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    1370 University Ave Morgantown, WV 26505

    Sponsored
    For Lease
    $13 SF/Yr ($11,613 /Mo)

    Downtown Morgantown office space. High visibility.

    Lot size:
    10,720 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property at 1370 University Avenue in Morgantown, West Virginia, presents a unique investment opportunity. The two-story, 10,720-square-foot building, constructed in 1947 and renovated in 1985, offers flexible space options suitable for various commercial uses, including retail, office, and restaurant. Currently, the entire 10,720 square feet is vacant and available for lease. The minimum divisible space is 1,536 square feet, while the maximum contiguous space is the entire building. The property boasts a prime downtown location, providing high visibility and convenient access to West Virginia University's main campus, the Walnut Street PRT, and numerous amenities. Ample parking is available with 24 off-street spaces across two paved lots. The building's strategic location offers 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 0.36-acre lot provides ample space and potential for future development. This property is ideal for businesses seeking a prominent location in a thriving downtown area. The building features two suites and is situated in Monongalia County, zip code 26505.

    Property Features for 1370 University Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,720 SF
    Total Rate
    11613.33

    Building Details

    Year Built/Renovated
    1947/1985
    Stories
    2

    Unit(s) available at that property

    Space
    Retail / Office Space
    Size
    9,011 SF
    Rate per SF
    $13
    Space
    Restaurant Space
    Size
    1,536 SF
    Rate per SF
    $13

    HighLights

    • High visibility location.
    • Excellent access to numerous amenities.
    • Flexible and adaptable floor plan.
    • Conveniently located within walking distance of West Virginia University's main campus and High Street.
    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
    -79.956948564418
    Latitude
    39.631373621802

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    FAQs

    What type of property is this?
    Restaurant - Downtown Morgantown office space. High visibility.
    Where is this restaurant located?
    The property is located at 1370 University Ave Morgantown, WV.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: High visibility location.; Excellent access to numerous amenities.; Flexible and adaptable floor plan.
    Request Owner's contact information
    1370 University Ave Morgantown, WV 26505
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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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