3779 Lochgelly Rd $650,000

THE NEW RIVER COMPANY BUILDING
Historic Commercial Redevelopment Opportunity in the New River Gorge Region
3779 Lochgelly Road, Lochgelly, West Virginia 25866**
Offered for Sale or Lease
Owner Financing Possibilities Exist

A LANDMARK PROPERTY WITH A NEW FUTURE

Opportunity and history come together at the New River Company Building, a substantial three-story commercial property located near Oak Hill, Fayetteville, Beckley, and the New River Gorge National Park and Preserve.

Originally constructed in 1939 as the New River Coal Company Store, this landmark building has served the community for generations. Today, its approximately 12,600 square feet of interior space, multiple entrances, elevator service, abundant parking, and commercial zoning. Rather than being limited to one particular type of business, this property should be viewed as a flexible redevelopment platform suitable for numerous commercial, residential, institutional, hospitality, educational, ministry, and community-oriented uses.
IMAGINE THE POSSIBILITIES
The size, layout, history, accessibility, and location of the New River Company Building make it worthy of consideration for a wide variety of uses, subject to applicable governmental approvals.
Potential uses may include:
Historic downtown or community redevelopment project
Professional office center
Government or public agency offices
Educational or workforce training center
Assisted living or adult day facility
Church, ministry, or denominational headquarters
Non-profit organization headquarters
Mixed-use redevelopment
Upper-floor apartments or lofts with commercial space below
Artisan marketplace
Business incubator or entrepreneurial center
Boutique hotel
Hostel or group lodging facility
Adventure tourism headquarters
Outdoor outfitter offices
Climbing, rafting, hiking, or recreation center
Retail and office combination
Multi-tenant commercial building
Community or cultural center
The building's former professional and medical configurations demonstrate its adaptability, but its potential extends far beyond its previous use.
BUILT TO ENDURE -- READY TO BE REIMAGINED
The New River Company Building has a commanding presence.
Its brick and block construction, substantial scale, covered front porch, stately columns, three full levels, and long history make it unlike many ordinary commercial properties.
Important features include:
Approximately 12,600 square feet
Three full levels
Elevator access serving all floors
Multiple exterior entrances
Approximately 40 paved private parking spaces
Multiple electric and gas meters
Modern metal roof
Recently upgraded freshwater plumbing
Public water and sewer
Natural gas
Electricity
Telephone and high-speed internet availability
Commercial zoning
Approximately two acres, more or less
Frontage on Lochgelly Road and Pemberton Road
Additional frontage along Robinson Lane
Property located outside Oak Hill city limits
Not located in a designated flood zone
Easy access to US Route 19
The multiple entrances and separate utility meters may be particularly attractive to an investor considering a multi-tenant configuration, phased redevelopment, or a combination of uses.
A PROPERTY WITH A STORY
This is not simply another commercial building.
The property is closely connected to the industrial heritage of Fayette County and the communities created during West Virginia's coal era.
The original Lochgelly company store was destroyed by fire in 1925. In 1939, the New River Coal Company constructed the building that stands today to serve miners and their families.
For decades, the building served as an important center of community activity. It was later converted for professional use and continued serving residents of the region.
That history provides something that cannot be recreated with new construction:
identity, character, recognition, and a genuine connection to the history of southern West Virginia.
For a developer interested in historic adaptive reuse, hospitality, tourism, offices, residential conversion, institutional use, or a destination-oriented business, the story of the building itself can become part of the project's brand.
IN THE HEART OF THE NEW RIVER GORGE REGION
One of the property's greatest strengths is its location.
The New River Company Building is situated in Lochgelly near Oak Hill and only a short distance from the US Route 19 Expressway, providing convenient access throughout Fayette and Raleigh counties.
The surrounding New River Gorge region has evolved from its historic dependence upon coal and industry into one of West Virginia's leading destinations for outdoor recreation and tourism.
Nearby attractions and destinations include:
New River Gorge National Park and Preserve
New River Gorge Bridge
Historic Fayetteville
Oak Hill
Beckley
Summit Bechtel Reserve
Whitewater rafting on the New and Gauley rivers
Rock climbing
Hiking and biking trails
Adventure resorts
