600 S Oakwood Ave Beckley, WV 25801
- Investment properties
- 0.34 lot acres
Current Use by Public Records
- Dobra Zupas / Restaurant / American Restaurant
Property Details for 600 S Oakwood Ave
- Lot size
- 0.34 lot acres
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 41-01- 32-0047.0000
- APU
- 41013200470000
Description
This exceptional mixed-use property at 600 S Oakwood Ave, Beckley, WV 25801, presents a unique investment opportunity. The 5,270 square foot building, constructed in 1924, boasts a rich history as a highly successful restaurant, featuring ground floor dining areas, a lounge with a multi-tap bar system, and private dining spaces on upper floors. A separate building houses a fully operational brewery, adding significant potential. The property's central location makes it ideal for a variety of uses, including prime office space or retail ventures. The two-building complex sits on a 0.34-acre lot and comprises three stories, offering ample space for diverse business needs. This Class B property is offered at $395,000 and is perfect for an owner/user seeking a versatile and established location. The previous restaurant's success speaks to the property's inherent appeal and strong potential for future growth. The building's classic charm and convenient location in Raleigh County combine to create a compelling investment opportunity. This is a rare chance to acquire a well-situated property with established infrastructure and significant upside potential. The property's versatility allows for a wide range of uses, catering to various business models and maximizing return on investment. Don't miss this chance to own a piece of Beckley's vibrant commercial landscape.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $245,000
- 6.5%
- $275,000
- 7%
- $235,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $260,000
- Geo Method
- $225,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $235,000
- Retail
- $245,000
- Mixed-Use
- $255,000
- Hospitality
- $270,000
- Educational
- $245,000
- Residential Income
- $270,000
- Energy
- $205,000
- Income-Based Land
- $225,000
- Food Service
- $245,000
Location Insight
- Map
- Local Demand
- City
- Beckley
- County
- Raleigh
- State
- West Virginia
- Longitude
- -81.1967
- Latitude
- 37.7709
- CBSA code
- 13220
- CBSA name
- BECKLEY, WV METROPOLITAN STATISTICAL AREA