Four-Story Mixed-Use
327 W NEVILLE, Beckley, WV 25801
For Sale
$340,000
Business Opportunity, BECKLEY, WV
Property Size2,800 SF
Lot Size2.00 Acres
Price / SF$121.43
Days on Market181
Property Features for 327 W NEVILLE
General Information
Property type
Property subtype
Subdivision
Standard status
Size
Lot size
Additional Details
Tenant in Place
Building Details
Year built
Buildings
Listing Agency:
TRANSCEND REALTY
(304) 763-7020
Listed By:
Brian Brown · License WV WVB240301004
(304) 207-4644
Added: May 14
Changed: Nov 5
Last Checked: Nov 10 at 12:06PM
MLS# 94880
Copyright © 2026 Beckley Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This four-story mixed-use building contains 2,800 square feet and was built in 1940. The street-level commercial area is configured for restaurant and bar operations, with restaurant equipment included in the sale. Upper-level residential space includes three apartments that are currently rented, one apartment requiring cosmetic rehabilitation, and a fifth unit offering additional development potential.
The property is located at 327 W Neville in downtown Beckley, WV 25801, near shopping, dining, and local businesses. Its configuration supports both commercial and residential occupancy within one building, with existing apartment rent and a food-and-beverage operation represented in the current layout.
The property is located at 327 W Neville in downtown Beckley, WV 25801, near shopping, dining, and local businesses. Its configuration supports both commercial and residential occupancy within one building, with existing apartment rent and a food-and-beverage operation represented in the current layout.
Key Highlights
- 2,800‑square‑foot mixed‑use building on 2 acres
- Four‑story property built in 1940
- Street‑level restaurant and bar space with equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,604
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,080
$532.1K
Cap Rate 7%
$380,057
$380.1K
Cap Rate 9%
$295,600
$295.6K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$38.6K $13.80/SF
− Vacancy
−$3.2K −$1.13/SF
EGI
$35.5K $12.67/SF
− OpEx
−$8.9K −$3.17/SF
NOI
$26.6K $9.50/SF
Area
Raleigh County, WV
Vacancy
8.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,080
Cap Rate 7%
$380,057
Cap Rate 9%
$295,600
Alternative Uses
Best Use
Apartment 5plus
$1.47M
$1.28M – $1.71M
NOI $102,775 @ 7.0% cap
Second Best
Specialty Retail
$380.1K
$332.6K – $443.4K
NOI $26,604 @ 7.0% cap · market cap 7.82%
Theoretical Best
Multifamily LT 5
$1.65M
$1.44M – $1.92M
NOI $115,488 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
Explore this area
Business Placement
Demographics for 25801, WV
31,369
Population
15,185
Households
2.1
Avg Household Size
43
Median Age
23%
College-Educated
88%
High-School Grad
99.1 sq mi
ZIP Area
317
Density / Sq Mi
$49,370
Median Household Income
$35,314
Median Earnings
$842
Median Rent
$151,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property combines a restaurant and bar with rented apartments and additional residential unit potential.
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 $340,000.
What are key features of this property?
This property features: 2,800‑square‑foot mixed‑use building on 2 acres; Four‑story property built in 1940; Street‑level restaurant and bar space with equipment included
