Downtown Restaurant Building with
For Sale
$1,750,000
419 W King St, Martinsburg, WV 25401
Fully renovated 1931 restaurant building with a full bar, show kitchen, and newly added paver patio.
Property Size22,664 SF
Price / SF$77.21
Days on Market158
Property Features for 419 W King St
General Information
Standard status
Active
Size
22,664 SF
Property subtype
Commercial
Building Details
Year Built
1931
Listing Agency:
Black Diamond Realty, LLC
Listed By:
W. Aaron Poling · License #WV0027374
(304) 263-7800
Source:
Baltimoreharfordhomesforsale
Added: May 17
Changed: Oct 1
Last Checked: Oct 20 at 9:18PM
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 Black Diamond Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in the heart of downtown Martinsburg, this formerly operated restaurant building at 419 W King Street has been fully renovated and offers hospitality-focused flexibility. Built in 1931 with durable concrete block and brick construction, the property features a rubber roof, upgraded commercial electrical systems, new HVAC, and extensive interior renovations throughout.
The space includes a café, full bar, show kitchen, seven food stall/commercial kitchen spaces, and four restrooms. An industrial-inspired interior with exposed brick walls and exposed steel beams pairs with modern finishes, supporting a distinctive setting for dining, events, or other adaptive concepts. A newly added 2,100 (+/-) square foot paver patio with metal railing expands the venue outdoors for dining, events, or entertainment.
On-site convenience is supported by approximately 20+ parking spaces and multiple access points. The property also notes that all public utilities are available, including electric, gas, cable, public water, and sewer.
The space includes a café, full bar, show kitchen, seven food stall/commercial kitchen spaces, and four restrooms. An industrial-inspired interior with exposed brick walls and exposed steel beams pairs with modern finishes, supporting a distinctive setting for dining, events, or other adaptive concepts. A newly added 2,100 (+/-) square foot paver patio with metal railing expands the venue outdoors for dining, events, or entertainment.
On-site convenience is supported by approximately 20+ parking spaces and multiple access points. The property also notes that all public utilities are available, including electric, gas, cable, public water, and sewer.
Key Highlights
- Fully renovated 1931 commercial building totaling 22,664 (+/-) SF with durable concrete block and brick construction
- Upgraded commercial electrical and new HVAC, plus a rubber roof
- Hospitality setup includes a full bar, show kitchen, café, and seven food stall/commercial kitchen spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,932
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,618,640
$2.6M
Cap Rate 7%
$1,870,457
$1.9M
Cap Rate 9%
$1,454,800
$1.5M
Market Conditions
NOI Build-Up for 22,664 SF
Gross rent
$204.0K $9.00/SF
− Vacancy
−$16.9K −$0.75/SF
EGI
$187.0K $8.25/SF
− OpEx
−$56.1K −$2.48/SF
NOI
$130.9K $5.78/SF
Area
Berkeley County, WV
Vacancy
8.30%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,618,640
Cap Rate 7%
$1,870,457
Cap Rate 9%
$1,454,800
Alternative Uses
Best Use
Specialty Retail
$3.15M
$2.76M – $3.68M
NOI $220,753 @ 7.0% cap · market cap 12.61%
Second Best
Industrial
$1.87M
$1.64M – $2.18M
NOI $130,932 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$4.10M
$3.59M – $4.79M
NOI $287,198 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 94%
Electronics 6%
Family Dollar
Shops & Services
8,269 visits/mo
0.5 miles
7-Eleven
Shops & Services
6,649 visits/mo
0.2 miles
Truist
Shops & Services
4,602 visits/mo
0.2 miles
Boost Mobile
Electronics
1,329 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
714 visits/mo
0.3 miles
Demographics for 25401, WV
15,086
Population
6,841
Households
2.2
Avg Household Size
38
Median Age
23%
College-Educated
86%
High-School Grad
5.8 sq mi
ZIP Area
2,601
Density / Sq Mi
$49,157
Median Household Income
$33,147
Median Earnings
$1,014
Median Rent
$221,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully renovated 1931 restaurant building with a full bar, show kitchen, and newly added paver patio.
Where is this conventional restaurant located?
The property is located at 419 W King St Martinsburg, WV.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Fully renovated 1931 commercial building totaling 22,664 (+/-) SF with durable concrete block and brick construction; Upgraded commercial electrical and new HVAC, plus a rubber roof; Hospitality setup includes a full bar, show kitchen, café, and seven food stall/commercial kitchen spaces
