For Sale
$2,320,000

University Town Centre Dr Morgantown, WV 26501

Prime Morgantown commercial land

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 2.9-acre commercial lot in Morgantown, West Virginia, presents a unique investment opportunity. Located within the University Town Centre, this Class A property boasts a highly desirable location between the Courtyard by Marriott and Star Furniture, directly across from the Monongalia County Ballpark. The site offers stunning views and benefits from high visibility due to its proximity to major roadways and significant daily traffic volume of approximately 40,000 cars on Interstate 79 (a new interchange is under construction a quarter mile away). The property is zoned for commercial use and is currently vacant, providing flexibility for various development options. With 108 parking spaces available, this site is ideal for a restaurant or other hospitality-related businesses. The area's strong demographics are further enhanced by the presence of neighboring anchors such as Walmart, Sam's Club, and Target, as well as the WVU Healthcare Complex. The ballpark hosts roughly 80 games annually, attracting 2,000-4,000 attendees per game from March to September. The lot is divisible into two out-parcels, offering potential for multiple tenants or development phases. The asking price is $2,320,000, with a land value of $800,000 per acre. This property represents a rare opportunity to capitalize on a prime location in a thriving market. Potential development plans could include a restaurant (with potential footprints of 10,080 sq ft and 5,800 sq ft).

Highlights

  • 2.9-acre commercial lot in Morgantown, WV's University Town Centre, between Courtyard by Marriott and Star Furniture.
  • High-visibility location with daily traffic exceeding 40,000 vehicles on I-79 (new interchange under construction nearby).
  • Zoned commercial, currently vacant, divisible into two out-parcels, offering flexibility for various development options.
  • 108 parking spaces available. Potential for restaurants (10,080 sq ft and 5,800 sq ft options).
  • Asking price: $2,320,000 ($800,000/acre).

Property Details for 0 University Town Centre Dr

Property type
Lifestyle centers, Power centers
Class
A
Lot Size (sq. ft)
126,324 SF

Location Insight

City
Morgantown
County
Monongalia
State
West Virginia
Latitude
39.644197032991
Longitude
-79.995064002057

FAQs

What type of property is this?
Lifestyle center - Prime Morgantown commercial land
Where is the lifestyle center located?
The property is located at University Town Centre Dr Morgantown, WV.
What is the asking price?
The asking price for this property is $2,320,000.
What are key features of this property?
This property features: 2.9-acre commercial lot in Morgantown, WV's University Town Centre, between Courtyard by Marriott and Star Furniture.; High-visibility location with daily traffic exceeding 40,000 vehicles on I-79 (new interchange under construction nearby).; Zoned commercial, currently vacant, divisible into two out-parcels, offering flexibility for various development options.
How can I contact the broker?
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0 University Town Centre Dr
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