Wonderful Prime Small City Downtown Location, Mixed Use

Category Real Estate Commercial

Current price $185,000.00

Listing type Fixed Price Item

Location Princeton, West Virginia 247** US

Quantity sold 0

Quantity available 1

Bids 0

Seller youcandosolar (37)

Seller rating 100% positive feedback

Property Address 860-862 Mercer ST

State/Province West Virginia

Seller State Of Residence South Carolina

ZIP/Postal Code 27040

Availability For Sale

City Princeton

Square Footage 5900

Type Restaurant

Year Built 1910

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Three apartments upstairs and a Café downstairs in the heart of the Princeton, West Virginia Grassroots District!
Apartments include:
Two bedrooms.
Hardwood floors.
Lots of space with excellent natural light.
Amenities include:
Coffee shop downstairs!
Walking distance to galleries, restaurants, music venues and many more fun activities!
Walk score and bike score of 100.
There is a large retail space downstairs with an operating cafe up front and event space with stage in the back.
We currently use the back space for events, but the entire 3000 square foot downstairs could be perfect for a family business, perhaps a restaurant. City will approve beer and wine license with special use permit. Liquor is possible.
Commercial space includes:
Zoned commercial
ADA bathrooms
All new HVAC in 2019
17,000 cars per day traffic count
Low property tax
Other upgrades:
New electrical 600A service and 5 panels
New class A fire rated ceiling
New multi-zone fire alarm
Roxul SafeNSound fireproof sound insulation.
All new finishes and fixtures
~6000 Sq. Ft. 98 x 30 ft.
One parking space in back, street parking, 2 city parking lots within 1 block.
2020 Income: $29,918
Currently fully rented to qualified tenants. Good cashflow. Discount for cash sale. Discount if owner is allowed to take back second.