278 Park Ave Danville, WV 25053
Property profile & analytics
278 Park Ave Danville, WV 25053
- Turn key restaurants
- 0.94 lot acres
Property ID
US94-1251225
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Park Avenue Restaurant & Motel / Restaurant
Property Details for 278 Park Ave
- Lot size
- 0.94 lot acres
- Property type
- Turn key restaurants
- APN
- 03-02- 5-0010.0000
- APU
- 302500100000
Description
This exceptional investment opportunity encompasses a well-established restaurant and motel in Danville, WV, a true landmark serving the community for 42 years. The restaurant boasts a spacious layout, comfortably seating approximately 160 patrons across three distinct dining areas. Fully equipped and ready for immediate operation, it benefits from a loyal customer base built over decades, attracting consistent lunch, after-work, and weekend crowds. The attached motel comprises 18 rooms, generating substantial supplemental income. This combined operation presents a strong financial foundation, with significant potential for further growth. The property features ample paved parking and extends to the riverfront, offering unique possibilities for expansion, such as kayak rentals or other water-related activities. The existing motel rooms could also be repurposed into office spaces for additional rental income, showcasing the versatility of this property. The 2,690 square foot building sits on a 1.41-acre lot. The asking price is $299,000. Additional parcel numbers are available upon request. This turnkey operation is ideal for an entrepreneur seeking a proven business with substantial upside. The long-standing reputation and diverse income streams make this a truly compelling investment.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Danville
- County
- Boone
- State
- West Virginia
- Longitude
- -81.835
- Latitude
- 38.0782
- CBSA code
- 16620
- CBSA name
- CHARLESTON, WV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$0.00
$7,140
$60,120
$67,260
-
$11,900
$100,200
$112,100
