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    FOR SALE
    Bars & Pubs

    1801 Pennsylvania Ave, Weirton, WV 26062

    0.15 ac lot
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US94-0232428
    Property summary
    AI-generated overview

    This exceptional 6,400 square foot commercial property located at 1801 Pennsylvania Avenue in Weirton, West Virginia, presents a unique investment opportunity. Situated on a 0.32-acre lot, the building currently houses a thriving catering business and a fully equipped restaurant/bar space. The restaurant area is ready for immediate operation, featuring ample seating with tables and chairs, four televisions, a new computerized register system, keg and drop coolers, an ice machine, a fountain system, a flat top grill, fryers, a ten-burner stove, ovens, refrigerators, freezers, and a new hot water tank. The catering business, operating under the name Geometti Catering, boasts a full booking schedule extending through October 2024, servicing a diverse clientele with events ranging from weddings and graduations to corporate functions and movie screenings (licensed for a 25-foot screen). This turnkey operation offers a seamless transition for a new owner, with the existing tenant/caterer available to provide support and ensure a smooth handover. A new lease will be negotiated between the new owner and the current tenant. The property's versatility and established business operations make it an attractive prospect for investors seeking a profitable and established commercial venture. The asking price is $179,900.

    Property profile
    Verified
    Property type Bars & Pubs
    Use group BAR, TAVERN
    Lot 0.15 ac (6,534 SF)
    APN 15-06-W39P-0209.0000
    UPID US94-0232428
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Polish National Alliance Atm
    • B4 Basement Burgers Bourbons & Brews Restaurant
    • T. Kosciusko Hall: Home of Giometti's Catering Take-out & Catering Catering Service
    • Victorian Hall & Tavern Hotel & Motel Resort
    • Z&GchimneySweep&dryerVent Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Rmr Beacon LLC · 1 yrs held
    Rmr Beacon LLC
    since 2024
    2 recorded transactions
    2024
    2021
    $160,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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