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306-308 S Fairfax Blvd

6,140 SF Retail Building Offered at $349,000 at a 6.15% 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 being there since 9/15 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 6.1 % 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.

Marketing Brochure

Download Brochure

More Attachments

DOCS FOR 306 SOUTH FAIRFAX BLVD

Financial Summary (Actual - 2018)

Annual Annual Per SF
Gross Rental Income $31,200 5.08
Other Income - -
Vacancy Loss - -
Effective Gross Income $31,200 5.08
Taxes $6,240 1.02
Operating Expenses $3,500 0.57
Total Expenses $9,740 1.59
Net Operating Income $21,460 3.50

TRADE AREAS

Talent Base and Commute Times

1 mile 1 mi 3 mile 3 mi 5 mile 5 mi
1 Mile
3 Mile
5 Mile
Total Population
9,714
21,860
30,929
2010 Population
7,855
20,183
28,624
2024 Population
10,235
22,573
31,924
Employees
4,964
9,122
12,220
Total Businesses
503
872
1,085
Average Household Income
$71,647
$88,812
$91,165
Median Household Income
$54,432
$73,054
$74,494
Total Consumer Spending
$93.08M
$226.56M
$326.25M
Median Age
41.8
40.3
40.9
Households
3,975
8,411
11,650
Percent College Degree or Above
13%
17%
17%
Average Housing Unit Value
$233,603
$239,278
$249,896

Major Tenant Information

Tenant SF Occupied Lease End Date
Luis Used Appliances, LLC 3,500
Ms 3 Solutions 2,500

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

Drive Distance
Duffields Commuter Rail (Brunswick Line) 15 min 6.8 mi
Harpers Ferry Commuter Rail (Brunswick Line) 15 min 8.1 mi
Walk Score ®
78
Very Walkable
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.®

Gregory Graham's Other Listings

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