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    1053 Maple Dr Morgantown, WV 26505

    Sponsored
    For Sale
    $2,950,000

    11,600 SF, 70% Occupied, Net Lease

    Property size:
    11,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property at 1053 Maple Drive in Morgantown, West Virginia, presents a compelling investment opportunity. The 11,600 square foot building, constructed in 2020, boasts a Class B designation and is situated on a 0.62-acre lot with ample parking (44 spaces). Currently 70% occupied, this two-story structure offers a blend of storefront, shopping center, and traditional office space, perfectly suited for a diverse range of tenants. The property benefits from high-quality construction and significant existing tenant upgrades totaling $1.2 million. Its strategic location in the Evansdale/Suncrest area, between Ruby Memorial Hospital and Mon General Hospital, ensures high visibility and accessibility. Conveniently located off R705, the property offers three-sided access and parking. Zoned for Neighborhood Commercial use, this investment further benefits from its location outside city limits, avoiding Business and Occupation (B&O) taxes. The asking price is $2,950,000, representing a strong return on investment in a high-demand location with established tenants and significant upside potential for increased occupancy and rental income. The property's APN is 08-4C-00200000.

    Property Features for 1053 Maple Dr

    General Information

    Property type
    Lifestyle centers
    Square Feet
    11,600 SF
    Class
    B
    Lot Size
    27,007 SF

    Building Details

    Year Built
    2020
    Buildings
    1
    Stories
    2

    HighLights

    • $1.2M in tenant improvements.
    • Class A office and retail space.
    • High‑quality construction.
    • Excellent visibility and accessibility from Route 705.
    • Three‑sided access and ample parking.
    • Located outside city limits, avoiding B&O taxes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Northwestern Mutual of Morgantown ... Financial Planner Northwestern Mutual: Chris ... Financial Planner Mountaineer Roasting Co. ... Coffee Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Morgantown
    County
    Monongalia
    State
    West Virginia
    Longitude
    -79.9480975
    Latitude
    39.6568982

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    FAQs

    What type of property is this?
    Lifestyle center - 11,600 SF, 70% Occupied, Net Lease
    Where is this lifestyle center located?
    The property is located at 1053 Maple Dr Morgantown, WV.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: $1.2M in tenant improvements.; Class A office and retail space.; High-quality construction.
    Request Owner's contact information
    1053 Maple Dr 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
    1053 Maple Dr Morgantown, WV 26505
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