Fairmont Restaurant Space For
For Sale
Contact for pricing
1111 Fairmont Avenue, Fairmont, WV 26554
Restaurant space with high visibility and outdoor seating area.
Property Size3,712 SF
Price / SF$160.29
Days on Market697
Property Features for 1111 Fairmont Avenue
General Information
Standard status
Active
Size
3,712 SF
Property subtype
Retail, Office
Building Details
Year Built
1951
Listing Agency:
Black Diamond Realty
Listed By:
David Lorenze, CCIM, SIOR, Principal & Associate Broker · License #WV0025501
Source:
Crexi
Added: Sep 3, 2024
Changed: Jul 6
Last Checked: Jul 30 at 2:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Black Diamond Realty
Investment Insights
Based on property information with market context.
This property offers an opportunity to own 3,712 square feet of restaurant space. The property is located on a corner lot, offering high visibility and easy access. The interior provides ample space for hosting events, parties, and large gatherings. A newer 48 x 22 rear deck provides an outdoor seating area. The sale includes two lots: one lot houses the restaurant, and the other is a dedicated parking area. The property is located inside the city limits of Fairmont and is within walking distance to many amenities. The building is positioned roughly 3 miles from I-79, Exit 136. Along Fairmont Avenue there is a daily traffic count of 12,468 vehicles per day.
Key Highlights
- High‑visibility corner lot location on Fairmont Avenue.
- Includes dedicated parking area.
- Expansive 3,712 (+\/-) sq ft restaurant space suitable for events and large gatherings.
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 | $51.2k | $13.80 |
| − Vacancy | −$3.2k | −$0.86 |
| EGI | $48.0k | $12.94 |
| − OpEx | −$12.0k | −$3.24 |
| NOI | $36.0k | $9.71 |
3,712 SF · lease $13.80/SF/yr · vacancy 6.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$514.8K
$450.5K – $600.6K
NOI $36,037 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$22.77M
$19.93M – $26.57M
NOI $1,594,129 @ 7.0% cap · market cap 267.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 26554, WV
42,133
Population
19,688
Households
2.1
Avg Household Size
40
Median Age
30%
College-Educated
94%
High-School Grad
131.9 sq mi
ZIP Area
319
Density / Sq Mi
$69,271
Median Household Income
$40,688
Median Earnings
$931
Median Rent
$181,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space with high visibility and outdoor seating area.
Where is this conventional restaurant located?
The property is located at 1111 Fairmont Avenue Fairmont, WV.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: High‑visibility corner lot location on Fairmont Avenue.; Includes dedicated parking area.; Expansive 3,712 (+\/-) sq ft restaurant space suitable for events and large gatherings.
