18 4th St - Health Care FOR SALE


Richwood, WV 26261
$75,000 USD
202-536-3732
18 4th St, Richwood, WV for Sale
$75,000 USD
Health Care - FOR SALE
1/11
null | Request Cap Rate

18 4th St
Richwood, WV 26261


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Skilled Nursing Facility | ±32,531 SF | 97 Beds | AUCTION AUGUST 3-5
  • Former ±32,531 SF skilled nursing / rehabilitation facility situated on approximately 2.69 acres in Richwood, West Virginia.
  • Institutional-scale layout with 97-bed configuration, offering potential reuse for healthcare, behavioral health, senior housing, group housing, nonpr
  • Large single-story institutional footprint with multiple building wings, surface parking, and a low building-to-land ratio for operational flexibility
  • Low-basis value-add opportunity for an investor, owner-user, or redevelopment buyer seeking substantial existing improvements
  • Scenic Appalachian location in Richwood, a gateway community to the Monongahela National Forest, Highland Scenic Highway, Cranberry Wilderness

OVERVIEW

Marcus & Millichap is pleased to present a rate opportunity to acquire a vacant, former skilled nursing and rehabilitation facility located at 18 4th Street in Richwood, West Virginia (the “Property”). The Property includes approximately 32,531 square feet of improvements on 2.69 acres, with a reported 97-bed configuration, single-story layout, municipal utilities, and 63 surface parking spaces. The existing institutional footprint may offer compelling adaptive reuse potential for healthcare, behavioral health, senior care, group housing, nonprofit, municipal, educational, or other community-serving uses, subject to buyer verification and required approvals. Richwood, West Virginia is a small Appalachian submarket in Nicholas County that is best understood as a rural healthcare and service hub for the surrounding mountain region. The city sits along Route 39/55 at the edge of the Monongahela National Forest, with regional visibility tied to tourism, outdoor recreation, and its role as a local access point for surrounding communities. For a vacant skilled nursing facility investor, the market is notable because healthcare and social assistance is one of Nicholas County’s largest employment sectors, supporting the relevance of medical and care-related real estate even in a small-town setting. The Property is located within a trade area of ±7,296 residents with an average household income (AHHI) of ±$55,584 within 10 miles. The asset offers a low-basis repositioning opportunity for buyers seeking scale, infrastructure, and optionality in southern West Virginia.

FOR SALE DETAILS

PRICE

$75,000 USD

PRICE/SF

$2 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction - Former Skilled Nursing Facility

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

63

LAND DETAILS

LAND ACRES

2.69 AC

LAND SF

117,176 SF

ZONING

-

APN/PARCEL ID

06-10-00720000

ASK ABOUT THIS PROPERTY

Grant FitzgeraldMarcus & MillichapMore Info
202-536-3732

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Grant FitzgeraldMarcus & MillichapMore Info
202-536-3732

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