709 Beechurst AveMorgantown, WV 26505

This exceptional investment opportunity presents the Seneca Center, a 46,460-square-foot shopping center in Morgantown, West Virginia. Located at 709 Beechurst Ave, this historically significant property, listed on the National Register of Historic Places, boasts 25 individual retail suites within a beautifully preserved 1895 structure. The building, constructed of 8x8 American Chestnut post and beam, features brick-lined walls and original wooden floors, creating a unique and charming atmosphere. The property includes 120 parking spaces on a 2.13-acre lot situated on a main thoroughfare, just a short distance from West Virginia University's John Chambers College of Business and Economics. The center is fully occupied (100%) by a mix of high-end, financially strong retail tenants with short-term leases, offering significant upside potential. Extensive renovations have been completed, including remediation for lead paint and asbestos, upgraded utility entrances (2 water meters, 2 gas meters, 11 three-phase electric meters), a fire suppression system, electronic fire alarm, and surveillance cameras. A new steel roof covers 30,000 square feet. Comprehensive environmental analysis (Phase I and II) by Steptoe Environmental confirms no restrictions. The property also benefits from available Historic Preservation Tax Credits, renewable upon change of ownership. This is a rare chance to acquire a landmark property with strong cash flow and significant long-term growth potential. The asking price is $1,900,000. The property features a 52,650 total square footage, with a two-story building and commercial zoning. The APN is 12-15-01960000.