408 Boyers AveMorgantown, WV 26505

Property Details for 408 Boyers Ave

Lot size

0.08 AC

Property type

Retail properties

Property subtype

Retail space

APN

31-17- 2-0042.0000

APU

3117200420000

Description

This exceptional commercial property, located at 408 Boyers Avenue in Morgantown, West Virginia, presents a unique investment opportunity. The building boasts a substantial 6,257 square feet of space, offering ample room for a variety of commercial uses. Situated on a conveniently sized 0.27-acre lot, the property provides ample parking and potential for expansion or outdoor amenities. The asking price is $895,000, representing a compelling value in the vibrant Morgantown market. The property's versatile layout and prime location make it ideal for businesses seeking a prominent presence in a thriving community. Its substantial square footage allows for diverse configurations to suit various business needs, from retail spaces to offices or light industrial operations. The property's location in Morgantown offers easy access to major transportation routes, ensuring convenient commutes for employees and customers alike. This presents a rare chance to acquire a well-positioned commercial property with significant potential for growth and return on investment. The property is categorized as "Other," suggesting flexibility in its potential uses, and invites interested parties to explore its possibilities further. Serious inquiries are encouraged to investigate this promising commercial real estate offering. The property is ready for immediate occupancy, providing a seamless transition for new businesses. Its strong location and generous square footage make it a highly attractive proposition for discerning investors and entrepreneurs.

• CAP approach

  CAP return

  Valuation

  6%

  $1,264,798

  6.5%

  $1,167,506

  7%

  $1,084,113

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,821,413

  Geo Method

  $1,821,413

• Alternative Use

  Use

  Valuation

  Residential

  $984,835

  Hospitality

  $902,104

  Educational

  $750,540

  Medical

  $776,352

  Retail

  $1,167,506

Location Insight

City

Morgantown

County

Monongalia

State

West Virginia

Latitude

39.6593

Longitude

-79.9887

CBSA code

34060

CBSA name

MORGANTOWN, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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