For Sale
$1,800,000

300 Scott AveMorgantown, WV 26508

14 Units, 22,000+ SF, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a portfolio of four buildings totaling 22,122 square feet on a 2.01-acre lot in Morgantown, West Virginia. The property comprises a mix of office and multifamily space, strategically located approximately one mile from major retail, dining, and hospitality establishments including Walmart, Gabriel Brothers, and numerous restaurants. The portfolio includes three single-story office buildings (5,200 sq ft, 6,178 sq ft, and 2,400 sq ft) and one two-story multifamily building (8,344 sq ft) with eight two-bedroom, one-bathroom units. Constructed in 1985 and renovated in 2020, the buildings feature wood frame construction with brick and wood siding. The office spaces are largely leased, with only one suite currently vacant. The multifamily component boasts a high occupancy rate of 87.5%. The property benefits from ample parking and is situated outside city limits with no zoning restrictions, offering significant flexibility for future development or expansion. This well-maintained property presents a strong cash flow potential and a compelling investment opportunity in a desirable location. The asking price is $1,800,000.

Highlights

  • Outside city limits, offering development flexibility.
  • No zoning restrictions.
  • Ample parking.
  • Multifamily building: 87.5% occupancy.
  • Office buildings: Nearly fully leased, with only one suite vacant.

Property Details for 300 Scott Ave

Property type
Office properties, Mixed-use properties
Square Feet
22,122 SF
Year Built/Renovated
1985/2020
Buildings
4
Lot Size (sq. ft)
87,556 SF
Units
14

Location Insight

City
Morgantown
County
Monongalia
State
West Virginia
Latitude
39.58656041
Longitude
-79.96578468
300 Scott Ave, Morgantown, West Virginia

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300 Scott Ave
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