98 Washington StBerkeley Springs, WV 25411

  • Retail properties
  • 2,995 SF
For Sale
$449,000 View listing

Property Details for 98 Washington St

Year built
1902
Lot size
0.13 AC
Property size (Sq ft)
2,995 SF
Property type
Retail properties
Property subtype
Turn key restaurants
APN
33-03- 1A-0020.0000
APU
33031A00200000

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,047,876
    6.5%
    $967,270
    7%
    $898,179
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,509,027
    Geo Method
    $1,509,027
  • Alternative Use

    Use
    Valuation
    Residential
    $815,928
    Hospitality
    $747,386
    Educational
    $621,816
    Medical
    $643,202
    Retail
    $967,270
98 Washington St, Berkeley Springs, West Virginia

Location Insight

City
Berkeley Springs
County
Morgan
State
West Virginia
Latitude
39.6281
Longitude
-78.2265
CBSA code
25180
CBSA name
HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,860
$64,260
$90,060
$154,320
-
$107,100
$150,100
$257,200

FAQs

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