2045 University, Morgantown, WV 26505
2045 University, Morgantown, WV 26505
2045 University, Morgantown, WV 26505
2045 University, Morgantown, WV 26505
2045 University, Morgantown, WV 26505
2045 University, Morgantown, WV 26505
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Listed by JAMES CRAIG • BLUE SKY REALTY, LLC
$ 950,000
Est. payment | /mo

3,911 SqFt


Save
$ 950,000
Est. payment | /mo
Save

3,911 SqFt

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 3,911 sqft

Price per Sqft $242

MLS Listing ID 10162829

Style Contemporary

Year Built 1964

Annual Tax Amount $6,008

Tax Year 2024

Lot Size 5,227 Sqft

Property Sub-Type Other

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!

Location

State WV

County Monongalia

Area Monongalia/Morgantown

Zoning General Commercial

Direction From I-79 Take exit 155 toward WV-7/West Virginia University. Turn left onto Chaplin Hl Rd. Continue onto US-19 S for about 2+ miles then turn left onto 3rd St. Turn right onto University Ave and property will be on the right.

Rooms

Basement Concrete Floor, Exterior Access, Unfinished

Interior

Interior Features 9ft+ Ceiling

Heating Central Heat, Forced Air

Cooling Central Air

Flooring Wood

Equipment Smoke Detectors, Sprinkler System

Appliance Other

Exterior

Exterior Feature Outside Lighting

Parking Features None

Fence None

Waterfront Description None

View Neighborhood

Roof Type Rolled

Building

Story 1

Foundation Block

Sewer City Sewer, City Water

Schools

Elementary Schools Suncrest Elementary

Middle Schools Suncrest Middle

High Schools Morgantown High

Nearby Locations

Josh Hart

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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2045 University