2045 University Avenue, Morgantown, WV 26505

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List Price
$950,000
Status
ACTIVE
Days on Market
288
Price Change
▲ $55,000 1782323094
MLS#
10162829
Style
Contemporary
Year Built
1964
Living Area
3,911
Lot Size
5,014
Acres
0.12

Property Description

High-Yield Tri-Unit on University Avenue: Maximize your portfolio with this versatile, income-generating commercial property perfectly positioned for high visibility in Morgantown. This tri-unit building offers an incredible mix of established retail, a high-demand specialty tenant, and massive value-add potential in the lower level. Unit 1: The Superette Currently under a lease at $2,573.43/month. This 1,271 sq. ft. space (31' x 41') provides a consistent anchor for the building’s cash flow. Unit 2: The Dispensary A premier 1,353 sq. ft. retail space (33' x 41') currently leased at $5,536.50/month. This lease features a strategic "future-proof" clause: should recreational cannabis be legalized, the rent automatically adjusts to $8,000.00/month, offering a massive built-in boost to your ROI. Unit 3: The Entertainment Potential (Lower Level) The 1,287 sq. ft. dry, unfinished basement is a blank canvas ready for a bar, arcade, or lounge. Equipped with its own 200-amp service and existing plumbing for a kitchen and bathroom, it is primed for development. Lease Option: The owner is also open to leasing the basement separately for $1,200/month plus pro-rata taxes and insurance—perfect for a startup or satellite location. Whether you are looking for a turnkey investment with guaranteed appreciation or a multi-use space in the heart of the action, this property is a rare find. Schedule your private tour today to see the numbers for yourself!

Additional Information

Amenities
Library, Public Transportation
Interior Features
9ft+ Ceiling
Exterior Features
Outside Lighting
Property Description
Contemporary
Zoning
General Commercial
Flooring
Wood
Appliances
Other
Heating
Central Heat, Forced Air
Air Conditioning
Central Air
Exterior Construction
Block
Exterior Features
Wood
Stories
1
Roof
Rolled
Foundation
Block
Parking
Off-Street Parking, 3+ Cars
Elementary School
Suncrest Elementary
Middle School
Suncrest Middle
High School
Morgantown High
View
Neighborhood

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Calculator source: Real Geeks

Listing courtesy of JAMES CRAIG with BLUE SKY REALTY, LLC