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$420,000 (USD)
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Rainelle Area Condominium

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771 Main St Street Rainelle, WV 25962

8 Bed
5 Baths
12000 sqft
MLS# 26-356
3 level commercial + residential building appx 12000sqft 33 rooms in main facility including 4 residential apartments 870sqft with 2 BR 1 BA laundry room and linen closet, open concept LR, DR and KITCHEN, some units ADA shower and some with standard shower/tub Partial updates on units including 2 with floating floors, vinyl and new bathroom fixtures, water heaters, 1 unit with wall water heater unit(#4)total of 5 BA with shower on main floor as well. Each apartment unit equipped with HVAC forced air heating and cooling Main floor has 3 entrances for storefront and maintenance rooms. Fire escape on the 3rd floor with steel structure and covered roof Security bars installed in the apartment entrance hallway partial. Click more but multiple windows for safetySeparate parking area for tenants with 2 spots per apartment unit.Chain link fencing surrounds the main facility but needs completed (components to finish fencing convey) 2 separate entrances with commercial chain link double drive gates.
Currently fully occupied 4 apartments,+1 store and additional storage rentals (3)
Roof age appx 30yrs, metal roof on other buildings=10-25yrs
Water meter by side mailbox at corner
Main water shut off on 2nd floor at back wall
2nd floor generally used for extra storage or workshop

Several opportunities exist for this facility including recreation, business, storage facility, indoor and outdoor storefront with additional side bays and separate commercial garage with 220v electricity, both open and closed bays for additional storage or income. (metal roof and metal studs construction on all side bays and garage)
40% road frontage and visibility 20% waterfront and visibility
Separate open face shed, 4 aggregate bays, 2 electrical connection opportunities throughout the property
All 4 apartments have a separate electrical meter
Main meter runs upstairs hallway and other levels of operation
1 water and sewer meter runs the entire facility including apartments
Property borders a tributary for the Meadow River and has camping access, borders the Rainelle Town Park with a track and baseball fields and has a put-in and take-out area available behind facility appx 600 yards from back entrance.
Meadow River Trailhead is blocks away as is the Rainelle Public Pool, library and shopping
Listing Courtesy of GREENBRIER VALLEY / Coldwell Banker Stuart And Watts Real Estate / Dena Smith