117 E WASHINGTON ST., LEWISBURG, WV

Fantastic investment opportunity in downtown Lewisburg. 2-story building with approximately 8,500 sq ft fronting on Washington Street with access from an alleyway in the back. Well-maintained with excellent rental income from retail and office spaces.

Five current leases with sixth section being used by owners for offices. Sixth section could be rented out for additional income.

Additional information on net income and leases available to qualified buyers.

 

 

 

 

 

 

  • LOCATION/ ACCESS/ PARKING

    Address:
    117 East Washington St
    Lewisburg, WV 24901

    Property has street parking and sidewalk access from East Washington St/ Rt 60 and from an alley way on the backside of the building which is accessed via S. LaFayette St. Additional parking is readily available via the city parking lot at the head of the alley way.

    Coordinates:
    LAT 37.8011194N
    LON 080.4452712W
    Elevation: 2087′

    Schools: Lewisburg Elementary, Eastern Greenbrier Middle School, Greenbrier East High School

  • UTILITIES

    Water: City
    Sewer: City
    Electricity: MonPower
    Natural Gas: Mountaineer Gas
    Trash: Greenbrier Solid Waste

  • BUILDING DETAILS

    Style: 2-Story
    Square Footage: 8500 +/-
    Main: 4250 +/-
    Upstairs: 4250 +/-

    Total Rooms: 18

    Bathrooms: 2 {Janitorial Service cleans bathroom upstairs 1x / week}

    Year Built: 1939
    Foundation: Concrete Block
    Exterior: Concrete Block
    Heating: Heat Pump {2 Units Main Floor}, Natural Gas Boiler/ Radiant Heat {Upstairs}
    Cooling: Heat Pump {2 Units Main Floor}, Window Units {5 Units Upstairs}
    Roof: 1987
    Flooring: Carpet, Vinyl
    Internet: DSL to 2 retail spaces and 2 offices upstairs
    Items to Convey: A/C Window Units

    Metering Information
    Electric Separate metering downstairs, upstairs as one unit
    Water, Sewer, Trash Entire Building
    Natural Gas Upstairs as one unit {boiler provides heat for entire upstairs floor}

  • BUILDING IMPROVEMENTS

    1983 Building acquired by Hanamark Properties Ltd.

    1984 Major remodeling of upstairs office space including insulation of exterior walls and ceiling, new bathrooms and plumbing fixtures, new electric service and upgrading of over 60% of wiring to meet code. New interior finishes.

    1987 Entire roof replaced with rubber membrane roofing.

    1992 Major remodeling of lower level retail space. Included insulation of exterior walls, new heating and air conditioning units, new bathrooms and plumbing fixtures, new electric services and upgrading of all wiring to meet code. New interior finishes and lighting fixtures. Each retail space on the main floor has its own HVAC system and is separately metered for electricity.

    1993 New energy efficient gas fired boiler installed to heat upstairs offices

    2007 Offices 1, 2, 5, 6 & 7 remodeled and re-carpeted for Appalachian Mountain Advocates. Included ceiling fans and new light fixtures

    2009 Offices 10 & 100 repainted and re-carpeted for CASA. New light fixtures.

    2009 Remodeling and new carpet in the offices of Moreland and Moreland (rooms 14-18).

    2012 Remodel and re-carpet office 13 for Appalachian Mountain Advocates

  • LOCAL AREA & RECREATION

    Historic Lewisburg has the charm of a small town and all the amenities of a larger city. Designated the Coolest Small Town in America in 2011, fine dining, arts and entertainment flourish in the Lewisburg area while big box stores like Walmart and Lowes are also available along with the Greenbrier Valley Medical Center and other medical services.

    Lewisburg is also home to Carnegie Hall, Greenbrier Valley Theatre, the WV School of Osteopathic Medicine, a community college, and is the county seat for Greenbrier County.

    The Greenbrier Valley Airport with daily flights to Atlanta and Washington, DC is located just a 10 minutes north of downtown Lewisburg.

    The world famous Greenbrier Resort is within a 15-minute drive as well.

    Within an hour to two hour drive are located some of the finest recreational facilities in West Virginia. Snowshoe Ski Resort, whitewater rafting / fishing on the Greenbrier, New River and Gauley River, 2000 acre Bluestone Lake, 919,000 acre Monongahela National Forest and the 80,000 acre New River National Gorge National Park. Five other area state parks and state forests offer unlimited hiking, horseback riding, ATV riding and rock climbing opportunities.

  • TAXES, DEED, LEGAL INFORMATION

    Greenbrier County
    Lewisburg Corporation
    Map 20
    Parcels 77 and 78
    Deed Book 371
    Page 506

    Taxes 2013: $3,768.32

  • ZONING

    This property lays in the Lewisburg Historic District and subject to specific city code. Please consult Lewisburg’s Historic Landmark Commission with questions.

    Please call the office for a guided tour of this fantastic property.

  • DIRECTIONS

    From the intersection of Jefferson St & Washington St {US 219 and US 60} in downtown Lewisburg, proceed East on Washington St for ¾ block to property on the right.

City:
Lewisburg
Property Status:
sold
Property Type:
Commercial
Renting or Buying:
Buy

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