331 Beechurst AveMorgantown, WV 26505

Property Details for 331 Beechurst Ave

Lot size

0.40 AC

Property type

Residential income properties

Property subtype

Garden apartment buildings

APN

31-12- 19-0023.0000

APU

31121900230000

Description

This exceptional 8,872 square foot mixed-use property presents a ground floor retail opportunity ideally situated near West Virginia University. The space, currently vacant at 6,835 square feet, is divisible down to 2,499 square feet with a maximum contiguous space of 4,336 square feet. An end-cap unit is available, featuring a designated patio perfect for outdoor seating. The building itself is a six-story structure, boasting 232 units and 420 beds within its student housing component, currently at 100% occupancy. This ensures a consistent flow of potential customers. The turnkey restaurant space includes a Type 2 hood, simplifying the setup for food-related businesses. Convenient, integral garage parking is available for retail patrons and employees. The property benefits from a high-traffic location, with Beechurst Avenue boasting an average daily traffic count of 23,557 vehicles. Public transportation is readily accessible, with a bus stop located directly at the property and a PRT station (Personal Rapid Transit) just two blocks away. This prime location, combined with the existing infrastructure and high student population density, makes this a truly unique investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $5,142,392

  6.5%

  $4,746,824

  7%

  $4,407,765

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,399,820

  Geo Method

  $5,399,820

• Alternative Use

  Use

  Valuation

  Residential

  $4,746,824

  Hospitality

  $4,348,065

  Educational

  $3,617,539

  Medical

  $3,741,952

  Retail

  $5,627,283

Location Insight

City

Morgantown

County

Monongalia

State

West Virginia

Latitude

39.6387

Longitude

-79.9593

CBSA code

34060

CBSA name

MORGANTOWN, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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