Flexible Mixed-Use
For Sale
Contact for pricing
180 Willey Street, Morgantown, WV 26505
Built in 1960, the property supports retail, office, and service uses.
Property Size7,842 SF
Price / SF$124.33
Days on Market62
Property Features for 180 Willey Street
General Information
Standard status
Active
Size
7,842 SF
Property subtype
Retail, Office, Mixed Use
Building Details
Year Built
1960
Listing Agency:
Black Diamond Realty
Listed By:
Mark J. Nesselroad · License #WV WV0029167
(304) 413-4350
Source:
Crexi
Added: Aug 19
Changed: Oct 11
Last Checked: Oct 16 at 7:38AM
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 Black Diamond Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use commercial property was constructed in 1960 and is configured to support a range of business functions, including retail, office, service, and other commercial uses. Its adaptable layout may accommodate more than one occupant and offers subdivision potential for users seeking separate areas within the building.
The property is positioned in downtown Morgantown on Willey Street, near West Virginia University’s downtown campus and High Street. That setting places the building within an established central business environment and provides a commercial location suited to businesses requiring a presence near downtown activity.
The combination of mixed-use functionality, multi-user flexibility, and subdivision potential gives the property a broad commercial profile for owner-users, investors, and operating businesses.
The property is positioned in downtown Morgantown on Willey Street, near West Virginia University’s downtown campus and High Street. That setting places the building within an established central business environment and provides a commercial location suited to businesses requiring a presence near downtown activity.
The combination of mixed-use functionality, multi-user flexibility, and subdivision potential gives the property a broad commercial profile for owner-users, investors, and operating businesses.
Key Highlights
- Mixed‑use property supporting retail, office, service, and other commercial uses
- Built in 1960
- Layout may accommodate multiple users
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,400
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,588,000
$1.6M
Cap Rate 7%
$1,134,286
$1.1M
Cap Rate 9%
$882,222
$882.2K
Market Conditions
NOI Build-Up for 7,842 SF
Gross rent
$141.2K $18.00/SF
− Vacancy
−$14.1K −$1.80/SF
EGI
$127.0K $16.20/SF
− OpEx
−$47.6K −$6.07/SF
NOI
$79.4K $10.13/SF
Area
Monongalia County, WV
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,588,000
Cap Rate 7%
$1,134,286
Cap Rate 9%
$882,222
Alternative Uses
Best Use
Office B
$1.69M
$1.48M – $1.97M
NOI $118,472 @ 7.0% cap · market cap 12.15%
Second Best
Mixed Use
$1.13M
$992.5K – $1.32M
NOI $79,400 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,253 @ 7.0% cap · market cap 16.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,539
Businesses Nearby
Explore this area
Business Placement
Demographics for 26505, WV
39,057
Population
19,220
Households
2
Avg Household Size
27
Median Age
55%
College-Educated
93%
High-School Grad
12.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$42,275
Median Household Income
$24,042
Median Earnings
$942
Median Rent
$265,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Built in 1960, the property supports retail, office, and service uses.
Where is this mixed-use property located?
The property is located at 180 Willey Street Morgantown, WV.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Mixed‑use property supporting retail, office, service, and other commercial uses; Built in 1960; Layout may accommodate multiple users
