• 3818 MACCORKLE AVENUE SE
    CHARLESTON, WV 25304
Commercial Real Estate Services

Absolute Auction | Vacant Big-Box Retail 539 Valley Dr 79,879 SF Vacant Retail Building Online Auction Sale Oceana, WV 24870

539-Valley-Dr-Oceana-WV-Building-Photo-1-HighDefinition

INVESTMENT HIGHLIGHTS

  • 539 Valley Drive presents an immense opportunity to acquire a 79,879-square-foot retail property in Oceana, West Virginia.
  • Immense value-add potential through the lease-up of the asset or through owner/usership.
  • Prime location fronting Valley Drive, the area's primary commercial thoroughfare that sees over 5,000 vehicles per day.
  • Within an anchored shopping center that features daily needs stores such as Family Dollar and Goodson's Supermarket.
  • Offered to the market via an absolute auction and the first bid will meet the reserve.

EXECUTIVE SUMMARY

539 Valley Drive presents the market with a rare opportunity to acquire a flexible retail asset within a critical shopping center within Oceana, West Virginia. The building, which is currently vacant, is being offered to the market via an absolute auction. The first bid will meet the reserve, presenting the new owner with immense value-add upside through a strategic lease-up or owner/usership plan to maximize the retail space. The building totals 79,879 square feet of interior retail space and can accommodate a big-box store or could easily be subdivided to fit two large-footprint tenants. This offering includes four parcels totaling 4.5 acres with 200 surface parking spots, more than enough to meet a store's needs even at full capacity. 539 Valley Drive is in a premier location within the Oceana area. The building rests within a market-dominant retail center that serves as the centralized retail hub for the surrounding residential areas. The other tenants at this shopping center include Family Dollar, Rent-A-Center, Pizza Hut, and Goodson's Supermarket. Family Dollar and Goodson's serve as strong shadow-anchoring tenants that provide a constant stream of daily needs traffic to the immediate vicinity. Valley Drive provides over 5,000 vehicles passing by daily, creating a robust need for retail and a prominent signage opportunity. Meanwhile, the 10-mile radius demographics include a population of over 15,000 people who earn $60,000 a year per household. Overall, this population spent $147 million over the past 12 months, creating a large market that new ownership can tap into. Do not miss the opportunity to acquire this market-dominant retail asset, which is being offered to the market via an absolute auction. Property tours are available by appointment only. Please contact the broker to schedule.

DATA ROOM

Click Here to Access
  • Operating and Financial Statements
  • Purchase Agreement
  • Miscellaneous
  • Title

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Storefront
Building Size
79,879 SF
Building Class
C
Year Built
1985
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.41
Lot Size
4.50 AC
Zoning
PUD - General Commercial
Parking
200 Spaces (2.62 Spaces per 1,000 SF Leased)
Frontage
327’ on Valley Drive

AMENITIES

  • Storage Space
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 79,879 SF
  • Retail
  • -
  • Now
Space Size Space Use Position Available
1st Floor 79,879 SF Retail - Now

1st Floor

Size
79,879 SF
Space Use
Retail
Position
-
Available
Now
1 of 7
 
539 Valley Dr, Oceana, WV - AERIAL map view - Image1
539 Valley Dr, Oceana, WV - AERIAL map view - Image2
539 Valley Dr, Oceana, WV - AERIAL map view - Image3
539 Valley Dr, Oceana, WV - AERIAL map view - Image4
539 Valley Dr, Oceana, WV - AERIAL map view - Image5

