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    1370 University Ave Morgantown, WV 26505

    Sponsored
    For Sale
    $990,000

    Prime location, versatile space, high visibility.

    Property size:
    10,720 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property at 1370 University Avenue in Morgantown, West Virginia, presents a unique investment opportunity. The 10,720 square foot building, constructed in 1947 and renovated in 1985, boasts a desirable downtown location, offering high visibility and convenient access to numerous amenities. The property features two units: approximately 1,536 square feet of restaurant space facing University Avenue, and approximately 9,011 square feet of adaptable retail/office space accessible from both University Avenue and Chestnut Street. A significant advantage is the inclusion of approximately 24 off-street parking spaces distributed across two paved lots. This two-story building sits on a 0.36-acre lot and is ideally situated within walking distance of West Virginia University's main campus, the Walnut Street PRT, and various local businesses. Its strategic location also provides easy access to major roadways, including I-79 (Exit 152, approximately 2.5 miles), I-68 (Exit 1, approximately 3.5 miles), and I-68 (Exit 7, approximately 5 miles). The asking price is $990,000, translating to $92.35 per square foot. This property's adaptable layout, prime location, and ample parking make it an attractive investment for a variety of businesses.

    Property Features for 1370 University Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,720 SF
    Lot Size
    15,682 SF

    Building Details

    Year Built/Renovated
    1947/1985
    Stories
    2
    Units
    2

    HighLights

    • 10,720 SF mixed‑use building on a 0.36‑acre lot in downtown Morgantown, WV.
    • Two units: 1,536 SF restaurant space and 9,011 SF adaptable retail/office space.
    • 24 off‑street parking spaces.
    • High visibility location near WVU's main campus, PRT, and major roadways (I‑79, I‑68).
    • Asking price: $990,000 ($92.35/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Vocelli Pizza Pizza Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Morgantown
    County
    Monongalia
    State
    West Virginia
    Longitude
    -79.9565603
    Latitude
    39.6313666

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    FAQs

    What type of property is this?
    Individual retail property - Prime location, versatile space, high visibility.
    Where is this individual retail property located?
    The property is located at 1370 University Ave Morgantown, WV.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: 10,720 SF mixed-use building on a 0.36-acre lot in downtown Morgantown, WV.; Two units: 1,536 SF restaurant space and 9,011 SF adaptable retail/office space.; 24 off-street parking spaces.
    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

    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
    1370 University Ave Morgantown, WV 26505
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