229 W Main St Clarksburg, WV - Value-Add Investment | Downtown CBD - Office Building For Sale - Online Auction Sale - RealCorpInc.com

229 W Main St Clarksburg, WV – Value-Add Investment | Downtown CBD – Office Building – Online Auction – For Sale – RealCorpInc.com

Investment Highlights

  • 229 W Main Street offers over 145,000 SF of luxury office space in the heart of the Clarksburg Business District.
  • Well-maintained 13-story building with open office space, large windows, conference rooms, two elevators, and a newly renovated parking facility.
  • Located in a highly sought-after opportunity zone providing potential tax incentives.
  • Versatile owner/user opportunity or potential upside opportunity from leasing vacant, move-in-ready office space.
  • Follows the classical tripartite architecture scheme with a Doric base, unadorned middle floors, and a large terra-cotta cornice.
  • Walking distance from the Harrison County Courthouse, the new DMV, Clarksburg City Building, local restaurants, and retail.

Executive Summary

The Chase Building offers more than 145,000 square feet of luxury office space in the heart of the Clarksburg Business District and in a highly sought-after opportunity zone providing potential tax incentives. This property is a versatile owner/user opportunity or possible value-add opportunity from leasing vacant, move-in-ready office space.
Clarksburg’s tallest building with 13-stories provides current and future tenants with sizeable open floor space, large windows that offer plenty of natural light, conference rooms, two elevators, a spacious, well-lit lobby, and ample onsite parking. Its façade follows the classical tripartite architecture scheme with a Doric base, unadorned middle floors, and a prominent terra-cotta cornice. Its prime location on Main Street gives the property optimal visibility with over 7,000 vehicles per day and plenty of foot traffic to nearby local restaurants, retail, Harrison County Courthouse, and other public buildings.
Located in Harrison County, Clarksburg benefits from a well-educated workforce from local universities such as Salem, West Virginia University, Alderson Broaddus, and Pierpont Community and Technical College, attracting national aerospace and tech companies. As the state’s high-tech corridor, Clarksburg houses national companies such as Lockheed Martin, Pratt & Whitney, Boeing Company, and more. Being close to Route 50 and I-79 and 20-minutes from the North Central West Virginia Airport makes the property accessible to local traffic and national business travel. Well maintained and with incredible accessibility, the Chase Building is a prime investment opportunity for any potential buyer.
Property tours are available by appointment only. Please contact the broker to schedule.

Offering Memorandum Click Here to Access

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Office
Building Size
145,205 SF
Building Class
B
Year Built
1910
Percent Leased
37%
Tenancy
Multiple
Building Height
13 Stories
Typical Floor Size
11,173 SF
Slab To Slab
11’
Building FAR
9.26
Land Acres
0.36 AC
Opportunity Zone
Yes
Zoning
Central Business
Parking
100 Spaces (0.69 Spaces per 1,000 SF Leased)

Amenities

  • Natural Light
  • Outdoor Seating

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Fl-Ste Hotel Building
  • 6,607 SF
  • Office
  • -
  • Now
  • 3rd Fl-Ste Bank Building
  • 2,992 SF
  • Office
  • Partial Build-Out
  • Now
  • 3rd Fl-Ste Hotel Building
  • 3,000 SF
  • Office
  • Full Build-Out
  • 30 Days
  • 3rd Fl-Ste Prunty Building
  • 6,953 SF
  • Office
  • -
  • Now
  • 5th Fl-Ste Bank Building
  • 3,032 SF
  • Office
  • -
  • Now
  • 6th Fl-Ste 600
  • 6,708 SF
  • Office
  • Full Build-Out
  • Now

Contact agent for details.

  • 7th Fl-Ste Hotel Building
  • 4,936 SF
  • Office
  • -
  • Now
  • 7th Fl-Ste Prunty Building
  • 6,050 SF
  • Office
  • -
  • Now
  • 8th Fl-Ste Bank Building
  • 3,405 SF
  • Office
  • -
  • Now
  • 9th Fl-Ste Bank Building
  • 3,344 SF
  • Office
  • -
  • Now
  • 9th Fl-Ste Hotel Building
  • 3,055 SF
  • Office
  • -
  • Now
  • 10th Fl-Ste Bank Building
  • 3,411 SF
  • Office
  • -
  • Now
  • 11th Fl-Ste Hotel Building
  • 1,000 SF
  • Office
  • -
  • Now
Space Size Space Use Condition Available
2nd Fl-Ste Hotel Building 6,607 SF Office - Now
3rd Fl-Ste Bank Building 2,992 SF Office Partial Build-Out Now
3rd Fl-Ste Hotel Building 3,000 SF Office Full Build-Out 30 Days
3rd Fl-Ste Prunty Building 6,953 SF Office - Now
5th Fl-Ste Bank Building 3,032 SF Office - Now
6th Fl-Ste 600 6,708 SF Office Full Build-Out Now
7th Fl-Ste Hotel Building 4,936 SF Office - Now
7th Fl-Ste Prunty Building 6,050 SF Office - Now
8th Fl-Ste Bank Building 3,405 SF Office - Now
9th Fl-Ste Bank Building 3,344 SF Office - Now
9th Fl-Ste Hotel Building 3,055 SF Office - Now
10th Fl-Ste Bank Building 3,411 SF Office - Now
11th Fl-Ste Hotel Building 1,000 SF Office - Now

