545 Main St, Follansbee, WV 26037-1523
This unique Follansbee, WV property at 545 Main Street presents a rare opportunity. A century-old establishment, formerly DeStefano's eatery and bar, is available for purchase. The property is being sold "AS IS, WHERE IS" and offers significant potential for restoration and revitalization. The main building includes a large, three-bedroom apartment upstairs, currently occupied by a tenant/owner who is relocating. This provides an immediate income stream or the possibility of owner-occupancy while developing the business below. The sale includes two additional lots, providing ample parking. The building's rich history and prime Main Street location offer a chance to create a thriving business and recapture the charm of a beloved hometown establishment. The property sits on a 0.05-acre lot. Serious inquiries only. The asking price is $78,000. This is an exceptional opportunity for an entrepreneur with vision to build a lasting legacy in the Follansbee community. The property's size is not specified.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.