3109 University AveMorgantown, WV 26505

Property Details for 3109 University Ave

Lot size

0.50 AC

Property type

Strip malls

Property subtype

Neighborhood centers

APN

31-15- 7-0258.0000

APU

3115702580000

Description

This exceptional 8,000 square foot commercial property, located at 3109 University Avenue in Morgantown, West Virginia, presents a significant investment opportunity. Situated on a generous 0.85-acre lot, the property offers ample space for a variety of commercial uses. The building's substantial size allows for flexible layouts to accommodate diverse business needs, from retail and office space to specialized commercial ventures. Its prime location on University Avenue ensures high visibility and accessibility, benefiting from significant foot and vehicle traffic. The property's potential is further enhanced by its proximity to the vibrant Morgantown community, offering easy access to a diverse range of amenities and services. The asking price of $1,875,000 reflects the property's considerable size, strategic location, and the potential for substantial returns on investment. This is a rare opportunity to acquire a large-scale commercial property in a thriving West Virginia market. Serious inquiries are encouraged to explore the possibilities this property offers. Further details regarding zoning and permitted uses are available upon request. Don't miss this chance to secure a prime commercial asset in a dynamic and growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $7,589,840

  6.5%

  $7,006,006

  7%

  $6,505,577

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,929,992

  Geo Method

  $10,929,992

• Alternative Use

  Use

  Valuation

  Residential

  $5,909,828

  Hospitality

  $5,413,371

  Educational

  $4,503,861

  Medical

  $4,658,756

  Retail

  $7,006,006

Location Insight

City

Morgantown

County

Monongalia

State

West Virginia

Latitude

39.6541

Longitude

-79.9702

CBSA code

34060

CBSA name

MORGANTOWN, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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