St Albans Investment
218 3rd Avenue Saint Albans, WV 25177
218 3rd Avenue, Saint Albans, WV, 25177
$165,000
For Sale
$165,000
SINGLE_FAMILY - St Albans, WV
Property Size1,352 SF
Lot Size0.16 Acres
Price / SF$122.04
Days on Market76
Property Features for 218 3rd Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- 17-0001-0155-0000-0000
- Size
- 1,352 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- LTS 15-16 BK 19
- Tax Annual Amount
- 587
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Flooring type
- Hardwood, Vinyl
- Building materials
- Block, Drywall
- Roof type
- Composition, Shingle
Listing agency
Old Colony
(304) 757-3434
Listed by
Drema Davis · License #0020927
(304) 741-1400
Added: May 8 Updated: Jun 8 at 9:51PM Checked: Jul 22 at 6:06AM
MLS# 283390
Copyright © 2026 Kanawha Valley Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1.5-story building, situated in a desirable location next to Tim Hortons and State Farm, presents an investment opportunity. The property features 1352 square feet of space, including three bedrooms, a main level, and a loft upstairs. The property is being sold "As Is". A bus stop is conveniently located on 2nd Avenue. Zoned H-1, the property requires a special use permit from the city for residential status. Banks consider this property as commercial for loan purposes. The property is currently occupied and operating as a turn-key restaurant and catering service, complete with a 1.5 bath. The 0.16-acre lot is located in St Albans, WV.
Key Highlights
- 1.5‑story home/building with 3 bedrooms and 1.5 baths, 1,352 sq ft
- Being sold "As Is"; currently occupied as a restaurant and catering service
- Zoned H‑1; apply to city for special use permit for residential status (commercial conversion noted)
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.3k | $15.00 |
| − Vacancy | −$852 | −$0.63 |
| EGI | $19.4k | $14.37 |
| − OpEx | −$4.9k | −$3.59 |
| NOI | $14.6k | $10.78 |
1,352 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$208.2K
$182.1K – $242.9K
NOI $14,571 @ 7.0% cap · market cap 8.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$298.2K
$260.9K – $347.9K
NOI $20,871 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Restaurants
Similar For Sale Nearby
Similar Off Market Nearby
- The Violet Kitchen — 218 Third Ave, St Albans, WV 25177
FAQs
What type of property is this?
Restaurant - 1.5 story building in prime location, suitable for commercial use.
Where is this restaurant located?
The property is located at 218 3rd Avenue Saint Albans, WV.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: 1.5‑story home/building with 3 bedrooms and 1.5 baths, 1,352 sq ft; Being sold "As Is"; currently occupied as a restaurant and catering service; Zoned H‑1; apply to city for special use permit for residential status (commercial conversion noted)