Plum Orchard Lake Wildlife Management Area
Beury Mountain Wildlife Management Area
Summersville Lake
Winterplace Ski Resort
The New River Gorge National Park and Preserve attracts millions of visitors to the region, creating opportunities for businesses and developments connected to lodging, recreation, tourism, food, retail, training, events, offices, and visitor services.
ACCESS THAT CONNECTS THE REGION
The property is conveniently positioned near several of southern West Virginia's primary transportation corridors.
Approximate travel times include:
5 minutes to Oak Hill
5 miles to Summit Bechtel Reserve
4.5 miles to the national park boundary
10 minutes to Mount Hope
15 minutes to Fayetteville
15 minutes to the New River Gorge Bridge
15 minutes to Beckley
15 minutes to Interstate 64/77 at North Beckley
30 minutes to Summersville Lake
35 minutes to Winterplace Ski Resort
55 minutes to Charleston
US Route 19 is fewer than two miles from the property, while Interstate 64 and Interstate 77 are readily accessible near Beckley.
This central location allows a business or organization to serve not simply Lochgelly, but the larger Oak Hill-Fayetteville-Beckley-New River Gorge market.
A MULTI-TENANT OPPORTUNITY
The building's three-story configuration, elevator, multiple entrances, parking, and separate utility meters create intriguing possibilities for a buyer who does not need all 12,600 square feet for a single operation.
A redevelopment concept could potentially divide the building into several complementary uses.
For example:
Upper Floors
Residential lofts, apartments, professional offices, classrooms, organizational headquarters, lodging, studios, or private workspaces.
Main Level
Retail, professional offices, visitor services, restaurant or café concepts, an artisan marketplace, training facilities, event space, or community-oriented commercial uses.
Lower Level
Business incubator space, offices, workshops, storage, recreation-related operations, classrooms, organizational space, or support facilities.
Any change in use would, of course, remain subject to applicable zoning, building, fire, accessibility, health department, and other governmental requirements.
A POTENTIAL HOME FOR ENTREPRENEURS AND ORGANIZATIONS
The New River Company Building could also appeal to organizations seeking substantial space at a cost that may be difficult to duplicate through new construction.
Potential occupants could include:
Regional businesses
Government agencies
Educational institutions
Workforce development organizations
Churches and ministries
Veterans organizations
Non-profit organizations
Community service organizations
Outdoor recreation companies
Tourism businesses
Developers
Artists and craftspeople
Entrepreneurs
Professional service firms
A business incubator or shared-office concept could take advantage of the building's size by accommodating multiple small businesses under one roof.
An artisan or Appalachian marketplace could similarly provide individual spaces for craftspeople, specialty retailers, local food producers, artists, and tourism-related businesses.
HISTORIC ADAPTIVE REUSE POTENTIAL
Buyers interested in redevelopment should investigate whether their proposed project may qualify for applicable programs connected with:
Historic preservation
Economic development
Appalachian Regional Commission initiatives
Tourism development
Workforce development
Community redevelopment
Housing development
Small-business development
New River Gorge regional investment
Eligibility for grants, tax credits, loans, or incentive programs will depend upon the project, ownership structure, historic status, proposed use, and requirements of the individual program. Prospective purchasers should independently investigate currently available programs.
OWNER FINANCING POSSIBILITIES
Owner financing possibilities exist for qualified purchasers.
This could provide an additional avenue for investors, entrepreneurs, organizations, or developers considering an adaptive reuse project who may prefer an alternative to conventional commercial financing.
Terms would be subject to negotiation and seller approval.
AN OPPORTUNITY TO CREATE SOMETHING NEW
Properties such as the New River Company Building are becoming increasingly difficult to duplicate.
It combines:
History.
Scale.
Character.
Parking.
Accessibility.
Infrastructure.
Flexible space.
Regional identity.
New River Gorge proximity.
The question is no longer simply, "What was this building used for'"
The more important question is:
"What could this building become'"
For the entrepreneur, investor, developer, organization, ministry, educator, tourism operator, or visionary buyer willing to look beyond conventional commercial space, the New River Company Building offers an opportunity to transform an important piece of Fayette County history into a property serving the region for another generation.

This listing is provided courtesy by Foxfire Realty