NAI Burns Scalo Selected to Market the Historic McLure Hotel and Apartments in Wheeling, WV
NAI Burns Scalo is pleased to announce its latest brokerage assignment in West Virginia: the historic McLure Hotel, located at 1200 Market Street in downtown Wheeling. Representing the property is Bryce Custer, SIOR, CCIM, whose expertise in commercial real estate throughout the Ohio River area positions him as a trusted leader for the project.
The McLure Hotel, a cornerstone of Wheeling’s downtown for nearly 170 years, offers an exceptional opportunity for adaptive reuse. With 173 hotel rooms, a 30-unit apartment building, and a seven-story, 220-space parking garage providing direct access to the hotel, the property’s structure offers flexibility for creative redevelopment. The grand lobby and common areas also lend themselves to attractive shared spaces for future residents, blending modern amenities with historical charm.
Since its opening on March 4, 1852, the McLure Hotel has played a vital role in Wheeling’s history, serving as a gathering place for the community and hosting numerous notable figures, including 11 U.S. presidents. Its prime location in the heart of downtown offers easy access to local businesses, cultural attractions, and other amenities. This central positioning makes it an ideal candidate for residential conversion, perfectly suited to meet the growing demand for urban living spaces.
“The McLure Hotel presents a rare and exciting opportunity for developers,” said Custer. “Converting this iconic property into apartments would not only address the growing need for housing in Wheeling’s downtown but also contribute to the revitalization of the city center.”
Adaptive reuse projects like this often offer developers practical advantages, including significant cost savings compared to new construction. By leveraging the existing structure, developers can create vibrant residential spaces while ensuring the preservation of the building’s history. For the McLure Hotel, this means giving new purpose to an iconic property that has long been a pillar of the community.
By taking on projects like the McLure Hotel, NAI Burns Scalo demonstrates its dedication to the betterment of West Virginia’s commercial real estate market as a whole. Having recently acquired exclusive territorial rights across the state, NAI Burns Scalo is proud to represent the NAI Global network by providing comprehensive commercial real estate services in West Virginia for years to come.
For more information about The McLure Hotel or to request an Offering Memorandum, contact Bryce Custer, CCIM, SIOR, at (330) 418-9287 or bcuster@naiburnsscalo.com.