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Property profile & analytics
FOR SALE
Retail space

408 Boyers Ave Morgantown, WV 26505

0.08 ac lot
Individually Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US94-0140738
Property summary
AI-generated overview

This exceptional commercial property, located at 408 Boyers Avenue in Morgantown, West Virginia, presents a unique investment opportunity. The building boasts a substantial 6,257 square feet of space, offering ample room for a variety of commercial uses. Situated on a conveniently sized 0.27-acre lot, the property provides ample parking and potential for expansion or outdoor amenities. The asking price is $895,000, representing a compelling value in the vibrant Morgantown market. The property's versatile layout and prime location make it ideal for businesses seeking a prominent presence in a thriving community. Its substantial square footage allows for diverse configurations to suit various business needs, from retail spaces to offices or light industrial operations. The property's location in Morgantown offers easy access to major transportation routes, ensuring convenient commutes for employees and customers alike. This presents a rare chance to acquire a well-positioned commercial property with significant potential for growth and return on investment. The property is categorized as "Other," suggesting flexibility in its potential uses, and invites interested parties to explore its possibilities further. Serious inquiries are encouraged to investigate this promising commercial real estate offering. The property is ready for immediate occupancy, providing a seamless transition for new businesses. Its strong location and generous square footage make it a highly attractive proposition for discerning investors and entrepreneurs.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 0.08 ac (3,615 SF)
APN 31-17- 2-0042.0000
UPID US94-0140738
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • L G Lamp Co (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Larry Goodwin Ahmed · 4 yrs held
Larry Goodwin Ahmed
since 2021
5 recorded transactions
2021
Price N/A
2021
Price N/A
2016
Price N/A
2015
Price N/A
2015
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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