2nd Fl-Ste Hotel Building

Size
6,607 SF
Space Use
Office
Condition
-
Available
Now

3rd Fl-Ste Bank Building

Size
2,992 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

3rd Fl-Ste Hotel Building

Size
3,000 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

3rd Fl-Ste Prunty Building

Size
6,953 SF
Space Use
Office
Condition
-
Available
Now

5th Fl-Ste Bank Building

Size
3,032 SF
Space Use
Office
Condition
-
Available
Now

6th Fl-Ste 600

Size
6,708 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

7th Fl-Ste Hotel Building

Size
4,936 SF
Space Use
Office
Condition
-
Available
Now

7th Fl-Ste Prunty Building

Size
6,050 SF
Space Use
Office
Condition
-
Available
Now

8th Fl-Ste Bank Building

Size
3,405 SF
Space Use
Office
Condition
-
Available
Now

9th Fl-Ste Bank Building

Size
3,344 SF
Space Use
Office
Condition
-
Available
Now

9th Fl-Ste Hotel Building

Size
3,055 SF
Space Use
Office
Condition
-
Available
Now

10th Fl-Ste Bank Building

Size
3,411 SF
Space Use
Office
Condition
-
Available
Now

11th Fl-Ste Hotel Building

Size
1,000 SF
Space Use
Office
Condition
-
Available
Now
Walk Score ®
Very Walkable (74)

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
To navigate, press the arrow keys.

Google
Map data ©2022
Map data ©2022
2 km 
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Household Income

$0 - $35K39.7%$35K - $70K32.2%$70K - $100K8.7%$100K+19.5%
IncomeThousand
$0 - $35K1,499
$35K - $70K1,215
$70K - $100K328
$100K+735
$44,824
Median

Absolute Population

Residents59.3%Employees40.7%
TypeCount
Residents8,518
Employees5,847
14,365
Total

Educational Attainment

Bachelor's +18.6%High School toassociate'sDegree69.5%Less than HighSchool11.9%
EducationPercent
Bachelor's +18.6
High School to associate's Degree69.4
Less than High School11.9
18.6%
Bachelor's +
1 Mile
3 Mile
5 Mile
2010 Population
9,140
26,226
39,182
2022 Population
8,518
24,719
37,598
Population Growth '10-'22
-6.8%
-5.8%
-4.0%
2010 Households
4,039
11,269
16,562
2022 Households
3,776
10,632
15,907
Household Growth '10-'22
-6.5%
-5.7%
-4.0%
Average Age
40
41
42
Median Household Income
$44,824
$46,406
$52,735
Daytime Employees
5,847
12,802
20,241
Total Businesses
610
1,374
2,232
College Degree + Higher
19%
17%
23%

Sale Advisor

Sale Advisor

304-840-1781 Contact
Quintie Smith, Member/Owner-Associate Broker
304-840-1781 Contact
Seventh-generation Charlestonian Quintie Smith has had a long pedigree in real estate. His family owns the Kanawha Roxalana Company – a one-hundred-year-old Real Estate Company in Charleston, WV and he was a top residential broker in Myrtle Beach, SC for ten years after a twenty-year career in the securities business. He is in his third year at Realcorp where he is a member/owner and Associate Broker. Mr. Smith participates in all phases of real estate transactions. Sales and leasing are his principal focus – he has a sophisticated network of buyers and dozens of prospective lessees. He is a former Board Member of the Charleston Civic Center, the EHS Alumni Board, and founding director of Capitol State Bank. Mr. Smith is the former Chairman of the EHS Sports Hall of Fame and the principal fundraiser for the Hot Rod Hundley statue at West Virginia University. He also was a delegate to the GOP National Committee in 2016. A graduate of Episcopal High School and Princeton University, Mr. Smith played football and participated in track at both institutions.

About the Auction Platform

Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
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Auction Contact

Andrea Delgado,
Asset Manager
Auctioneer License: Ten-X Arlene Richardson RE Brkr WVB210300753 Ten-X LLC Auction Firm Adrian Walters Auctioneer 2435

Walk Score

Property Type

For Sale

Status

Available

Listing Agent

229 W Main St Clarksburg, WV – Value-Add Investment | Downtown CBD – Office Building – Online Auction – For Sale – RealCorpInc.com

Email

insv@aol.com

Phone

304-840-1781