Active

2009 University Avenue

Morgantown WV, 26505

$1,600,000


$151.83 per sqft

Active

4 Baths

10,538 sqft

Multi-family

Built in 1953

Prime Investment Opportunity in Morgantown, WV! Discover a unique investment opportunity located just across the street from the bustling West Virginia University Downtown Campus. This versatile multi-unit/multi-use commercial property, built in 1953, boasts an all-brick construction and has been meticulously maintained over the years. Encompassing the majority of a 0.07-acre lot, this property offers a prime location with high visibility and foot traffic. This prime location offer two storefronts. One hosting a vibrant restaurant and the other a retail space sure to attract the many students who travel past daily, both in the early months of extended lease terms. These commercial units provide dependable, long-term income potential for your investment. Located just above, you will find four spacious 4-bedroom, 1-bathroom apartments that are brimming with natural light. These units are ideal for student housing, given their proximity to WVU, ensuring a consistent demand and attractive rental income. Additionally, you will find a versatile basement area that can serve as a lessor staging area or be remodeled for additional retail, restaurant, or bar space, offering further/future income potential. This property's unbeatable location, directly across from WVU's Downtown Campus, ensures constant demand from both students and local businesses. The combination of commercial and residential units, along with the potential for additional development in the basement, makes this a remarkable investment opportunity. Seize the chance to own a piece of Morgantown's vibrant community and a piece of its history with this well-maintained, prime location property. Whether you're an experienced investor or new to the market, this opportunity promises both stability and growth. Can be packaged with mls#10154912 - 301 First Street. Don't miss out on this fantastic investment opportunity - call today!

10155051

MLS ID

June 27, 2024

Listed

October 11, 2024

Updated

Map

2009 University Avenue
Morgantown WV, 26505

Interior Features

Total Stories

3


Total Bathrooms

4


Full Bathrooms

4


Interior Features

Gas Stove Connection, Electric Stove Connection, 9 ft Ceiling, Full, Partially Finished, Concrete Floor, Drop Ceiling


Appliances

Range, Refrigerator


Floor Description

Wall-to-Wall Carpet, Vinyl, Concrete, Luxury Vinyl Plank


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Window Unit(s), Ceiling Fan(s)


Heating

Yes


Heating Description

Forced Air, Gas

Exterior/Building Features

Lot Size

0.07 Acres


Exterior Features

Fire Escape


Lot Features

None


Architectual Style

Other


Roof

Rubber


Sewer

City Sewer, City Water

School Information

High School

Morgantown High


Elementary School

Suncrest Elementary

Other Property Details

Area Name

Monongalia/Morgantown


Taxes

$5,577


Tax Frequency

Annually


Association Fee

$3,049


Garage

No


Parking

Street Parking, Other


View

Yes


View Description

Other


County

Monongalia


Municipality

144


Pool

No


Zoning

Special Business

Courtesy of BERKSHIRE HATHAWAY HOMESERVICES TOUCHDOWN HOME PROS REALTY

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Morgantown Home Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 WV - North Central West Virginia MLS (NCWV). All rights reserved.

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