Automotive Shop
778 Willey St Morgantown, WV 26505
778 Willey St, Morgantown, WV, 26505
$380,000
For Sale
$380,000
Block building with two garage bays on a 0.25-acre lot, previously operated as an auto shop.
Property Size1,700 SF
Price / SF$223.53
Days on Market145
Property Features for 778 Willey St
General Information
- Standard status
- Active
- Size
- 1,700 SF
Listing agency
DANG & CO LLC
(304) 290-6618
Listed by
Ann Chen
(304) 290-6618
Source
Exprealty
Added: Feb 27 Updated: Jul 22 at 12:14AM Checked: Jul 22 at 12:14AM
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 DANG & CO LLC
Investment Insights
Based on property information with market context.
This for-sale automotive property includes an approximately 1,700 sq ft block building with two garage bays that was previously operated as an auto shop. The site also offers additional on-site parking for customers and staff.
The property is located just minutes from Downtown Morgantown and the WVU Downtown Campus.
Set on a 0.25-acre lot, the configuration supports automotive-focused operations and provides yard and parking space for day-to-day use.
The property is located just minutes from Downtown Morgantown and the WVU Downtown Campus.
Set on a 0.25-acre lot, the configuration supports automotive-focused operations and provides yard and parking space for day-to-day use.
Key Highlights
- Approximately 1,700 sq ft block building on a 0.25‑acre lot
- Two garage bays; previously operated as an auto shop
- Additional on‑site parking for customers and staff
Local Financial Insights For Retail
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 | $25.5k | $15.00 |
| − Vacancy | −$2.6k | −$1.50 |
| EGI | $23.0k | $13.50 |
| − OpEx | −$6.9k | −$4.05 |
| NOI | $16.1k | $9.45 |
1,700 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$229.5K
$200.8K – $267.8K
NOI $16,065 @ 7.0% cap · market cap 4.23%
Second Best
Industrial
$142.6K
$124.8K – $166.4K
NOI $9,982 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$490.1K
$428.8K – $571.8K
NOI $34,306 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Vic's Garage and Towing — 2-82 Wall St, Morgantown, WV 26505
- South Park Service Center — 301 Pleasant St, Morgantown, WV 26501
- Brockway Avenue Auto Repair — 429 Brockway Ave, Morgantown, WV 26501
- Traveling Nomad's Mobile oil Changes LLC — 549 Brockway Ave Apt 1, Morgantown, WV 26501
- Ervin's Auto Repair & Towing — 55 Kingwood St, Morgantown, WV 26501
FAQs
What type of property is this?
Auto shop - Block building with two garage bays on a 0.25-acre lot, previously operated as an auto shop.
Where is this auto shop located?
The property is located at 778 Willey St Morgantown, WV.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Approximately 1,700 sq ft block building on a 0.25‑acre lot; Two garage bays; previously operated as an auto shop; Additional on‑site parking for customers and staff
