Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    315 Straley Ave. Princeton, WV 24739

    View on Map
    For Sale
    $438,500

    COMMERCIAL - PRINCETON, WV

    Property size:
    2,334 SF
    Added:
    Mar 1, 2026
    Days on Market:
    30
    Last Refresh:
    Mar 31 at 9:06 pm

    Property Features for 315 Straley Ave.

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    1
    Rooms
    Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1
    Standard status
    Active
    APN
    0010/0388
    Size
    2,334 SF

    Building Details

    Year built
    1910

    We can help!

    Listing Contact
    JEFFREY DALTON

    Listing agent JEFFREY DALTON

    Listing office COLDWELL BANKER HENDRICK REAL ESTATE 409 Oakvale Rd, Princeton, WV

    Listing date Mar 1, 2026

    MLS# 55858

    Copyright © 2026 Mercer Tazewell Co BOR. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Princeton Commercial Property

    This circa-1910 commercial property is located in the heart of Downtown Princeton, at the highly visible gateway to Mercer Street. The property is well suited for restaurant, retail, office, event, or specialty use. Features include a commercial kitchen, ADA-approved bathrooms, State Fire Marshal approval, original hardwood floors, a welcoming foyer, meeting space, a gas fireplace, a covered patio with ceiling fans, and upstairs flex space. The property includes the main building and a prime street-front lot, along with an additional lot across the street with utilities in place, ideal for dedicated parking or future development. The property benefits from strong daily drive-by traffic and great curb appeal and is walkable to the Grassroots and Historic District. The building has 2334 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Linx Community Services Crisis Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Woodenhead Wine Food and Jazz — 943 Mercer St, Princeton, WV 24740

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Mercer
    State
    West Virginia
    Longitude
    -81.0890066
    Latitude
    37.3706449

    Nearby Similar for Sale

    • $800,000
      2,168 SF

      Restaurant and Convenience Store Opportunity

      Turn-key restaurant and convenience store with full kitchen.
      3377 Beckley Road, PRINCETON, WV 24740
      View Details
    • $249,900
      1,528 SF

      Versatile Commercial Property in Princeton

      Corner lot property ideal for business or new headquarters.
      200 Edgemont Dr, PRINCETON, WV 24740
      View Details
    • $3,500,000
      4,300 SF

      Versatile Venue with Lake and Lodging

      Reputable business with lake, lodging, and event hosting.
      377 Imperial Drive, PRINCETON, WV 24739
      View Details
    • $438,500
      2,334 SF

      Downtown Princeton Commercial Property

      Commercial property in downtown Princeton suitable for various uses.
      315 Straley Ave., PRINCETON, WV 24739
      View Details
    • $1,399,000
      39,000 SF

      Medical Professional Building For Sale

      Long-standing medical building with functional interior and ample parking.
      20 New Hope Road, PRINCETON, WV 24740
      View Details

    FAQs

    What type of property is this?
    Restaurant - Circa-1910 commercial property in Downtown Princeton, suitable for diverse uses.
    Where is this restaurant located?
    The property is located at 315 Straley Ave. Princeton, WV.
    What is the asking price?
    The asking price for this property is $438,500.
    What are key features of this property?
    This property features: Prime location in Downtown Princeton with high visibility and traffic.; Includes main building, street‑front lot, and additional lot with utilities.; Suited for diverse uses: restaurant, retail, office, event, or specialty.
    (304) 920-4127
    We can help!
    Listing Contact
    JEFFREY DALTON
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!