Restaurant in Historic Bank
131 S QUEEN STREET S, Martinsburg, WV 25401
For Sale
New
Contact for pricing
A commercial kitchen, bar, separate restrooms and basement storage are already in place for restaurant use.
Property Size7,704 SF
Price / SF$0.78
Days on Market3
Property Features for 131 S QUEEN STREET S
General Information
Standard status
Size
Property subtype
Restaurant
Commercial Hood
Equipment Included
Additional Details
Utilities to Site
Building Details
Year Built
Listing Agency:
ERA Liberty Realty
(304) 728-2000
Listed By:
James, Jr. V Lopez · License WV WV0026922
(304) 671-1555
Source:
Cummingsrealtors
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 8 at 5:21PM
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 ERA Liberty Realty
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Investment Insights
Based on property information with market context.
This restaurant occupies a former bank building constructed in 1912, with a Romanesque granite exterior and a dramatic interior featuring high ceilings, gold and black finishes, and a walnut-clad bar with antique mirrors. A television production studio refurbished the space for Making of the Mob. Restaurant infrastructure includes a commercial kitchen with hand-washing stations, triple-bowl sinks, a large hood system and a walk-in cooler. Gas-fed utilities serve the property, and separate men’s and women’s restrooms are provided. The full basement has shelving for storage.
The property sits at the edge of Queen Street, steps from the downtown square in Martinsburg. Its combination of historic architecture, restaurant facilities and downtown setting gives operators a substantial existing framework for a dining concept.
The property sits at the edge of Queen Street, steps from the downtown square in Martinsburg. Its combination of historic architecture, restaurant facilities and downtown setting gives operators a substantial existing framework for a dining concept.
Key Highlights
- Former bank building constructed in 1912
- Restaurant kitchen includes hand‑washing stations, triple‑bowl sinks, a large hood system and a walk‑in cooler
- Bar features antique mirrors and black walnut finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,039
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,500,780
$1.5M
Cap Rate 7%
$1,071,986
$1.1M
Cap Rate 9%
$833,767
$833.8K
Market Conditions
NOI Build-Up for 7,704 SF
Gross rent
$108.2K $14.04/SF
− Vacancy
−$8.1K −$1.05/SF
EGI
$100.1K $12.99/SF
− OpEx
−$25.0K −$3.25/SF
NOI
$75.0K $9.74/SF
Area
Berkeley County, WV
Vacancy
7.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,500,780
Cap Rate 7%
$1,071,986
Cap Rate 9%
$833,767
Alternative Uses
Best Use
Specialty Retail
$1.07M
$938.0K – $1.25M
NOI $75,039 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.63M
NOI $97,625 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Utilities to site
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
1,053
Businesses Nearby
13k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Electronics 10%
7-Eleven
Shops & Services
6,649 visits/mo
0.3 miles
Truist
Shops & Services
4,602 visits/mo
0.1 miles
Boost Mobile
Electronics
1,329 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
714 visits/mo
0.5 miles
City National Bank
Shops & Services
148 visits/mo
0.3 miles
Demographics for 25401, WV
15,086
Population
6,841
Households
2.2
Avg Household Size
38
Median Age
23%
College-Educated
86%
High-School Grad
5.8 sq mi
ZIP Area
2,601
Density / Sq Mi
$49,157
Median Household Income
$33,147
Median Earnings
$1,014
Median Rent
$221,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A commercial kitchen, bar, separate restrooms and basement storage are already in place for restaurant use.
Where is this conventional restaurant located?
The property is located at 131 S QUEEN STREET S Martinsburg, WV.
What are key features of this property?
This property features: Former bank building constructed in 1912; Restaurant kitchen includes hand‑washing stations, triple‑bowl sinks, a large hood system and a walk‑in cooler; Bar features antique mirrors and black walnut finishes
