1053 Maple DrMorgantown, WV 26505

Property Details for 1053 Maple Dr

Year built

1930

Lot size

0.63 AC

Property size (Sq ft)

1,442 SF

Property type

Office buildings

APN

31-08- 4C-0020.0000

APU

31084C00200000

Description

This exceptional commercial property at 1053 Maple Drive in Morgantown, West Virginia, offers 3,400 square feet of immediately available space within a larger 21,000 square foot building. Located in the Chestnut Ridge submarket of Monongalia County, this Class B building, constructed in 2020, boasts a prime location strategically situated between Ruby Memorial Hospital and Mon General Hospital, benefiting from high visibility and significant foot traffic. The property features multiple tenancies, with a minimum divisible space of 1,300 square feet and a maximum contiguous space of 3,400 square feet. Its versatile design caters to various business needs, including traditional office, medical office, coworking, and creative office uses. The building is a three-story structure with ample parking, easily accessible from all four sides, and situated conveniently near shopping and dining options. This location offers a significant advantage by being outside city limits, eliminating B&O taxes, and providing all utilities on-site. The property enjoys excellent visibility from Route 705, a major thoroughfare in Morgantown. Negotiable pricing is available. This is a unique opportunity to establish a thriving business in a high-traffic, convenient location. The zip code is 26505.

• CAP approach

  CAP return

  Valuation

  6%

  $343,211

  6.5%

  $316,810

  7%

  $294,181

• Comparable approach

  Method

  Valuation

  Relative Method

  $288,313

  Geo Method

  $288,313

• Alternative Use

  Use

  Valuation

  Residential

  $392,844

  Hospitality

  $359,843

  Educational

  $299,385

  Medical

  $309,682

  Retail

  $465,711

Location Insight

City

Morgantown

County

Monongalia

State

West Virginia

Latitude

39.657

Longitude

-79.9481

CBSA code

34060

CBSA name

MORGANTOWN, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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