Downtown Princeton Commercial
315 Straley Ave., Princeton, WV 24739
Commercial property in downtown Princeton suitable for various uses.
Type:Special Purpose
Property size:
2,334 SFPrice / SF:
$187/SF- Added:
- Mar 1, 2026
- Days on Market:
- 76
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 315 Straley Ave.
General Information
- Standard status
- Active
- Size
- 2,334 SF
- Property subtype
- Special Purpose
Listing agent Jeffrey Dalton License #WV
Listing office Coldwell Banker Hendrick Real Estate
Listing date Mar 1, 2026
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 Coldwell Banker Hendrick Real Estate
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.
- Features a commercial kitchen and ADA‑approved bathrooms.
- Has State Fire Marshal approval.
- Includes original hardwood floors, a welcoming foyer, meeting space, gas fireplace, and a covered patio.
Overview
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.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$361.3K
NOI $32,517 @ 9.00% cap · cautious / downside scenario
Moderate
$464.5K
NOI $32,517 @ 7.00% cap · market / base-case scenario
Aggressive
$650.3K
NOI $32,517 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.0k | $24.00 |
| − Vacancy | −$12.7k | −$5.42 |
| EGI | $43.4k | $18.58 |
| − OpEx | −$10.8k | −$4.64 |
| NOI | $32.5k | $13.93 |
2,334 SF · lease $24.00/SF/yr · vacancy 22.60% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$464.5K
$406.5K – $542.0K
NOI $32,517 @ 7.0% cap · market cap 7.42%
Second Best
Retail
$402.5K
$352.2K – $469.6K
NOI $28,173 @ 7.0% cap · market cap 6.42%
Theoretical Best
Multifamily LT 5
$1.51M
$1.32M – $1.76M
NOI $105,411 @ 7.0% cap · market cap 24.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Linx Community Services
Crisis Center
Similar Places Nearby
- Myra's Flower Shop — 907 Mercer St, Princeton, WV 24740
- Colonial Florist & Gift Shop — 284 Athens Rd, Princeton, WV 24740
Location Insight
- Map
- Local Demand
- City
- Princeton
- County
- Mercer
- State
- West Virginia
- Longitude
- -81.0890095
- Latitude
- 37.3706317
Nearby Similar for Sale
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 $438,500.
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.
