1537-1545 Hansford St - Light Distribution FOR SALE


Charleston, WV 25311- East End
$1,995,000 USD
304-549-7005
1537-1545 Hansford St, Charleston, WV for Sale
$1,995,000 USD
Light Distribution - FOR SALE
1/15
null | Request Cap Rate

1537-1545 Hansford St
Charleston, WV 25311
East End


HIGHLIGHTS

  • Ceilings average 22' high and there is a lot of office space on te second floor. Under the office is an area that could be used for shipping deliverl
  • Great location near downtown Charleston with easy 53' truck entering and exiting.
  • Property can be divided into sectors for different tenants. There are 3144 sf of nice office on the second floor and 1596 sf of office on the ground.

OVERVIEW

The property is owned by an investment firm that previously had it rented to one of their businesses, but later consolidated somewhere else, and now, the property is totally vacant and ready for re-use by a new owner; for their occupancy or to rent to one or several tenants. The price represents a price per square foot of $30.35. Significant upgrades to the building have been made in the last 2-3 years including a thorough cleaning, new LED lighting throughout, and upgrades to the heating and cooling systems. The property is literally in super-broom clean condition. Built after the Second World War, this building has had an amazing history of being occupied. For many years, it was a moving and van lines and storage facility and they eventually moved out of the area. After that, it was taken over by a company that did shredding and management of files, and they were in the building for many years. They upgraded to a larger facility and moved out about 10 years ago. During that time between then and now, it was rented to various corporations for storage and then when the current administration purchased it, they put their motorcycle and ATV parts and service business in the building. About a year ago, after spending an enormous amount of money on upgrades building, they moved out and consolidated in another building nearby. For the first time in a very long time, the building is vacant. It is on the market for sale at $1,995,000, or for lease at five dollars per square foot, triple net. The building is substantial. It has easy access despite the fact that it is in a quasi-residential quasi-industrial neighborhood. It is close to interstates. It has high ceilings, capable taking on large and high-racking shelving. Recently, the current owners have replaced all of the light fixtures with LEDs and the brightness and the quality of life inside the building is dramatically improved from what it was. This is a great building and it can easily be divided into smaller sectors in case somebody does not want the entire 68,000 ft.². The upstairs is tasteful and comprises approximately 3144 ft.² of nice office area, although it is walk-up. The downstairs area inside the front door is a shipping and receiving area which is nearby a truck dock for those functions. The facility can be made available even so far as subdivision of the space in relatively short order. Lease terms and sale terms are negotiable. Fort the right tenant, the owner can build to suit. For an appointment to see inside, please call me. Jon Cavendish, 304-549-7005

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$29 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1537-1545 Hansford Street

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

Distribution, Manufacturing, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

22 Ft

DOCKS

4

DRIVE INS

1

PARKING SPACES

30

LAND DETAILS

LAND ACRES

2.24

LAND SF

97,574

ZONING

C-10

APN/PARCEL ID

20-11- 21-0226.0000

ASK ABOUT THIS PROPERTY

Jon CavendishRealcorp, LLCMore Info
304-549-7005

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

Jon CavendishRealcorp, LLCMore Info
304-549-7005

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