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    2050 Cityview Dr Morgantown, WV 26505

    Sponsored
    For Sale
    $800,000

    5.6-acre development site, $800,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.6-acre industrial development site, Pad 3, is situated within the highly visible Morgantown Industrial Park in Monongalia County, West Virginia, at 2050 City View Dr, Morgantown, WV 26505. Located near the southern end of the park, approximately 1.2 miles from the main entrance, this property offers significant potential for various commercial, flex, and warehouse uses. Currently accessed via a shared gravel drive with an existing business, the site boasts a minimum usable area of approximately 4 acres, with subdivision options available. A road maintenance agreement is in place, with monthly assessments based on road usage. While sidewalks and streetlights are not currently present, water, sewer, electric, and gas utilities are available from the city, requiring extension to the site. The park enjoys excellent access to major transportation arteries, including I-79 (2.2 miles from Exit 152) and the I-79/I-68 interchange (5.5 miles), as well as rail and water transportation within a few miles. The location benefits from a daily traffic count of 3,712 vehicles at the main park entrance (WVDOH, 2014). The absence of zoning restrictions provides considerable flexibility for development. The asking price for this prime property is $800,000. Lease options may also be available.

    Property Features for 2050 Cityview Dr

    General Information

    Property type
    Distribution properties
    Lot Size
    243,936 SF

    HighLights

    • 5.6‑acre pad‑ready industrial site in Morgantown Industrial Park, Monongalia County, WV.
    • Excellent access to I‑79 and I‑68, plus rail and water transportation.
    • No zoning restrictions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kitchens and Baths By ... Kitchen Remodeler Morgantown Industrial Park Business Park North Central West ... Non-Profit Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Morgantown
    County
    Monongalia
    State
    West Virginia
    Longitude
    -79.9769926
    Latitude
    39.6149558

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    FAQs

    What type of property is this?
    Distribution property - 5.6-acre development site, $800,000
    Where is this distribution property located?
    The property is located at 2050 Cityview Dr Morgantown, WV.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: 5.6-acre pad-ready industrial site in Morgantown Industrial Park, Monongalia County, WV.; Excellent access to I-79 and I-68, plus rail and water transportation.; No zoning restrictions.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2050 Cityview Dr Morgantown, WV 26505
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