430 Drummond StMorgantown, WV 26505

Property Details for 430 Drummond St

Lot size

1.14 AC

Property type

Office buildings

APN

31-15- 6-0018.0001

APU

3115600180001

Description

This Class A, two-story office building at 430 Drummond Street in Morgantown, WV, offers 8,100 square feet of immediately available space across two suites. The building totals 12,000 square feet and features 40 parking spaces. One suite, located on the first floor, encompasses approximately 6,000 square feet and includes 15 private offices, a conference room, and a break room. The second-floor suite offers approximately 2,100 square feet with four private offices, a conference room, and a kitchenette. Both suites boast perimeter offices, providing excellent natural light. The building is situated in the heart of Suncrest, a highly desirable area with exceptional visibility along a major thoroughfare. Its proximity to West Virginia University's Health Sciences Center campus, Ruby Memorial Hospital, restaurants, and shopping centers makes it an ideal location for various businesses. The high daily traffic count of 32,493 vehicles at the nearby intersection further enhances its accessibility and visibility. Built in 2000, this property offers a minimum divisible space of 2,100 square feet. Up to one year of rent abatement may be available with a suitable lease term.

• CAP approach

  CAP return

  Valuation

  6%

  $11,819,113

  6.5%

  $10,909,950

  7%

  $10,130,668

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,928,621

  Geo Method

  $9,928,621

• Alternative Use

  Use

  Valuation

  Residential

  $13,528,339

  Hospitality

  $12,391,885

  Educational

  $10,309,903

  Medical

  $10,664,477

  Retail

  $16,037,627

Location Insight

City

Morgantown

County

Monongalia

State

West Virginia

Latitude

39.6517

Longitude

-79.8759

CBSA code

34060

CBSA name

MORGANTOWN, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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