169 Campbells Creek DrCharleston, WV 25306

Property Details for 169 Campbells Creek Dr

Lot size

0.42 AC

Property type

Bars

Property subtype

Pubs

APN

20-23- 18C-0027.0000

APU

202318C00270000

Description

This exceptional 1,988 square foot mixed-use property at 169 Campbells Creek Drive Unit 169, Charleston, WV, presents a lucrative investment opportunity. Currently operating as a thriving tavern with two additional income-generating mobile home rentals, this property offers significant versatility and potential for future growth. The existing tavern provides a strong foundation for continued operation or a seamless transition to a different commercial venture. The adaptable space is well-suited for a variety of uses, including restaurants, retail establishments, or other commercial enterprises. The inclusion of two currently rented mobile homes adds a substantial stream of passive income, enhancing the overall return on investment. Situated conveniently outside of city limits, this property benefits from reduced regulatory burdens while maintaining easy access to Charleston's amenities and vibrant market. The substantial building size, combined with the existing rental units, creates a compelling package for investors seeking a diversified portfolio or a high-yield commercial venture. The property sits on a 0-acre lot, offering ample space for the existing structures and potential for future development or expansion, subject to local zoning regulations. This is a rare opportunity to acquire a well-established, income-producing property with significant upside potential in a desirable location. The asking price of $199,000 reflects the property's strong value and immediate income generation capabilities.

• CAP approach

  CAP return

  Valuation

  6%

  $3,721,840

  6.5%

  $3,435,550

  7%

  $3,190,150

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,779,770

  Geo Method

  $1,779,770

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,786,440

  Mixed-Use / Specialty

  $3,388,230

  Hospitality / Lodging

  $2,440,180

  Office

  $3,331,580

  Institutional / Educational

  $3,509,860

  Residential Income

  $4,106,540

  Multifamily

  $5,119,570

  Automotive / Energy

  $3,008,450

  Parking / Income-Based Land

  $1,072,830

  Restaurant / Food Service

  $1,687,410

  Healthcare / Senior Housing

  $3,510,530

Location Insight

City

Charleston

County

Kanawha

State

West Virginia

Latitude

38.3108

Longitude

-81.5495

CBSA code

16620

CBSA name

CHARLESTON, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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