Commercial real estate in West Virginia can be a profitable investment venture. Commercial real estate properties have the potential to make considerably more income than an outgoing mortgage loan expense. However, before investing in West Virginia commercial property for sale, it is important to conduct a commercial property analysis.

If you have never invested in West Virginia office space or commercial buildings, obtain the services of a reputable West Virginia commercial real estate firm. Commercial Realtors in West Virginia have the knowledge and experience to guide you through the intricacies of a successful commercial real estate transaction.

Before purchasing commercial property in WV, be sure to spend time researching the following:

1. Where is the best location to invest in properties for commercial rental in West Virginia?

2. What type of West Virginia commercial property is a good fit for your finances, time, skills and investment portfolio?

3. What is the estimated income generated from a West Virginia commercial property lease?

Action Steps
The best contacts and resources to help you get it done

Purchase commercial real estate in West Virginia located in areas of economic growth

The saying 'location, location, location' is key for commercial real estate property investments. Where the commercial real estate property is located will directly affect the property's income. Research the commercial real estate property's accessibility to major roads, area crime statistics, neighborhood appearance and local economic growth.

I recommend: Use a map to search for specific locations of commerical buildings in West Virginia and Virginia at RE/MAX 1st Realty. Get information about Ellenboro, WV, including history, climate, amenities, recreation and resource links at United Country Real Estate. Search for vacation investment properties in Canaan Valley, WV at Canaan Realty.

Invest in WV commercial property that best matches your available resources

There are several different types of commercial real estate property types: hospitality, industrial, office, retail, multi-family and land. When determining what type of commercial real estate property to purchase, evaluate your available resources, including your skills, abilities, time and finances. You may have the money to purchase a large retail property, but don't have the time to work with dozens of tenants; so analyze your resources before making a West Virginia commercial real estate purchase.

I recommend: J. S Walker Associates, Realtors provides services for commercial sales and leasing, vacant ground/lot sales, construction, lake properties and property management and appraisal. Search for commercial properties including campgrounds, retail, farm, land, industrial, investment, lot or office space in West Virginia at West Virginia Virtual Agent Network.

Buy commercial property WV real estate that will generate a high return on investment

Carefully calculate the amount of money you project to make each month from your commercial properties West Virginia investment. Keep in mind that in order to turn a profit, you will need to make more from tenants than your monthly mortgage payment. Analyze other nearby commercial real estate properties to determine their success in renting space and retaining tenants.

I recommend: Review prices for rural tracts of land in the Appalachian mountains of Southern West Virginia ideal for residential or investment purposes at WV Mountain Properties. Find property in your price range using the minimum and maximum price property search tool at Real Prospex. Research recently closed commercial properties at The Hawthorne Group.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Commercial real estate in West Virginia is expensive, especially considering the large down payment usually required, closing costs and insurance fees. Don't forget to plan for property taxes, which can add thousands of dollars to your expenses depending on the city and state tax codes. Research local tax incentives and estimate your annual taxes before purchasing commercial buildings for sale WV.
• •  To maximize your profits, purchase foreclosed WV commercial property for sale, which is usually sold below market price. Before purchasing foreclosed commercial properties, make sure the properties are structurally sound and well maintained.