Three-Unit Mixed-Use
2045 University Avenue, Morgantown, WV 26505
For Sale
$875,000
Two leased retail spaces accompany an unfinished lower level with separate electrical service and existing kitchen and bathroom plumbing.
Property Size3,911 SF
Price / SF$223.73
Days on Market327
Property Features for 2045 University Avenue
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Central Air
Central, Forced Air
Unfinished
Wood
Yes
No
3
Building Details
Year Built
Tenancy
Listing Agency:
BLUE SKY REALTY, LLC
Listed By:
JAMES CRAIG · License #WV0020911
(304) 292-7990
Source:
Compass
Added: Dec 17, 2025
Changed: Nov 7
Last Checked: Nov 7 at 8:56PM
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 BLUE SKY REALTY, LLC
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Investment Insights
Based on property information with market context.
The 3,911-square-foot building contains two leased retail units and an unfinished lower level. The retail spaces measure 1,271 and 1,353 square feet; the 1,287-square-foot basement has separate 200-amp service and existing plumbing for a kitchen and bathroom. Central air and forced-air heating serve the property, which was built in 1964.
At 2045 University Avenue in Morgantown, the property is zoned General Commercial. The basement may also be leased separately, subject to the owner’s stated availability.
At 2045 University Avenue in Morgantown, the property is zoned General Commercial. The basement may also be leased separately, subject to the owner’s stated availability.
Key Highlights
- Two retail suites measure 1,271 square feet and 1,353 square feet
- Unfinished 1,287‑square‑foot basement with 200‑amp service
- Existing basement plumbing for a kitchen and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,599
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$791,980
$792.0K
Cap Rate 7%
$565,700
$565.7K
Cap Rate 9%
$439,989
$440.0K
Market Conditions
NOI Build-Up for 3,911 SF
Gross rent
$70.4K $18.00/SF
− Vacancy
−$7.0K −$1.80/SF
EGI
$63.4K $16.20/SF
− OpEx
−$23.8K −$6.07/SF
NOI
$39.6K $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%
$791,980
Cap Rate 7%
$565,700
Cap Rate 9%
$439,989
Alternative Uses
Best Use
Mixed Use
$565.7K
$495.0K – $660.0K
NOI $39,599 @ 7.0% cap · market cap 4.53%
Second Best
Specialty Retail
$529.9K
$463.7K – $618.2K
NOI $37,093 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$1.13M
$986.6K – $1.32M
NOI $78,925 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
678
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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two leased retail spaces accompany an unfinished lower level with separate electrical service and existing kitchen and bathroom plumbing.
Where is this mixed-use property located?
The property is located at 2045 University Avenue Morgantown, WV.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two retail suites measure 1,271 square feet and 1,353 square feet; Unfinished 1,287‑square‑foot basement with 200‑amp service; Existing basement plumbing for a kitchen and bathroom
