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    205 Bakers Ridge Rd Morgantown, WV 26508

    Sponsored
    For Lease
    Contact for pricing

    Morgantown, WV development opportunity

    Lot size:
    71,003 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.63-acre commercial land parcel, totaling 71,003 square feet, presents a prime development opportunity in Morgantown, West Virginia's thriving Bakers Ridge. Located at 205 Bakers Ridge Road, this property boasts a flexible C-2 zoning designation (General Commercial District), allowing for diverse commercial uses including retail, office, lab, or R&D facilities. Its strategic location within the Bakers Ridge subdivision, part of WVU's medicine campus, offers outstanding visibility and accessibility. The site benefits from its proximity to West Virginia University's campus, downtown Morgantown, JW Ruby Memorial Hospital, University High School, and major retail centers. All utilities are available on-site. The surrounding area features a robust and educated workforce, a high concentration of businesses (5,777 within a 5-mile radius), and significant consumer spending ($910,225,338 within a 5-mile radius). This presents an unparalleled chance to establish a thriving business in a high-growth, investor-friendly market with a strong daytime employment base (53,524 within a 5-mile radius) and a median income of $53,278 within a 5-mile radius. The property's location offers excellent signage opportunities and is situated in a start-up hub. This is an ideal location for a custom development project to meet specific business needs. The property is in Monongalia County, WV, zip code 26508.

    Property Features for 205 Bakers Ridge Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    71,003 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    71,003 SF

    HighLights

    • Flexible Zoning allows for diverse commercial uses.
    • 1.63‑acre lot in Bakers Ridge, Morgantown's premier commercial subdivision, adjacent to WVU Medicine.
    • Excellent signage opportunities available.
    • Strong market with a highly educated workforce, stable population growth, and high growth potential.
    • High visibility from major roadways.
    • Convenient access to I‑68, I‑79, and the PA Turnpike 43.
    Property Profile Location Intelligence

    Current Use by Public Records

    WVU Medicine Sleep ... Doctor Nicole Shannon Speech Pathologist Robert Stansbury Pulmonologist Kristin Indermuhle General Practitioner Dr. Steven Coutras Otolaryngologist

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness Department Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Morgantown
    County
    Monongalia
    State
    West Virginia
    Longitude
    -79.9235607
    Latitude
    39.6860885

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    FAQs

    What type of property is this?
    Land - Morgantown, WV development opportunity
    Where is this land located?
    The property is located at 205 Bakers Ridge Rd Morgantown, WV.
    What are key features of this property?
    This property features: Flexible Zoning allows for diverse commercial uses.; 1.63-acre lot in Bakers Ridge, Morgantown's premier commercial subdivision, adjacent to WVU Medicine.; Excellent signage opportunities available.
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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
    205 Bakers Ridge Rd Morgantown, WV 26508
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