450 452 & 454 Scotts Run Road Morgantown, WV 26504
COMMERCIAL - Morgantown, WV
Property Features for 450 452 & 454 Scotts Run Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2933
Listing agent Jordan Kiger (304) 592-6000
Listing office Joe R. Pyle Complete Auction and Realty Service 5546 Benedum Drive, Shinnston, WV (304) 592-6000
Listing date Mar 31, 2026
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 452 and 454 Scotts Run Road parcels include 4,500+/- square feet and three storefronts that are leased together. The public remarks indicate all storefronts are leased, with the storefronts rented at $500/month. The listing is being offered for sale via public auction, with online bidding only, scheduled for Thursday, April 30th at 6:00 PM.
For buyers seeking a small mixed-use portfolio, this configuration offers a combination of leased retail space alongside an on-site residential unit. The current music studio/instructing use at the 450 building may also support tenants or operators looking for an existing improvement that can be adapted for compatible retail or service concepts, subject to applicable requirements.
Key Highlights
- Mixed‑use auction property at 450, 452 & 454 Scotts Run Rd, Morgantown, WV
- 450 Scotts Run Rd includes a 2,136 +/- SF building currently used as a music studio/instructing space
- 450 Scotts Run Rd is rented for $300/month and described as in good condition
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.6k | $10.56 |
| − Vacancy | −$406 | −$0.19 |
| EGI | $22.2k | $10.37 |
| − OpEx | −$10.0k | −$4.67 |
| NOI | $12.2k | $5.70 |
