5453 Big Tyler RdCross Lanes, WV 25313

For Sale
$1,450,000

High-yield retail investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 29,500 square foot, single-story retail and office building situated on a 1.86-acre lot in Cross Lanes, West Virginia. The property, located at 5453 Big Tyler Rd, boasts a strong 5.63% cap rate and a current NOI of $81,600. The building, constructed in 1974, features a total of three units, with a current occupancy rate of 30%. One unit (6,500 sq ft) is currently leased to a daycare center, extending until October 1, 2029. Two additional vacant units present significant upside potential. A 15,500 square foot space, previously a fitness center, includes an in-ground pool and locker rooms. A 7,500 square foot space, formerly used as a church, offers versatile options for office or retail use. The property includes 54 parking spaces and is classified as a Class B building with a modified lease type. The net rentable area is 23,000 square feet, with an asking price of $1,450,000 ($49.15 per square foot). This owner/user investment presents a compelling opportunity to capitalize on a prime location and substantial potential for increased revenue. The property's APN is Union 22E-74. The building is situated in Kanawha County, West Virginia, zip code 25313.

Highlights

  • $1,450,000 asking price for this 29,500 square foot retail storefront in Cross Lanes, WV.
  • 5.63% cap rate with a current NOI of $81,600.
  • Modified lease, multi-tenant property with one current tenant (daycare) and a 4.9-year remaining lease term expiring October 1, 2029.
  • 23,000 square feet of net rentable space, priced at $49.15 per square foot.
  • Located on a 1.86-acre lot at 5453 Big Tyler Rd, Cross Lanes, WV 25313, with 54 parking spaces.

Property Details for 5453 Big Tyler Rd

Property type
Other retail properties, Individual retail properties
Square Feet
29,500 SF
Class
B
Year Built
1974
Buildings
1
Stories
1
Lot Size (sq. ft)
81,022 SF
Units
3

Location Insight

City
Cross Lanes
County
Kanawha
State
West Virginia
Latitude
38.426235431822
Longitude
-81.784783827623
5453 Big Tyler Rd, Cross Lanes, West Virginia

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5453 Big Tyler Rd
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