This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Send to Friend

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

306-308 S Fairfax Blvd

6,140 SF Retail Building Offered at $349,000 at a 6.5% Cap Rate in Ranson, WV

Highlights

  • Mixed use building
  • High traffic location
  • Flex space in back with its own loading dock

Investment Summary

Fully leased building located across the street from Ranson city hall and a high traffic Blvd. Building has 3 office or retail spaces with a possible fourth in an old loading dock. with an additional 2500sq. ft in the back of flex space with its own loading dock. 5 parking spaces in the back of building with additional off street parking in the front. Building is financial stable with one tenant just signed a new 3 year lease with additional 3 ,1 year options to stay and the second Tennant being there since 3/16. nearly new roof (2012) with years of warranty left on it. new HVAC system last yr. Spaces can be used for office, retail, light Industrial and flex space. Tenant's pay all utilities and CAM charges. owner pays the Taxes, Insurance and Maintenance charges. The current Cap Rate is 6.5% and is stable, Sale of property will be subordinate to the current leases. A unique opportunity call Greg Today.

The Offering

  • Listing ID: 16867885
  • Date Created: 8/9/2019
  • Last Updated:

About 306-308 S Fairfax Blvd , Ranson, WV 25438

Large Building with multi spaces the each have there own Baithroom and connects to the large back flex space in the back of the building, Located on a very high traffic street across from the Ranson city hall.

Attachments

DOCS FOR 306 SOUTH FAIRFAX BLVD

Financial Summary (Actual - 2018)

Annual Annual Per SF
Gross Rental Income $32,400 5.28
Other Income - -
Vacancy Loss - -
Effective Gross Income $32,400 5.28
Taxes $6,240 1.02
Operating Expenses $3,500 0.57
Total Expenses $9,740 1.59
Net Operating Income $22,660 3.69

Major Tenant Information

Tenant SF Occupied Lease End Date
Luis Used Appliances, LLC 3,500 January 2020
Silverware POS 2,500 January 2022

Amenities

  • Pylon Sign

Traffic

Collection Street Cross Street Traffic Vol Year Distance
N George St E North St, SE 9,629 2018 0.24 mi
W North St Opera House Way, SW 2,015 2018 0.28 mi
N George St E North St, NW 8,803 2018 0.29 mi
N George St W Liberty St, NW 6,800 2018 0.35 mi
N George St E North St, NW 8,980 2016 0.35 mi

Commuter Rail

Duffields Commuter Rail (Brunswick Line)
15 min drive 6.8 mi
Harpers Ferry Commuter Rail (Brunswick Line)
15 min drive 8.1 mi
Walk Score ®
Very Walkable (78)
What is a Walk Score®, Transit Score® & BikeScore®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code comm

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}