Restaurant Building with Retail
For Sale
$1,600,000
4922 Williamsport Pike, Martinsburg, WV 25404
Separate restaurant and retail areas include a commercial kitchen, bar, storage, seating, and covered outdoor patios.
Property Size6,018 SF
Price / SF$265.87
Days on Market63
Property Features for 4922 Williamsport Pike
General Information
Standard status
Active
Size
6,018 SF
Additional Details
Patio
Yes
Amenities
solar panels
Building Details
Year Built
2017
Construction
fiber cement siding
Listing Agency:
Young & Associates
Listed By:
Samantha Young · License #WVB190300575
(304) 278-3500
Source:
Kableteam
Added: Aug 13
Changed: Oct 3
Last Checked: Oct 7 at 4:03PM
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 Young & Associates
Investment Insights
Based on property information with market context.
This 2017 commercial property combines a restaurant and bar operation with a separate front retail area. The restaurant component includes a dining room, commercial-grade kitchen, storage, bar, and substantial seating, along with covered outdoor seating areas. The building also features Hardy Plank fiber cement siding, a stone veneer water table, and owned energy-efficient solar panels.
Located on Williamsport Pike in Martinsburg’s Spring Mills area, the property offers visibility, on-site parking, and convenient access. The configuration supports continued restaurant use or adaptation for another hospitality concept while retaining dedicated retail space within the building.
Located on Williamsport Pike in Martinsburg’s Spring Mills area, the property offers visibility, on-site parking, and convenient access. The configuration supports continued restaurant use or adaptation for another hospitality concept while retaining dedicated retail space within the building.
Key Highlights
- Restaurant, bar, and separate front retail area in one commercial property
- Commercial‑grade kitchen with dining, bar, storage, and seating areas
- 644 sq ft covered outdoor seating area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,617
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,172,340
$1.2M
Cap Rate 7%
$837,386
$837.4K
Cap Rate 9%
$651,300
$651.3K
Market Conditions
NOI Build-Up for 6,018 SF
Gross rent
$84.5K $14.04/SF
− Vacancy
−$6.3K −$1.05/SF
EGI
$78.2K $12.99/SF
− OpEx
−$19.5K −$3.25/SF
NOI
$58.6K $9.74/SF
Area
Berkeley County, WV
Vacancy
7.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,172,340
Cap Rate 7%
$837,386
Cap Rate 9%
$651,300
Alternative Uses
Best Use
Specialty Retail
$837.4K
$732.7K – $977.0K
NOI $58,617 @ 7.0% cap · market cap 3.66%
Second Best
Retail
$554.4K
$485.1K – $646.9K
NOI $38,811 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$1.09M
$953.3K – $1.27M
NOI $76,260 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
101k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 89%
Shops & Services 6%
Dining 5%
Walmart
Superstores
89,702 visits/mo
0.5 miles
Jersey Mike's Subs
Dining
5,356 visits/mo
0.5 miles
United Bank
Shops & Services
3,911 visits/mo
0.5 miles
MyEyeDr.
Shops & Services
2,312 visits/mo
0.4 miles
Demographics for 25404, WV
23,034
Population
9,973
Households
2.3
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
37.9 sq mi
ZIP Area
608
Density / Sq Mi
$68,897
Median Household Income
$42,976
Median Earnings
$1,228
Median Rent
$226,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Separate restaurant and retail areas include a commercial kitchen, bar, storage, seating, and covered outdoor patios.
Where is this conventional restaurant located?
The property is located at 4922 Williamsport Pike Martinsburg, WV.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Restaurant, bar, and separate front retail area in one commercial property; Commercial‑grade kitchen with dining, bar, storage, and seating areas; 644 sq ft covered outdoor seating area
