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    I-68 E & Cheat Rd Morgantown, WV 26508

    For Lease
    Contact for pricing

    High-traffic shopping center, space available

    Lot size:
    111,162 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Pierpont Centre, located at I-68 E & Cheat Road in Morgantown, West Virginia (zip code 26508), presents a prime retail investment opportunity. This multi-tenant shopping center boasts a total of 111,162 square feet, with 6,845 square feet currently vacant. The available space totals 1,725 square feet, ideal for a variety of retail uses. The property enjoys a highly desirable location, just three miles from West Virginia University and downtown Morgantown, ensuring consistent high foot traffic. Anchored by well-known national retailers such as Five Below, Michaels, Hallmark, and Dollar Tree, Pierpont Centre benefits from established brand recognition and a strong customer base. The center's average customer visit frequency is an impressive 4.67, indicating significant consumer loyalty and repeat business. Ample parking is available with 797 spaces to accommodate shoppers and employees. Located in Monongalia County, this property offers excellent visibility and accessibility from I-68 E. This is a rare opportunity to acquire a stake in a thriving retail center in a dynamic and growing market. The property's strong tenant mix, high foot traffic, and convenient location make it an attractive investment for both seasoned and emerging investors seeking a stable and profitable retail asset.

    Property Features for I-68 E & Cheat Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    111,162 SF

    Unit(s) available at that property

    Space
    Suite 13 (Hair Salon Ready)
    Size
    1,725 SF

    HighLights

    • Stabilized grocery‑anchored regional shopping center.
    • Dominant retail destination east of downtown Morgantown.
    • Three miles from West Virginia University and downtown Morgantown.
    • Proximity to WVU's Morgantown campus with 26,839 students (2019 enrollment).
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Morgantown
    County
    Monongalia
    State
    West Virginia
    Longitude
    -79.900067
    Latitude
    39.6325538

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic shopping center, space available
    Where is this lifestyle center located?
    The property is located at I-68 E & Cheat Rd Morgantown, WV.
    What are key features of this property?
    This property features: Stabilized grocery-anchored regional shopping center.; Dominant retail destination east of downtown Morgantown.; Three miles from West Virginia University and downtown Morgantown.
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    I-68 E & Cheat Rd Morgantown, WV 26508
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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
    I-68 E & Cheat Rd Morgantown, WV 26508
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