combination of history, flexibility, and location appeal, this property presents unparalleled potential for investors seeking a boutique hotel play, mixed-use conversion, or residential redevelopment in an appreciating urban market.

FOR SALE DETAILS

PRICE

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# OF ROOMS

173

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McLure Hotel and Conference Center

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

7

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1852

PARKING SPACES

200

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

D-1

APN/PARCEL ID

10-W50B-01160000

ASK ABOUT THIS PROPERTY

Fran GareyMcLure HotelMore Info
832-788-0914

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Fran GareyMcLure HotelMore Info
832-788-0914

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