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    Nolan Ave Morgantown, WV 26501

    Sponsored
    For Sale
    $375,000

    Prime Morgantown business land, redevelopment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.73-acre commercial land parcel presents a compelling redevelopment opportunity in Morgantown, West Virginia. Strategically located along Route 7, between the vibrant downtown area and Sabraton, this property boasts high visibility and convenient access. The land is level and features approximately 130 feet of road frontage, maximizing its potential for various commercial ventures. Currently zoned for business, this site offers significant advantages for developers seeking a prime location. The property comprises three contiguous vacant parcels, providing flexibility in design and development. A notable feature is the existing infrastructure, including taps for nine mobile homes, which could be leveraged or repurposed. This presents a unique opportunity to capitalize on existing utilities while creating a modern commercial space. Its proximity to established businesses, such as a Pizza Hut, further enhances its appeal and potential for attracting customers and tenants. This is an ideal location for a variety of commercial uses, offering significant potential for return on investment. The property's level topography simplifies construction and minimizes site preparation costs. With its prime location, ample frontage, and existing infrastructure, this property is ready for its next chapter. Serious inquiries are encouraged. The address is 315 Nolan Avenue, Morgantown, WV 26501.

    Property Features for 0 Nolan Ave

    General Information

    Property type
    Land
    Lot Size
    31,799 SF

    HighLights

    • 0.73‑acre commercial land parcel in Morgantown, WV, ideal for redevelopment.
    • High‑visibility location on Route 7, between downtown and Sabraton, offering convenient access.
    • Level lot with approximately 130 feet of road frontage, zoned for business.
    • Three contiguous vacant parcels provide flexibility for development.
    • Existing infrastructure includes utilities for nine mobile homes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Morgantown
    County
    Monongalia
    State
    West Virginia
    Longitude
    -79.9461526
    Latitude
    39.6256168

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    FAQs

    What type of property is this?
    Land - Prime Morgantown business land, redevelopment opportunity.
    Where is this land located?
    The property is located at Nolan Ave Morgantown, WV.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: 0.73-acre commercial land parcel in Morgantown, WV, ideal for redevelopment.; High-visibility location on Route 7, between downtown and Sabraton, offering convenient access.; Level lot with approximately 130 feet of road frontage, zoned for business.
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    Nolan Ave Morgantown, WV 26501
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    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
    Nolan Ave Morgantown, WV 26501
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