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2-7 Mountain View Street

2 Properties Offered at £843,145 in Petersburg, WV

Investment Highlights

  • Prominent Signage
  • National Tenant
  • Fully Leased
  • Large Paved Parking Lot

Executive Summary

Black Diamond Realty is pleased to present to qualified buyers, the Mountain View Street Portfolio. This investment opportunity includes
two fully leased retail/office buildings containing a total of 19,400 (+/-) square feet. 2 Mountain View Street is home to the national tenant,
Dollar General and 7 Mountain View Street is home to the mental health clinic, Potomac Highlands Guild.
The property is located inside the city limits of Petersburg, WV. Along Virginia Avenue, there is an average daily traffic count of 6,244 vehicles per day (provided by Esri and Data Axle, 2024).
2 Mountain View Street
This building is currently leased to Dollar General through Summer of 2028. 2 Mountain View Street is an all brick one story building. This building provides a total of 13,000 (+/-) square feet. In 2018 the parking lot next to this building was resurfaced with new asphalt. The building to street sewer line was replaced in 2023. The gravel roof was replaced in 2006. The building features an overhead door on the side of the building that opens to the parking lot.
7 Mountain View Street
This building is currently leased to Potomac Highlands Guild, a mental health clinic, through Spring of 2036. This is a two story building. There is 3,200 (+/-) square feet on the main level, and 3,200 (+/-) square feet on the upper level, total of 6,400 (+/-) square feet This building does have fire alarms and exit signs with safety lights. The upper level includes updated LVT flooring, mini split systems for heating and air. The roof was replaced in 2017 with a warranty 15.5 years (transferable to buyer with proper notification and unspecified fee).
The HVAC was replaced in 2022-2023.

Property Facts

Price £843,145
Price / SF £51.82 / SF
Net Initial Yield 7.79%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 16,270 SF
Total Land Area 12.26 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Dollar General
2 Mountain View St, Petersburg, WV 26847
Retail 13,070 SF - -
7 Mountain View St, Petersburg, WV 26847 Health Care 3,200 SF 1966 -
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  • Listing ID: 33365699

  • Date on Market: 01/10/2024

  • Last Updated:

  • Address: 2-7 Mountain View Street, Petersburg, WV

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