2501 5th Ave Huntington, WV 25703-1618
- Drive through restaurants
- 0.21 lot acres
Current Use by Public Records
- Gina's Lounge / Cocktail Bar
Property Details for 2501 5th Ave
- Lot size
- 0.21 lot acres
- Property type
- Drive through restaurants
- APN
- 06-05- 20-0092.0000
- APU
- 6052000920000
Description
This exceptional mixed-use property, located at 2501 and 2505 5th Avenue in Huntington, West Virginia, presents a fantastic opportunity for a thriving business. The 2,045 square foot building, constructed in 2004, sits on a half-acre lot and offers ample parking for 30 vehicles. Its ideal location near Marshall University ensures a steady stream of students and local patrons. The interior boasts a fully equipped kitchen, ready for immediate operation. Features include essential appliances, a sandwich bar, a small cooler, a walk-in freezer, and a walk-in cooler, all designed for efficient food preparation and storage. The spacious dining area is adaptable to various seating arrangements, accommodating a diverse clientele. Recent updates, including fresh paint applied within the last seven years, and reliable central heating and air conditioning, contribute to a modern and comfortable atmosphere. The exterior features a chain-link fence enclosing the rear area, providing privacy and security. This turnkey operation is priced at $650,000 and is perfect for an established restaurant or a new venture seeking a prime location in a vibrant college town. The property consists of one single-story building. The zip code is 25703, and it's situated in Cabell County.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $295,000
- 6.5%
- $340,000
- 7%
- $315,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $300,000
- Geo Method
- $360,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $295,000
- Retail
- $345,000
- Mixed-Use
- $270,000
- Hospitality
- $260,000
- Educational
- $270,000
- Residential Income
- $305,000
- Energy
- $320,000
- Income-Based Land
- $315,000
- Food Service
- $255,000
Location Insight
- Map
- Local Demand
- City
- Huntington
- County
- Cabell
- State
- West Virginia
- Longitude
- -82.4119
- Latitude
- 38.4246
- CBSA code
- 26580
- CBSA name
- HUNTINGTON-ASHLAND, WV-KY-OH METROPOLITAN STATISTICAL AREA