DESCRIPTION

117 East Washington St., Lewisburg

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.