The Devonshire Arms, one of the classic pubs and restaurants in historic Shepherdstown WV has hit the market. The building features a 2 BR, 1 BA, 2 level "townhome" behind the restaurant, a 1 BR 1 BA Loft style apartment over the restaurant and a wonderfully busy Authentic British Pub. The building was an old carriage house converted to the pub and residences over the years. With the real estate, the business is being sold and is included in the list price of the property. Current Profit and Loss statements are attached in Documents for review. The current 2 BR "townhome" is rented to a long term tenant and the the current owner lives in the loft above. The pub could be made more into a restaurant environment with some construction to open up the smaller kitchen and taking the space from the main level of the townhome and a new owner could easily open up the loft upstairs for more seating for the restaurant using the stairs already in place. The opportunities are endless for the space and the location is prime just two blocks from Shepherd University and less than a block from historic German St, Shepherdstown's main street. The current owner may be able to offer Seller Held Financing for the right buyer with a successful history in the industry. For Owner Financing Seller must be in First Position with minimum of $100K down and remainder to balloon at mutually agreeable timeframe.
Amazing investment opportunity. 5 units in total - house with 4 apartments and cottage with a 2 bedroom unit. All units currently leased. there are 2 1-bedroom units and 2 3-bedroom units in the house and 1 2-bedroom unit (cottage)
Shepherdstown is located in West Virginia. Shepherdstown, West Virginia has a population of 1,529. Shepherdstown is more family-centric than the surrounding county with 45.87% of the households containing married families with children. The county average for households married with children is 33.51%.
The median household income in Shepherdstown, West Virginia is $53,125. The median household income for the surrounding county is $86,711 compared to the national median of $69,021. The median age of people living in Shepherdstown is 21.8 years.
The average high temperature in July is 86.3 degrees, with an average low temperature in January of 20.9 degrees. The average rainfall is approximately 40.7 inches per year, with 20 inches of snow per year.
