Historic Riverfront Restaurant & Event
2 6th Avenue Saint Albans, WV 25177
2 6th Avenue, Saint Albans, WV, 25177
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For Sale
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Restaurant and event venue offering dining, bar service, events, and take-out operations on a riverfront setting.
Property Size4,293 SF
Price / SF$163.06
Days on Market57
Property Features for 2 6th Avenue
General Information
- Standard status
- Active
- Size
- 4,293 SF
- Property subtype
- Retail
Listing agency
Charleston-Old Colony Realtors
Listed by
Joe Miller · License #WV 220041095
Source
Crexi
Added: May 27 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 11:34AM
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 Charleston-Old Colony Realtors
Investment Insights
Based on property information with market context.
This historic riverfront restaurant and event venue is built around a hospitality-focused layout designed to support multiple ways to generate revenue. Operations include on-site dining, bar service, events, and take-out, giving an owner flexibility in how the space is programmed throughout the week. The property is presented as a character-driven venue, with the seller noting a transition period in which the current owner will remain available through handoff.
Located at 2 6th Avenue in St. Albans, West Virginia, the venue’s riverfront setting is part of its overall draw for guests planning both dining and event experiences. The property is positioned to serve customers looking for a destination-style outing and hosts who need an in-house location for gatherings.
For an experienced operator, this is a practical fit for a restaurateur or hospitality business seeking to run a venue that can support dining alongside hosted events and bar service, with take-out available as an additional format. The seller’s willingness to stay involved through the transition may be helpful for continuity during ownership change, particularly for a new operator taking over established day-to-day workflows.
Located at 2 6th Avenue in St. Albans, West Virginia, the venue’s riverfront setting is part of its overall draw for guests planning both dining and event experiences. The property is positioned to serve customers looking for a destination-style outing and hosts who need an in-house location for gatherings.
For an experienced operator, this is a practical fit for a restaurateur or hospitality business seeking to run a venue that can support dining alongside hosted events and bar service, with take-out available as an additional format. The seller’s willingness to stay involved through the transition may be helpful for continuity during ownership change, particularly for a new operator taking over established day-to-day workflows.
Key Highlights
- Historic riverfront restaurant and event venue with dining, bar service, and take‑out operations
- Multiple revenue streams including dining, events, bar, and take‑out
- Restaurant and event venue setup offers both on‑site dining and event hosting
Local 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 | $64.4k | $15.00 |
| − Vacancy | −$2.7k | −$0.63 |
| EGI | $61.7k | $14.37 |
| − OpEx | −$15.4k | −$3.59 |
| NOI | $46.3k | $10.78 |
4,293 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$661.0K
$578.4K – $771.1K
NOI $46,268 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$946.7K
$828.4K – $1.10M
NOI $66,270 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Restaurant and event venue offering dining, bar service, events, and take-out operations on a riverfront setting.
Where is this conventional restaurant located?
The property is located at 2 6th Avenue Saint Albans, WV.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Historic riverfront restaurant and event venue with dining, bar service, and take‑out operations; Multiple revenue streams including dining, events, bar, and take‑out; Restaurant and event venue setup offers both on‑site dining and event hosting
