Supplements: 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 ... (Read more) 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.