516 Adams St - Flex FOR SALE


Mason, WV 25260
$1,200,000 USD
304-857-8312
516 Adams St, Mason, WV for Sale
$1,200,000 USD
Flex - FOR SALE
1/69
null | Request Cap Rate

516 Adams St
Mason, WV 25260


HIGHLIGHTS

  • Former elementary school facility encompassing approximately 16,820 SF with flexible reuse potential for event, institutional, commercial users
  • Situated on approximately 4.61 acres with ample site area, paved parking, and room for a variety of occupancy configurations.
  • Well-maintained campus currently operating as Serenity Hills, an established event venue with spaces accommodating gatherings of up to 200 attendees.
  • Prominent Mason location offering a unique value-add opportunity with existing improvements and multiple-use flexibility.

OVERVIEW

Unique 16,820 square foot commercial building, formerly an elementary school and a church, completely renovated within the last 10 years into a working event venue and space rental business. The front entryway holds three private offices, suited for on site management, office rental, or event check-in. The interior is made up of separate rooms that stand alone or combine into larger spaces as needed, allowing for anything from a small gathering to a large event. Several rooms have their own exterior access, so multiple spaces can be rented to different groups at the same time without crossing foot traffic. The event build-out includes multiple party rooms, a dedicated theatre room, and a full commercial kitchen. Two separate groups of updated public restrooms serve the building. Mechanical updates include five A/C units installed since 2020, two hot water tanks, and a separate instant hot water heater. The building runs on three phase power and is on public utilities. The lot is large enough for ample parking with room to add on or construct an additional building. The setting is private. Current use is an event and rental space business. The building also lends itself to office space, or a conversion to a hotel or apartments in an area quickly expanding with industry & with an extreme housing need.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$71 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Serenity Hills

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Medical, Light Distribution, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.6

LAND SF

200,376

ZONING

-

APN/PARCEL ID

11 300790000

ASK ABOUT THIS PROPERTY

Angela ZimmermanThe Angie Zimmerman Realty Group, LLCMore Info
304-857-8312

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Angela ZimmermanThe Angie Zimmerman Realty Group, LLCMore Info
304-857-8312

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