132 High StMorgantown, WV 26501

Property Details for 132 High St

Lot size

0.14 AC

Property type

Parking lots & garages

APN

31-09- 37-0099.0000

APU

31093700990000

Description

This exceptional 6,400-square-foot commercial property, situated on a 0.67-acre lot in Morgantown, West Virginia, presents a unique investment opportunity. Previously operating as a car wash, the L-shaped building offers ample space for various uses. Its prime location along South High Street ensures high visibility to significant daily traffic flow. The property boasts easy access for vehicles of all sizes, with convenient wash and vacuum bays. Investors can choose to operate the existing structure or pursue redevelopment to suit alternative business needs. Its proximity to West Virginia University's main campus and downtown Morgantown provides immediate access to a large customer base and numerous amenities. The property's strategic location offers easy access to major roadways, including I-79 (Exit 152), I-68 (Exits 1 and 7), enhancing its appeal and accessibility. A 2015 West Virginia Department of Highways report indicates a daily traffic count of 20,246 vehicles on nearby Beechurst Avenue, further highlighting the property's high visibility and potential. The asking price is $745,000, translating to $116.41 per square foot. This one-story building is classified as Class C and is located within Morgantown city limits at 132 S High St, Morgantown, WV 26501. This property offers significant potential for a savvy investor seeking a high-traffic location with redevelopment possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $2,103,099

  6.5%

  $1,941,322

  7%

  $1,802,656

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,028,635

  Geo Method

  $3,028,635

• Alternative Use

  Use

  Valuation

  Residential

  $1,637,578

  Hospitality

  $1,500,012

  Educational

  $1,247,993

  Medical

  $1,290,913

  Retail

  $1,941,322

Location Insight

City

Morgantown

County

Monongalia

State

West Virginia

Latitude

39.6246

Longitude

-79.9607

CBSA code

34060

CBSA name

MORGANTOWN, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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