Downtown Princeton Commercial
315 Straley Ave. Princeton, WV 24739
For Sale
Contact for pricing
Commercial property in downtown Princeton suitable for various uses.
Property Size2,334 SF
Price / SF$160.63
Days on Market148
Property Features for 315 Straley Ave.
General Information
- Standard status
- Active
- Size
- 2,334 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1910
Listing Agency:
Coldwell Banker Hendrick Real Estate
Listed By:
Jeffrey Dalton · License #WV
Source:
Crexi
Added: Mar 1
Changed: Jul 10
Last Checked: Jul 25 at 12:23PM
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 Coldwell Banker Hendrick Real Estate
Investment Insights
Based on property information with market context.
This circa-1910 commercial property is located in the heart of Downtown Princeton, at the gateway to Mercer Street. The property benefits from high daily drive-by traffic and curb appeal. The property is suited for restaurant, retail, office, event, or specialty use. Features include original hardwood floors, a welcoming foyer, meeting space, and a gas fireplace. The property also includes a commercial kitchen, ADA-approved bathrooms, and State Fire Marshal approval. Additional features include a covered patio with ceiling fans and upstairs flex space. The property includes the main building, a prime street-front lot, and an additional lot across the street with utilities in place, suitable for dedicated parking or future development. The property is walkable to the Grassroots and Historic District.
Key Highlights
- Prime location in Downtown Princeton at the gateway to Mercer Street with high visibility and strong traffic.
- Includes a prime street‑front lot and an additional lot across the street with utilities, ideal for parking or development.
- Versatile property suitable for restaurant, retail, office, event, or specialty use.
Financial Insights For 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 | $42.0k | $18.00 |
| − Vacancy | −$1.8k | −$0.76 |
| EGI | $40.2k | $17.24 |
| − OpEx | −$12.1k | −$5.17 |
| NOI | $28.2k | $12.07 |
2,334 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$402.5K
$352.2K – $469.6K
NOI $28,173 @ 7.0% cap · market cap 7.51%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.51M
$1.32M – $1.76M
NOI $105,411 @ 7.0% cap · market cap 28.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Linx Community Services
Crisis Center
Similar Off Market Nearby
- Myra's Flower Shop — 907 Mercer St, Princeton, WV 24740
- Kroger Floral — 1229 Stafford Dr, Princeton, WV 24740
FAQs
What type of property is this?
Storefront property - Commercial property in downtown Princeton suitable for various uses.
Where is this storefront property located?
The property is located at 315 Straley Ave. Princeton, WV.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Prime location in Downtown Princeton at the gateway to Mercer Street with high visibility and strong traffic.; Includes a prime street‑front lot and an additional lot across the street with utilities, ideal for parking or development.; Versatile property suitable for restaurant, retail, office, event, or specialty use.
