Historic Redevelopment Near University 3 Inmuebles Venta de subasta en línea Huntington, WV

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.