300 Scott AveMorgantown, WV 26508

Property Details for 300 Scott Ave

Property type

Residential income properties

Property subtype

Garden apartment buildings

APN

31-05- 3-0046.0007

APU

3105300460007

Description

This exceptional investment opportunity presents a portfolio of four buildings totaling 22,122 square feet on a 2.01-acre lot in Morgantown, West Virginia. The property comprises a mix of office and multifamily space, strategically located approximately one mile from major retail, dining, and hospitality establishments including Walmart, Gabriel Brothers, and numerous restaurants. The portfolio includes three single-story office buildings (5,200 sq ft, 6,178 sq ft, and 2,400 sq ft) and one two-story multifamily building (8,344 sq ft) with eight two-bedroom, one-bathroom units. Constructed in 1985 and renovated in 2020, the buildings feature wood frame construction with brick and wood siding. The office spaces are largely leased, with only one suite currently vacant. The multifamily component boasts a high occupancy rate of 87.5%. The property benefits from ample parking and is situated outside city limits with no zoning restrictions, offering significant flexibility for future development or expansion. This well-maintained property presents a strong cash flow potential and a compelling investment opportunity in a desirable location. The asking price is $1,800,000.

Location Insight

City

Morgantown

County

Monongalia

State

West Virginia

Latitude

39.5869

Longitude

-79.966

CBSA code

34060

CBSA name

MORGANTOWN, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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