Northside Investments, LLC
J. Steven Ferguson, CPA
Managing Member
800 North Side Drive, Suite 27
Summersville, WV 26651
(304) 872-4841 ext. 106
Former Wal Mart Property – Northside Development
820 North Side Drive
Summersville, WV 26651
THIS PROPERTY IS AVAILABLE FOR SUDIVISION, BUILDING OR LAND LEASE, BUILD TO SUIT, OR PURCHASE.
The subject property is a commercial building originally constructed for and leased to Wal-Mart, containing 65,930 square feet of gross leasable area. The building and improvements were constructed in 1989 and continue to be leased to Wal-Mart until the lease expires on January 31, 2017. The site area is a 8.87 acre portion of the North Side Land Corporation tract. North Side Land Corporation was merged into Blue Chip Management, LLC by Confirmatory Deed of Merger dated September 30, 2000 recorded in the Nicholas County Clerk’s Office in Deed Book 399 at Page 561. The property was repurchased from 5630 Sheridan Limited Partnership by Northside Investments, LLC on April 9, 2015. Northside Investments, LLC is a related entity to Blue Chip Management, LLC through certain common ownership. The subject property is currently assessed in the name of 5630 Sheridan Limited Partnership and is identified in the Summersville Corp. Tax District of Nicholas County on Tax Map 32 as Parcel 1.3. The property is ABOVE the 100 year flood elevation as shown of Federal Emergency Management Agency Flood Insurance Rate Map for Nicholas County, Community Panel 54067C0250C dated July 4, 2011. The property is within the City of Summersville corporate limits and is zoned C-3 commercial use of the property.
The subject property was a Wal-Mart store and is considered a “big box” discount store. The following is a description of the building and site:
EXTERIOR:
Structure: Masonry and steel
Foundation: Masonry
Walls: Split Block
Roof: Flat – Rubber
INTERIOR:
Walls: Block
Ceilings: Suspended tile
Floors: Vinyl tile
Lighting: Fluorescent
Windows: Storefront
HVAC:
Roof mounted central heating and air conditioning
SITE IMPROVEMENTS:
Wet sprinkler system; asphalt parking and landscaping
UTILITIES/SERVICES:
Water/Sewage: City of Summersville
Natural Gas: Dominion Gas
Electricity: First Energy
Telephone: Frontier Communications