Back to Search

Morgantown Commercial Property For Sale

1053 Maple Dr, Morgantown, WV 26505

View on Map

For Sale

Contact for pricing

Commercial property in high-demand location, 70% occupied.

Type:Mixed Use, Office, Retail

Property size:

11,600 SF

Price / SF:

$254/SF

HighLights

Strategically located between Ruby Memorial Hospital and Mon General Hospital in Morgantown, WV.
Built in 2020, indicating modern construction.
Located in the high‑demand Evansdale/Suncrest area.
Commercial property offering a lucrative investment opportunity.
Currently 70% occupied, providing immediate income.
Versatile space with potential for additional income.

We can help!

Contact an agent

Samuel Bossio

For Sale

Contact for pricing

Commercial property in high-demand location, 70% occupied.

Type:Mixed Use, Office, Retail

Property size:

11,600 SF

Price / SF:

$254/SF

Added:: Oct 3, 2024
Days on Market:: 641
Last Refresh:: May 12 at 8:51 pm

Property Features for 1053 Maple Dr

General Information

Standard status: Active
Size: 11,600 SF
Property subtype: Mixed Use, Office, Retail

Building Details

Year Built: 2020

We can help!

Contact an agent

Samuel Bossio

Listing office Petroplus & Associates, Inc.

Listing date Oct 3, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Petroplus & Associates, Inc.

HighLights

Strategically located between Ruby Memorial Hospital and Mon General Hospital in Morgantown, WV.
Built in 2020, indicating modern construction.
Located in the high‑demand Evansdale/Suncrest area.
Commercial property offering a lucrative investment opportunity.
Currently 70% occupied, providing immediate income.
Versatile space with potential for additional income.

Overview

Located at 1053 Maple Drive in Morgantown, WV, this commercial property presents a for-sale investment opportunity. The property is situated in the Evansdale/Suncrest area, between Ruby Memorial Hospital and Mon General Hospital. Currently, the property is 70% occupied. The building offers versatile space, suitable for a range of commercial uses. With established tenants already in place, this property offers the potential for additional income.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$303.5k	$26.16
− Vacancy	−$69.8k	−$6.02
EGI	$233.7k	$20.14
− OpEx	−$58.4k	−$5.04
NOI	$175.2k	$15.11

11,600 SF · lease $26.16/SF/yr · vacancy 23.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.50M

$2.19M – $2.92M (±1% cap)

NOI $175,246 @ 7.0% cap · market cap 5.94%

Second Best

Mixed Use

$1.68M

$1.47M – $1.96M (±1% cap)

NOI $117,450 @ 7.0% cap · market cap 3.98%

Theoretical Best

Office A

$3.34M

$2.93M – $3.90M (±1% cap)

NOI $234,090 @ 7.0% cap · market cap 7.94%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Northwestern Mutual of Morgantown ... Financial Advisor Northwestern Mutual: Chris ... Financial Advisor Mountaineer Roasting Co. ... Cafe & Coffee Shop

Suggested Use

Location Insight

Map
Local Demand

City: Morgantown
County: Monongalia
State: West Virginia
Longitude: -79.94828
Latitude: 39.656918

Nearby Similar for Sale

$1,275,000

10,296 SF

Fully Leased Morgantown Office Building

Exceptional commercial office building in Cheat Lake, fully leased.

230-270 Lakewood Center, Morgantown, WV 26508

View Details
$1,625,000

12,477 SF

Historic Morgantown Mixed-Use Property

Fully leased mixed-use property with restaurant and apartments in Morgantown.

156 Clay Street, Morgantown, WV 26501

View Details
$395,000

3,054 SF

Turnkey Two-Unit Duplex with Parking

Two leased units through May 2027 with off-street, blue-curb parking near the WVU campus.

512 Beverly Avenue, Morgantown, WV 26505

View Details
$299,900

3,583 SF

Three-Unit Residential Income Property

Three-unit residential income property with nine total bedrooms, positioned for an owner-operator or investor renovation plan.

213 McLane Avenue, Morgantown, WV 26505

View Details
$299,900

4,800 SF

Turnkey Bar/Restaurant Business Opportunity

Established Morgantown bar/restaurant business for sale with equipment and license.

325 High Street, Morgantown, WV 26505

View Details
$215,000

1,580 SF

Income-Producing Properties Near WVU

Two fully leased properties near WVU, a turnkey investment opportunity.

1024 Cayton Street, Morgantown, WV 26505

View Details
$700,000

5,180 SF

Morgantown Mixed-Use Corner Lot

Commercial building on busy corner lot, suitable for various businesses.

1433 Dorsey Avenue, Morgantown, WV 26501

View Details
$249,900

Commercial Property with Greenhouse

Multi-structure property with greenhouse facilities and frontage on two roads, suitable for owner-user or a variety of uses.

1738 Grafton Road, Morgantown, WV 26508

View Details
$179,000

1,700 SF

Two-Unit Income Duplex

Two-unit property on a large lot, equipped with updated electrical service and a new furnace, with off-street parking.

1951 Listravia Avenue, Morgantown, WV 26505

View Details
$2,200,000

41,600 SF

Morgantown Mixed-Use Commercial Property

7 acres with three buildings near Cheat Lake and Morgantown.

951 Point Marion Road, Morgantown, WV 26508

View Details
$165,000

2,794 SF

Leased Multi-Unit Investment Opportunity

Fully leased multi-unit property near downtown Morgantown.

444 Dorsey Avenue, Morgantown, WV 26501

View Details
$165,950

1,768 SF

Updated Duplex in Woodburn Neighborhood

Updated duplex in Morgantown's historic Woodburn neighborhood, near WVU.

839-843 Miller Street, Morgantown, WV 26505

View Details

For sale
Mixed-use properties
WV
Morgantown
26505
1053 Maple Dr

What type of property is this?

Mixed-use property - Commercial property in high-demand location, 70% occupied.

Where is this mixed-use property located?

The property is located at 1053 Maple Dr Morgantown, WV.

What is the asking price?

The asking price for this property is $2,950,000.

What are key features of this property?

This property features: Strategically located between Ruby Memorial Hospital and Mon General Hospital in Morgantown, WV.; Built in 2020, indicating modern construction.; Located in the high‑demand Evansdale/Suncrest area.

1053 Maple Dr, Morgantown, WV 26505

Commercial property in high-demand location, 70% occupied.

Property Features for 1053 Maple Dr

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Fully Leased Morgantown Office Building

Historic Morgantown Mixed-Use Property

Turnkey Two-Unit Duplex with Parking

Three-Unit Residential Income Property

Turnkey Bar/Restaurant Business Opportunity

Income-Producing Properties Near WVU

Morgantown Mixed-Use Corner Lot

Commercial Property with Greenhouse

Two-Unit Income Duplex

Morgantown Mixed-Use Commercial Property

Leased Multi-Unit Investment Opportunity

Updated Duplex in Woodburn Neighborhood

FAQs