1370 University AveMorgantown, WV 26505

Property Details for 1370 University Ave

Lot size

0.23 AC

Property type

Retail space

APN

31-11- 26A-0082.0000

APU

311126A00820000

Description

This exceptional commercial property at 1370 University Avenue in Morgantown, West Virginia, presents a unique investment opportunity. The two-story, 10,720-square-foot building, constructed in 1947 and renovated in 1985, offers flexible space options suitable for various commercial uses, including retail, office, and restaurant. Currently, the entire 10,720 square feet is vacant and available for lease. The minimum divisible space is 1,536 square feet, while the maximum contiguous space is the entire building. The property boasts a prime downtown location, providing high visibility and convenient access to West Virginia University's main campus, the Walnut Street PRT, and numerous amenities. Ample parking is available with 24 off-street spaces across two paved lots. The building's strategic location offers easy access to major roadways, including I-79 (Exit 152, approximately 2.5 miles), I-68 (Exit 1, approximately 3.5 miles), and I-68 (Exit 7, approximately 5 miles). The 0.36-acre lot provides ample space and potential for future development. This property is ideal for businesses seeking a prominent location in a thriving downtown area. The building features two suites and is situated in Monongalia County, zip code 26505.

• CAP approach

  CAP return

  Valuation

  6%

  $3,550,882

  6.5%

  $3,277,737

  7%

  $3,043,613

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,113,562

  Geo Method

  $5,113,562

• Alternative Use

  Use

  Valuation

  Residential

  $2,764,894

  Hospitality

  $2,532,628

  Educational

  $2,107,117

  Medical

  $2,179,584

  Retail

  $3,277,737

Location Insight

City

Morgantown

County

Monongalia

State

West Virginia

Latitude

39.6313

Longitude

-79.9567

CBSA code

34060

CBSA name

MORGANTOWN, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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