2199 Cheat RdMorgantown, WV 26508

Property Details for 2199 Cheat Rd

Lot size

0.74 AC

Property type

Healthcare properties

Property subtype

Medical offices

APN

31-18- 14-0058.0008

APU

31181400580008

Description

This exceptional commercial property, located at 2199 Cheat Road in Morgantown, West Virginia, presents a unique investment opportunity. The property boasts a substantial 4,070 square feet of building space situated on a generous 0.74-acre lot. Its versatile "Other" property type allows for a wide range of potential uses, making it an attractive prospect for entrepreneurs and investors alike. The strategic location in Morgantown offers excellent access to local amenities, transportation routes, and a thriving community. The asking price of $24 million reflects the significant potential this property holds. Given the size of the lot and building, this property is ideal for redevelopment or expansion, offering considerable flexibility for future development plans. The substantial square footage provides ample space for a variety of commercial ventures. This is a rare opportunity to acquire a significant commercial property in a desirable location within Morgantown. Serious inquiries are encouraged to explore the possibilities this property offers. Further details regarding zoning and permitted uses are available upon request. Don't miss this chance to secure a prime commercial asset in a growing market. The property's size and location make it a compelling investment for those seeking a strong return on their investment.

• CAP approach

  CAP return

  Valuation

  6%

  $7,672,022

  6.5%

  $7,081,867

  7%

  $6,576,019

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,444,866

  Geo Method

  $6,444,866

• Alternative Use

  Use

  Valuation

  Residential

  $8,781,515

  Hospitality

  $8,043,820

  Educational

  $6,692,364

  Medical

  $6,922,525

  Retail

  $10,410,344

Location Insight

City

Morgantown

County

Monongalia

State

West Virginia

Latitude

39.6738

Longitude

-79.8531

CBSA code

34060

CBSA name

MORGANTOWN, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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