1370 University AveMorgantown, WV 26505
- Retail properties
- 0.23 AC
Property Details for 1370 University Ave
- Lot size
- 0.23 AC
- Property type
- Retail properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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