Greenbrier County West Virginia - Land, Farms & Ranches - Property ID: 3815518

Property ID: 3815518 - Greenbrier County West Virginia


Property ID: 3815518 - Greenbrier County West Virginia

Property ID: 3815518

County: Greenbrier

Type: Commercial Property

Acres: 3.31

Address: 362 Mountain Avenue

City: White Sulphur Springs

State: West Virginia

Zip: 24986

Price: $1,500,000.00

Status: Available
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: 17120047 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.


Contact Name: James Woltz

Phone Number: 540-342-3560

Fax: 540.342.3741

Toll Free: 800-551-3588

Address1: 23 Franklin Road

City: Roanoke

State: VA

Zip: 24011

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