Downtown Beckley Mixed-Use
327 W Neville Beckley, WV 25801
For Sale
Contact for pricing
Four-story commercial building with restaurant, bar, and apartments.
Property Size2,800 SF
Price / SF$125
Days on Market78
Property Features for 327 W Neville
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Business for Sale
Building Details
Year Built
1940
Listing Agency:
Transcend Realty
Listed By:
Brian Brown · License #WVB240301004
Source:
Crexi
Added: May 12
Changed: Jul 10
Last Checked: Jul 27 at 8:05PM
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 Transcend Realty
Investment Insights
Based on property information with market context.
This four-story mixed-use commercial building is located in downtown Beckley. The property features a street-level restaurant and bar space, with equipment included in the sale. The upper two floors contain three rented residential apartments currently generating income. There is one additional apartment unit in need of cosmetic rehabilitation, plus a fifth unit with development potential. The property offers multiple income streams with upside through apartment renovations and additional unit development. It is located near shopping, dining, and local businesses, and presents an excellent opportunity for owner-users or investors.
Key Highlights
- Street‑level restaurant and bar space with equipment included, offering a turnkey opportunity.
- Three income‑producing apartments currently rented.
- Prime downtown Beckley location near shopping, dining, and local businesses.
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 | $38.6k | $13.80 |
| − Vacancy | −$3.2k | −$1.13 |
| EGI | $35.5k | $12.67 |
| − OpEx | −$8.9k | −$3.17 |
| NOI | $26.6k | $9.50 |
2,800 SF · lease $13.80/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$380.1K
$332.6K – $443.4K
NOI $26,604 @ 7.0% cap · market cap 7.60%
Second Best
Mixed Use
$270.0K
$236.3K – $315.0K
NOI $18,900 @ 7.0% cap · market cap 5.40%
Theoretical Best
Multifamily LT 5
$1.65M
$1.44M – $1.92M
NOI $115,488 @ 7.0% cap · market cap 33.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-story commercial building with restaurant, bar, and apartments.
Where is this mixed-use property located?
The property is located at 327 W Neville Beckley, WV.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Street‑level restaurant and bar space with equipment included, offering a turnkey opportunity.; Three income‑producing apartments currently rented.; Prime downtown Beckley location near shopping, dining, and local businesses.
