Restaurant with Loyal
For Sale
Contact for pricing
1701 Bigley Ave, Charleston, WV
Home cooking restaurant with loyal following near Interstate 77.
Property Size2,000 SF
Lot Size0.08 Acres
Price / SF$192.50
Days on Market648
Property Features for 1701 Bigley Ave
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.08 Acres
Property subtype
RETAIL
Listing Agency:
Realcorp, LLC
(304) 840-1781
Listed By:
Quintie Smith
Source:
Moodyscre
Added: Oct 21, 2024
Changed: Jul 6
Last Checked: Jul 21 at 4:43AM
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 Realcorp, LLC
Investment Insights
Based on property information with market context.
This is a home cooking restaurant with a loyal following, located near the Westmoreland exit off Interstate 77. The property is sized at 2000 square feet and is suitable for conventional restaurant and retail property use.
Key Highlights
- Fantastic home cooking restaurant
- Super loyal following
- Located at Westmoreland exit off Interstate 77
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 | $30.0k | $15.00 |
| − Vacancy | −$1.3k | −$0.63 |
| EGI | $28.7k | $14.37 |
| − OpEx | −$7.2k | −$3.59 |
| NOI | $21.6k | $10.78 |
2,000 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$307.9K
$269.4K – $359.3K
NOI $21,555 @ 7.0% cap · market cap 5.60%
Second Best
Retail
$275.9K
$241.4K – $321.9K
NOI $19,313 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$441.1K
$385.9K – $514.6K
NOI $30,874 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,048
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Home cooking restaurant with loyal following near Interstate 77.
Where is this conventional restaurant located?
The property is located at 1701 Bigley Ave Charleston, WV.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Fantastic home cooking restaurant; Super loyal following; Located at Westmoreland exit off Interstate 77
