Southcrest Plaza Retail FOR SALE


Parkersburg, WV
$1,899,000 USD
304-485-8000
, Parkersburg, WV for Sale
$1,899,000 USD
Retail - FOR SALE
1/4
null | 7.73% Cap Rate

Southcrest Plaza
Parkersburg, WV


HIGHLIGHTS

  • 19,000 VPD; Great visibility
  • Entire, contiguous city block (1.50 Acres)
  • High occupancy rate; Below market rents
  • Below market rents

OVERVIEW

Wonderful, local commercial real estate investment opportunity comprised of roughly 30,115 SF of commercial and multifamily space on 1.50 acres (an entire block). This property has been very well maintained by local, hands-on ownership and management since its construction. Some highlights include a 95% occupancy rate, strong leasing history and tenant retention, new roofs on the two multi-tenant buildings, and below market rents (creating NOI upside for the right buyer). See attachments for a site plan, a market aerial, and written descriptions of the individual buildings/properties in this portfolio. Call me to discuss the financial analysis in more detail.

ASK ABOUT THIS PROPERTY

Jared DeckerPMC Realty ServicesMore Info
304-485-8000

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Jared DeckerPMC Realty ServicesMore Info
304-485-8000

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