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 properties

Property subtype

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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