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56,332 Sq. Ft. Industrial Building

362 Mountain Avenue : White Sulphur Springs, WV 24986

Greenbrier County, West Virginia

Shown by Appointment Only

3.30 Acres
$1,500,000 USD
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Under Contract

Property Description

This 56,332± sq. ft. building has 6,000± sq. ft. in offices and the remainder in warehouse. The entire building was renovated in 2006 with new roof, HVAC and offices. Approximately $94,000 was spent in 2016 and 2017 for Caterpillar standby generator, HVAC system for server room, passcard secure interior doors, automated gate and security camera system. The annual net income is ± $170,000 per year. The tenants use of property is storage, scanning and microfilming medical records. Lease expires November 30, 2021.

Prime investment property with over a 10% rate of return per year on investment.

Total Acreage: 3.31± Acres

Road Frontage: 540 ft.

Gross Lot Sq. Ft.: 144,184

Onsite Parking: Yes (80± Spaces)

Gross Building Sq. Ft.: 56,332

Office Sq. Ft.: 6,000

Warehouse Sq. Ft.: 50,332

Leased Investment Property:

Income: $15,913.56 per month, $190,962 per year gross income

Annual Expenses:

Real Estate Taxes $6,650

General Liability Insurance: $7,750

Flood Insurance: $1,335 Note: The building has never flooded, including in the 2016 flood, which was a 1,000 year flood.

Maintenance / Repairs: $5,227

Net Operating Income: $170,000

Leasable Sq. Ft.: 56,332

Number of Stories: 1

Basement: No

Legal Description: Greenbrier Co., WV DB 503, pg 292

Tax ID:7

Zoning: B3 (Business Industrial)

Construction: Brick

Ceiling Height: ±12 to 20 ft. (varied)

Roof System: Rubber membrane

Dry Fire Sprinkler System

Heating: Gas Heat

Cooling: Electric (Office and Server Room Areas)

Shown by appointment.

Property Maps & Files

More Property Details

> Commercial Zoning
> Flat Terrain
> Paved Road Access
> Electricity Service
> Water Service
Annual Taxes
$6,650
COMMERCIALFLIP ID
122053
Parcel / Tax ID
17120047
Posted on COMMERCIALFLIP
882 Days Ago
Last Updated
112 Days Ago
Views
255

Property Price History

6/20/17
$1,500,000
$195,000
11.5%
Property features, descriptions, details, directions, sales history, photos, maps, boundaries and files are deemed reliable and provided "as is" without guarantee, warranty, representation, expressed or implied by COMMERCIALFLIP or its advertisers, and is subject to errors, omissions, sale or withdrawal. Contact the seller directly regarding this listing.