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Informations principales sur l'investissement
- Coal Exchange Building at 401 11th Street presents a multifaceted repurposing opportunity of a renowned, historic office building.
- Approval has been granted for the end use of a 140-unit Extended Stay Residence Inn by Marriott, as well as a plethora of other options.
- Blocks from the Marshall University campus, where 77% of students live off campus, creating immediate demand for student housing redevelopment.
- Ideally located in Huntington’s Opportunity Zone, supporting the redevelopment of the historically registered building via feasible tax incentives.
- Flexible zoning, local government support, and two leased buildings are additional benefits of this offering.
Résumé analytique
Tours are available by appointment only. Please contact Curt Starr with NAI Burns Scalo to schedule.
The Coal Exchange Building is an adaptive reuse opportunity featuring a vacant office tower located in the heart of Huntington’s Central Business District (CBD), within a federally designated Opportunity Zone. Also included in this offering are the adjacent office building at 419 11th Street (±4,700 square feet) and the retail building at 411-417 11th Street (±2,400 square feet).
Constructed in 1925, this historic 14-story Art Deco building retains many original architectural features, including its exterior façade, decorative door hardware, interior moldings, and original mail drop. The building boasts expansive windows throughout, providing abundant natural light and panoramic city views. The property was originally home to The Coal Exchange Bank and the Chesapeake & Ohio Railway, underscoring its historic and civic significance.
Historic tax credits have been approved for the building, and there is strong potential for additional financing incentives, including New Markets Tax Credits, brownfield incentives, and other state-funded programs, depending on the proposed end use.
The property is located in busy Downtown Huntington, blocks from Marshall University, across the street from the Robert C. Byrd Institute of Advanced Flexible Manufacturing (RCBI), and near Pullman Square, offering excellent proximity to retail, dining, entertainment, and institutional anchors. Marshall University is a public research institution and is home to West Virginia's only Cyber Security Institute and Aviation Program. The university enrolls an average of 13,200 students annually and sees large major enrollments in health, business management, and biological studies, providing a highly skilled workforce in the area. The university only requires a certain number of undergraduate students to occupy on-campus housing, with the majority of the growing student body generating demand for rental units in the immediate area.
Beyond the approved Extended Stay Residence Inn by Marriott plans, the Coal Exchange Building would also be ideal for student/affordable/ senior housing or mixed-use development. One block from the St. James Building, a very successful rehab building, with commercial space on the first floor and 50 upscale condominiums on the upper floors.
The Coal Exchange Building is an adaptive reuse opportunity featuring a vacant office tower located in the heart of Huntington’s Central Business District (CBD), within a federally designated Opportunity Zone. Also included in this offering are the adjacent office building at 419 11th Street (±4,700 square feet) and the retail building at 411-417 11th Street (±2,400 square feet).
Constructed in 1925, this historic 14-story Art Deco building retains many original architectural features, including its exterior façade, decorative door hardware, interior moldings, and original mail drop. The building boasts expansive windows throughout, providing abundant natural light and panoramic city views. The property was originally home to The Coal Exchange Bank and the Chesapeake & Ohio Railway, underscoring its historic and civic significance.
Historic tax credits have been approved for the building, and there is strong potential for additional financing incentives, including New Markets Tax Credits, brownfield incentives, and other state-funded programs, depending on the proposed end use.
The property is located in busy Downtown Huntington, blocks from Marshall University, across the street from the Robert C. Byrd Institute of Advanced Flexible Manufacturing (RCBI), and near Pullman Square, offering excellent proximity to retail, dining, entertainment, and institutional anchors. Marshall University is a public research institution and is home to West Virginia's only Cyber Security Institute and Aviation Program. The university enrolls an average of 13,200 students annually and sees large major enrollments in health, business management, and biological studies, providing a highly skilled workforce in the area. The university only requires a certain number of undergraduate students to occupy on-campus housing, with the majority of the growing student body generating demand for rental units in the immediate area.
Beyond the approved Extended Stay Residence Inn by Marriott plans, the Coal Exchange Building would also be ideal for student/affordable/ senior housing or mixed-use development. One block from the St. James Building, a very successful rehab building, with commercial space on the first floor and 50 upscale condominiums on the upper floors.
Mémorandum d’information Cliquez ici pour accéder à
Data room Cliquez ici pour accéder à
- Offering Memorandum
- Plans
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Informations sur l’immeuble
| Condition de vente | Vente aux enchères | Nb de biens | 3 |
| Type de propriété | Pleine propriété | Surface totale de l’immeuble | 11 736 m² |
| Type de vente | Investissement | Surface totale du terrain | 0,32 ha |
| Statut | Actif |
| Condition de vente | Vente aux enchères |
| Type de propriété | Pleine propriété |
| Type de vente | Investissement |
| Statut | Actif |
| Nb de biens | 3 |
| Surface totale de l’immeuble | 11 736 m² |
| Surface totale du terrain | 0,32 ha |
Biens
| Nom du bien/adresse | Type de bien | Surface | Année de construction |
|---|---|---|---|
|
Coal Exchange Building
401 11th St, Huntington, WV 25701 |
Bureau | 11 148 m² | 1925 |
| 419 11th St, Huntington, WV 25701 | Bureau | 388 m² | 1925 |
| 411-417 11th St, Huntington, WV 25701 | Local commercial | 200 m² | 1925 |
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À propos de la technologie des enchères
Les enchères de Ten-X reposent sur une technologie de pointe pour les transactions en ligne dans le secteur de l’immobilier d’entreprise, ayant généré un total de plus de 34 milliards de dollars de transactions. Grâce à l’utilisation de cette technologie avancée et d’informations sur les actifs en temps réel, Ten-X positionne au mieux vos annonces pour trouver l’acquéreur idéal. Avec un processus d’enchères très rapide, une due diligence complète et la vérification des acquéreurs, les transactions sont conclues deux fois plus vite et avec deux fois plus de fiabilité pour les brokers, les propriétaires et les investisseurs.
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Contact pour les enchères
Victoria Quade
Contact
Licence du commissaire-priseur :
Ten-X Arlene Richardson RE Brkr WVB210300753 Ten-X, LLC Auction Firm Arlene Richardson Auctioneer 2446
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Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
Frais de transaction 3 %
Basés sur le montant de l’enchère gagnante
Frais de transaction minimaux
20 000 $ USD
Frais de transaction maximaux
300 000 $ USD
Exemple de calcul
Montant de l’enchère gagnante
5 000 000 $ USD
Frais de transaction
150 000 $ USD (3 %)
Prix d’achat total
5 150 000 $ USD
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Présenté par
Historic Redevelopment Near University
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Présenté par
Historic Redevelopment Near University
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