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2045 University Avenue, Morgantown, WV 26505

$895,000
SQUARE FEET 3,911
MLS# 10162829
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STATUS: Active
PROPERTY TYPE: Multi Unit - Multiple

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!

2045 University Avenue | MLS# 10162829

This multi-family property located at 2045 University Avenue, Morgantown, WV 26505 is currently listed for sale with an asking price of $895,000. Search Morgantown real estate on www.wvheritagerealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Cooling: Central Air
Heating: Central Heat, Forced Air
Home Style: Contemporary
Lot Size: 0.12 Acres
Roof Type: Rolled
Stories: 1.0
Year Built: 1964

Amenities

9ft+ Ceiling
Outside Lighting

Feature Descriptions

Basement Features: Unfinished, Concrete Floor, Exterior Access
Community Amenities: Library, Public Transportation
Construction: Block
Days on Site: 120
Equipment: Smoke Detectors, Sprinkler System
Exterior: Wood
Lot Features: Other
Parking Notes: 3+ Cars, Off-Street Parking
Sewer: City Sewer
Special View Info: Neighborhood
Units: 3
Water: City Water

Local Schools

High School: Morgantown High
Middle School: Suncrest Middle
Elementary School: Suncrest Elementary

Listed By / Shown By

Listed By

Agency Name: BLUE SKY REALTY, LLC
Agency Phone: 304-292-7990
Agent Name: JAMES CRAIG

Shown By

Agency Title: Heritage Real Estate Co.
Agency Phone: (304) 612-3746

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Estimated Payment

$ 2,252.92 per month $1,991.88 Principal & Interest $0.00 Property Tax (data not provided by mls) $261.04 Homeowner's Insurance

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Bill Porter, Broker (304) 612-3746
207 Aurora Dr
Morgantown, WV 26508

WEST VIRGINIA LICENSES BROKER WVB240300963
AGENCY 010271-00

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Agency License Information: 010271-00

Broker License No. WVB240300963
Office License No. 010271-00

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