Property profile

98 Washington St Berkeley Springs, WV 25411

OFF-MARKET
Turn key restaurants
Property ID
US94-0453226
2,995 SF 0.13 ac lot Built 1902
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This stunning remodeled Grand Victorian building at 98 N Washington St, Berkeley Springs, WV 25411, presents a unique mixed-use opportunity in the heart of downtown. Priced at $449,000, this property boasts a versatile layout ideal for a variety of commercial and residential ventures. The main level features a formal entry foyer, a full bar, a dining area comfortably seating 50+, a commercial kitchen, and two half baths. Additional seating is available at both the indoor and outdoor bar areas. Upstairs, discover three bedrooms each with its own attached bathroom, plus an office space that could easily function as a fourth bedroom and a convenient laundry room. A detached building provides ample storage space. The property's central downtown location offers exceptional visibility and accessibility. Its adaptable design lends itself to numerous uses, including a bed and breakfast, restaurant/bar, AirBnB, or even conversion back to a solely residential dwelling. The possibilities are truly endless for the discerning buyer seeking a prime location and a beautifully restored historic property. This is a rare opportunity to own a piece of Berkeley Springs' vibrant downtown.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1902
Total area 2,995 SF
Lot 0.13 ac (5,576 SF)
APN 33-03- 1A-0020.0000
UPID US94-0453226

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
  • Gym & Fitness Center Alternative Medicine Practice
  • Restaurant

Location

98 Washington St Berkeley Springs, WV 25411-1529
Berkeley Springs metro Census 970800 HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2021
Last sale
$235,000
3 recorded transactions
2024
Price N/A
2021
$235,000
2008
Price N/A

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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