278 Park AveDanville, WV 25053

Property Details for 278 Park Ave

Lot size

0.94 AC

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.

• CAP approach

  CAP return

  Valuation

  6%

  $10,321,919

  6.5%

  $9,527,926

  7%

  $8,847,360

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,631,316

  Geo Method

  $9,631,316

• Alternative Use

  Use

  Valuation

  Residential

  $8,037,162

  Hospitality

  $7,361,997

  Educational

  $6,125,095

  Medical

  $6,335,746

  Retail

  $9,527,926

Location Insight

City

Danville

County

Boone

State

West Virginia

Latitude

38.0782

Longitude

-81.835

CBSA code

16620

CBSA name

CHARLESTON, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].