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
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19","Values":[180,432,1122]},{"Label":"20 - 29","Values":[71,190,512]},{"Label":"30 - 39","Values":[73,175,456]},{"Label":"40 - 49","Values":[94,227,584]},{"Label":"50 - 64","Values":[155,374,978]},{"Label":"65+","Values":[183,453,1111]}],"ConsumerSpendingChartData":[{"Label":"Health Care","Values":[6.7,6.3,6.2,6.141781082897892]},{"Label":"Entertainment, Hobbies, Pets","Values":[17.8,17.3,17.1,13.10616182756025]},{"Label":"Food \u0026 Drink","Values":[28.6,28,27.9,31.248305973067858]},{"Label":"Household","Values":[16.4,15.7,15.5,15.207585872880649]},{"Label":"Transportation","Values":[22.2,23.8,24.4,25.380351721010204]},{"Label":"Apparel","Values":[5.3,5.1,5.1,5.1253967531976157]},{"Label":"EDUCATION","Values":[3.1,3.6,3.8,3.790416769385526]}],"EducationChartData":[{"Label":"Bachelor\u0027s +","Values":[7.3,12.4,11]},{"Label":"High School to associate\u0027s Degree","Values":[79.9,71.7,65.8]},{"Label":"Less than High School","Values":[12.7,15.9,23.2]}],"IncomeChartData":[{"Label":"0 $ - 35 k$","Values":[167,309,683,752]},{"Label":"35 k$ - 70 k$","Values":[65,223,681,547]},{"Label":"70 k$ - 100 k$","Values":[42,98,257,206]},{"Label":"100 k$+","Values":[36,129,286,328]}],"PopulationChartData":[{"Label":"Residents","Values":[756,1853,4761,4519]},{"Label":"Employees","Values":[666,968,1209,1641]}],"Title":null,"HouseholdText":"HOUSEHOLD INCOME","AgeText":"Age Distribution","AverageText":"Average","MedianText":"Median","PopulationText":"ABSOLUTE POPULATION","TotalText":"Total","EducationText":"EDUCATIONAL ATTAINMENT","BachelorPlusText":"Bachelor\u0027s +","ConsumerSpendingText":"CONSUMER SPENDING"};

ABSOLUTE POPULATION

Residents53.2%Employees46.8%
Type Count
Residents 756
Employees 666
1,422
Total

HOUSEHOLD INCOME

0 $ - 35 k$53.9%35 k$ - 70k$21%70 k$ - 100k$13.5%100 k$+11.6%
Income Thousand
0 $ - 35 k$ 167
35 k$ - 70 k$ 65
70 k$ - 100 k$ 42
100 k$+ 36
$29,166
Median

CONSUMER SPENDING

HealthCare6.7%Entertain…17.8%Food &Drink28.6%Household16.4%Transpor…22.2%Apparel5.3%EDUCATI…3.1%
Spending Percent
Health Care 6.7
Entertainment, Hobbies, Pets 17.8
Food & Drink 28.6
Household 16.4
Transportation 22.2
Apparel 5.3
EDUCATION 3.1
$7.4M
1 Mile
3 Mile
5 Mile
2024 Population
756
1,853
4,761
2020 Population
681
1,906
5,198
2029 Population
745
1,779
4,513
2024-2029 Projected Population Growth
-1.5%
-4.0%
-5.2%
Daytime Employees
666
968
1,209
Total Businesses
92
123
161
Average Household Income
$48,256
$55,497
$60,170
Median Household Income
$29,166
$46,562
$48,444
Total Consumer Spending
$7.4M
$19.5M
$50.2M
Median Age
45.3
45.7
45.2
2024 Households
310
760
1,907
Percent College Degree or Above
8%
11%
8%
Average Home Value
$71,245
$96,989
$108,562
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PROPERTY TAXES

Parcel Numbers
Multiple
 
  • 08-15-00050006
  • 08-15-00050007
  • 08-15-00050002
  • 08-15-00050005
 Improvements Assessment $614,520
Land Assessment $82,350 Total Assessment $696,870

SALE ADVISOR

SALE ADVISOR

 
 
+1 304-840-1781
Contact
Quintie Smith, Member/Owner-Associate Broker
+1 304-840-1781
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. 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

Emily Walper
+1 949-608-0435
Auctioneer License: Ten-X Arlene Richardson RE Brkr WVB210300753 Ten-X, LLC Auction Firm Arlene Richardson Auctioneer 2446
Auction FAQ's

Walk Score

Property Type

For Lease

Status

Available

Listing Agent

Quintie Smith - Commercial Real Estate Sales * Leasing

Email

insv@aol.com

Phone

304-840-1781
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View Full Property Details

Realcorp, LLC combines many years of experience in specialized areas of expertise to offer superior services to our clients. Every Realcorp, LLC agent performs the necessary steps to take care of our clients’ needs, concerns, and goals. Realcorp, LLC knows each property is unique and requires a custom solution in order to achieve success.

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