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33 N Washington St 11,892 SF 100% Leased Retail Building Berkeley Springs, WV 25411 $1,500,000 ($126.14/SF)
INVESTMENT HIGHLIGHTS
- Prime Location Downtown/ Flagship Restaurant
- Mixed Use Investment
- Cash Flowing Finished Upper Level Multi Residential
EXECUTIVE SUMMARY
Presenting a premier mixed-use investment opportunity located in the heart of downtown Berkeley Springs. This historically significant building, spanning approximately a quarter of a city block, is positioned directly across from the courthouse. A well-known local landmark, the property was previously home to Tari's Cafe, a prominent restaurant and bar. This building has recently been renovated and boasts new roofing, siding, windows, HVAC, and the inclusion of the upper level apartments and short term rental rooms. The establishment is fully equipped and operational, ready for immediate use with all trade equipment included. Simply bring your menu and hire your staff to start serving. The property features a sizable storage area on the upper level, stocked with additional catering and trade equipment, all of which is also included. In addition, the main level offers a prime commercial storefront, providing additional revenue potential. On the upper level, the building includes versatile residential spaces designed for generating cash flow. One section comprises an expansive 2-bedroom, 1-bathroom residence with a fully equipped kitchen, walk-in pantry, formal dining room, living room, family room with rooftop access, laundry room, entryway foyer, and sitting room. This space could serve as a residence for the owner or restaurant manager. Additionally, this side of the building includes four "bed and breakfast" rooms (Two 1BR/1BA's, and two 1BR/1BA with living rooms), making it an ideal candidate for vacation rentals given its central downtown location. On the opposite side of the upper level you will find three 1BR apartments. Berkeley Springs is renowned for its beautiful natural surroundings, historic spa with the largest open display of thermal water in the Blue Ridge, vibrant art scene, and the annual Apple Butter Festival, which has been a local tradition since 1973. The town attracts hundreds of thousands of visitors annually, making this an exceptional investment opportunity in a highly desirable tourist destination. Do not miss out on this unique chance to own a piece of Berkeley Springs’ charm. Schedule your private tour today.
DATA ROOM Click Here to Access
- Offering Memorandum
- Miscellaneous
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
11,892 SF
Year Built
1925
Price
$1,500,000
Price Per SF
$126.14
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.30
Lot Size
0.21 AC
Opportunity Zone
Yes
Parking
20 Spaces (1.68 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Restaurant
- Waterfront
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $487,920 | |
| Land Assessment | $107,460 | Total Assessment | $595,380 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$107,460
Improvements Assessment
$487,920
Total Assessment
$595,380
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33 N Washington St
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