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    828 Fairmont Rd Morgantown, WV 26501

    Sponsored
    For Sale
    $1,525,000

    Prime 1.32-acre retail development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.32-acre commercial property at 828 Fairmont Road, Morgantown, West Virginia, presents a remarkable development opportunity. Previously occupied by a grocery store, this cleared site is fully prepared for construction, boasting all essential utilities already in place. The property offers 155 shared parking spaces, conveniently located alongside a new Dollar Tree currently under development. Its strategic location provides unparalleled access to major transportation arteries, including proximity to I-79 (less than half a mile) and I-68 (2 miles), as well as the expanding University Town Center. This high-traffic area ensures excellent visibility and accessibility for any commercial venture. The site's versatility allows for a wide range of development possibilities, including retail, dining establishments, office space, or mixed-use projects. The asking price for this exceptional property is $1,525,000. The property is vacant and zoned for commercial use. The lot size is 1.32 acres, and the address is 828 Fairmont Rd, Morgantown, WV 26501. This is a truly unique opportunity to capitalize on a prime location in a thriving West Virginia market.

    Property Features for 828 Fairmont Rd

    General Information

    Property type
    Lifestyle centers
    Lot Size
    57,499 SF

    HighLights

    • 1.32‑acre commercial lot at 828 Fairmont Rd, Morgantown, WV.
    • All utilities are connected on‑site.
    • 155 shared parking spaces available, adjacent to a new Dollar Tree.
    • Excellent location with easy access to I‑79, I‑68, and University Town Center.
    • Ready for immediate development; suitable for retail, restaurants, office, or mixed‑use projects.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Morgantown
    County
    Monongalia
    State
    West Virginia
    Longitude
    -79.9821972
    Latitude
    39.6330026

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    FAQs

    What type of property is this?
    Lifestyle center - Prime 1.32-acre retail development site.
    Where is this lifestyle center located?
    The property is located at 828 Fairmont Rd Morgantown, WV.
    What is the asking price?
    The asking price for this property is $1,525,000.
    What are key features of this property?
    This property features: 1.32-acre commercial lot at 828 Fairmont Rd, Morgantown, WV.; All utilities are connected on-site.; 155 shared parking spaces available, adjacent to a new Dollar Tree.
    Request Owner's contact information
    828 Fairmont Rd Morgantown, WV 26501
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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
    828 Fairmont Rd Morgantown, WV 26501
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