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    6022 Morgantown Rd Morgantown, PA 19543

    For Sale
    Contact for pricing

    Prime 3.43-acre commercial lot near Hollywood Casino

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3.43-acre parcel of commercially zoned land presents a remarkable investment opportunity in Morgantown, Pennsylvania. Situated directly across from the newly constructed Hollywood Casino, this property boasts unparalleled visibility and accessibility. Its strategic location at the entrance to the casino and directly off the Morgantown exit of the Pennsylvania Turnpike (I-76), a major thoroughfare with a daily traffic volume of 17,150 vehicles, ensures high traffic exposure. Morgantown Road itself sees 4,516 vehicles daily, further enhancing the property's visibility and potential for attracting customers. The land is ideal for retailers and developers seeking a presence in the thriving Morgantown market. This location offers proximity to numerous national retailers, including Starbucks, Walmart, Lowe's, Sheetz, Arby's, and Taco Bell, creating a synergistic environment for business growth. The property's zoning permits commercial development, making it suitable for a wide range of uses. With its prime location, high traffic counts, and proximity to established businesses, this land offers significant potential for substantial returns. The Berks County location and 19543 zip code further solidify its appeal. This is a rare opportunity to acquire a highly visible and strategically located commercial property in a rapidly developing area.

    Property Features for 6022 Morgantown Rd

    General Information

    Property type
    Land
    Lot Size
    149,411 SF

    HighLights

    • 3.43‑acre commercially zoned land in Morgantown, PA.
    • High visibility across from the Hollywood Casino.
    • Excellent access via I‑76 (Pennsylvania Turnpike) and Morgantown Road, with high daily traffic counts.
    • Ideal for retail and commercial development.
    • Surrounded by national retailers like Starbucks, Walmart, and Lowe's.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Morgantown
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.8887273
    Latitude
    40.1640562

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    FAQs

    What type of property is this?
    Land - Prime 3.43-acre commercial lot near Hollywood Casino
    Where is this land located?
    The property is located at 6022 Morgantown Rd Morgantown, PA.
    What are key features of this property?
    This property features: 3.43-acre commercially zoned land in Morgantown, PA.; High visibility across from the Hollywood Casino.; Excellent access via I-76 (Pennsylvania Turnpike) and Morgantown Road, with high daily traffic counts.
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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
    6022 Morgantown Rd Morgantown, PA 19543
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