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For sale
Conventional restaurants
WV
Fairmont
26554
1111 Fairmont Avenue

Fairmont Restaurant Space For Sale

1111 Fairmont Avenue, Fairmont, WV 26554

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For Sale

Contact for pricing

Restaurant space with high visibility and outdoor seating area.

Type:Retail

Property size:

3,712 SF

Price / SF:

$160/SF

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.
Newer 48 x 22 rear deck provides outdoor seating.
Located within city limits and walking distance to amenities.
Easy access, positioned roughly 3 miles from I‑79, Exit 136.

We can help!

Listing Contact

David Lorenze, CCIM, SIOR, Principal & Associate Broker

For Sale

Contact for pricing

Restaurant space with high visibility and outdoor seating area.

Type:Retail

Property size:

3,712 SF

Price / SF:

$160/SF

Added:: Sep 3, 2024
Days on Market:: 648
Last Refresh:: May 12 at 9:15 pm

Property Features for 1111 Fairmont Avenue

General Information

Standard status: Active
Size: 3,712 SF
Property subtype: Retail

Building Details

Year Built: 1951

We can help!

Listing Contact

David Lorenze, CCIM, SIOR, Principal & Associate Broker

Listing agent David Lorenze, CCIM, SIOR, Principal & Associate Broker License #WV0025501

Listing office Black Diamond Realty

Listing date Sep 3, 2024

Source Crexi

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

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.
Newer 48 x 22 rear deck provides outdoor seating.
Located within city limits and walking distance to amenities.
Easy access, positioned roughly 3 miles from I‑79, Exit 136.

Overview

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.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

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 (±1% cap)

NOI $1,594,129 @ 7.0% cap · market cap 267.92%

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

Property Profile Location Intelligence

Current Use by Public Records

Conventional restaurants

Suggested Use

Location Insight

Map
Local Demand

City: Fairmont
County: Marion
State: West Virginia
Longitude: -80.155542
Latitude: 39.469446

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For sale
Conventional restaurants
WV
Fairmont
26554
1111 Fairmont Avenue

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.