2621 Ritter Drive
Commercial $ 1,400,000

2621 Ritter Drive

Shady Spring, WV 25918

  • 8 Baths
  • 2,336 SqFt
  • 1.59 Lot Size
  • 1960 Year Built
MULTI-PROPERTY COMMERCIAL & RESIDENTIAL INVESTMENT OPPORTUNITY — $1,400,000 Rare opportunity to acquire a diversified income-producing real estate portfolio consisting of two strategically located commercial properties in southern West Virginia, offering a combination of retail, commercial lease, and residential rental income with additional value-add potential. The property at 1707 Flat Top Road in Cool Ridge features an established convenience-store location along with a separate commercial building that is currently leased. Excellent road frontage, visibility, parking, and access make this location well suited for continued retail or commercial use. The second property, located at 2621 Ritter Drive in Shady Spring, includes a gas station/convenience-store operation together with multiple residential rental units. Residential improvements include an apartment attached to the commercial building, a detached three-bedroom apartment, and three single-wide mobile homes. Two residential units are currently occupied and producing rental income. One of the mobile homes could potentially be returned to the rental market with a light refresh, while two additional mobile homes offer renovation and value-add opportunities. Together, these properties provide an investor with an unusual combination of commercial operations, leased commercial space, existing residential rental income, and additional income-growth potential. Offered together at $1,400,000. Financial information, lease information, operating information, and additional property details may be made available to qual
Listed by TRANSCEND REALTY

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Sub Type Business

    Listing Status Active

    Purchase Type For Sale

    Square Footage 2, 336 sqft

    Price per Sqft $599

    MLS Listing ID 95496

    Year Built 1960

    Lot Size 1.590 Acres

    Property Sub-Type Business

  • Location

    State WV

    County Raleigh

    Area Area 5

  • Building

    Lot Description Corner Lot, Other

    Sewer Public Sewer

    Water Metered, Community System

  • Interior

    Interior Features Storage

    Heating Central

    Cooling Central Air

    Flooring Vinyl, Carpet

    Inclusions Fixtures

    Equipment Machinery, Equipment Included

    Appliance Electric Water Heater

  • Exterior

    Exterior Feature Storage

    Parking Features Parking Lot

    Utilities Available Water Connected, Sewer Connected

    Roof Type Asphalt,Other

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