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    7 Chaplin Hl Rd Morgantown, WV 26501

    Sponsored
    For Sale
    $2,125,000

    Prime location, 2,383 sq ft, former bank.

    Property size:
    2,383 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 2,383 square foot former bank building is situated on a 1.05-acre lot in Morgantown, West Virginia, at 7 Chaplin Hill Road. The single-story building features three covered drive-thru lanes totaling 1,188 square feet, ideal for various commercial uses. Its prime location offers excellent visibility from a signalized intersection and is conveniently located near I-79, Exit 155, approximately 0.1 miles away, placing it within the thriving University Town Centre, a major shopping destination in Greater Morgantown. The property boasts off-street parking and a vault, adding to its versatility. The asking price is $2,125,000. The current tenant will require a 120-day vacancy period post-closing. The high-traffic area along US Highway 19 sees 40,552 vehicles daily (2021 data from Kalibrate Technologies). West Virginia University's main campus and downtown Morgantown are a short 3.5-mile drive. The property is zoned for office and retail use. This presents a unique opportunity for investors seeking a high-visibility commercial property in a rapidly growing area.

    Property Features for 7 Chaplin Hl Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,383 SF
    Lot Size
    45,738 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • Excellent signage opportunities.
    • Three drive‑thru lanes totaling 1,188 square feet.
    • High visibility from a signalized intersection.
    • Ample off‑street parking.
    • Secure vault included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    Map

    City
    Morgantown
    County
    Monongalia
    State
    West Virginia
    Longitude
    -80.001045695606
    Latitude
    39.658072420155

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    FAQs

    What type of property is this?
    Individual retail property - Prime location, 2,383 sq ft, former bank.
    Where is this individual retail property located?
    The property is located at 7 Chaplin Hl Rd Morgantown, WV.
    What is the asking price?
    The asking price for this property is $2,125,000.
    What are key features of this property?
    This property features: Excellent signage opportunities.; Three drive-thru lanes totaling 1,188 square feet.; High visibility from a signalized intersection.
    Request Owner's contact information
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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

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    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
    7 Chaplin Hl Rd Morgantown, WV 26501
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