Property profile

1801 Pennsylvania Ave Weirton, WV 26062

OFF-MARKET
Bars & Pubs
Property ID
US94-0232428
0.15 ac lot
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Atm
  • Restaurant
  • Take-out & Catering Catering Service
  • Hotel & Motel Resort
  • Corporate Office

Location

1801 Pennsylvania Ave Weirton, WV 26062-3426
Weirton metro Census 20600 WEIRTON-STEUBENVILLE, WV-OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2021
$160,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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