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    - Parcel 1 Morgantown Industrial Park Morgantown, WV 26501

    Sponsored
    For Sale
    $387,000

    Prime Development Site, WV

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.8 to 28.3-acre development site is located within Morgantown Industrial Park, a highly visible business and industrial development in Morgantown, West Virginia. The property, identified as Parcel 1, presents a unique opportunity for various commercial ventures. Currently, four parcels ranging from 1.8 to 22 acres are available within Phase I, with the possibility of subdivision. Phase II offers five additional parcels, ranging in size from 3.6 to 25 acres. This prime location boasts unparalleled access to key transportation infrastructure. The park provides direct access to both rail and water transportation, placing businesses within easy reach of major arteries. Situated just a few miles from Interstates 79 and 68, the property enjoys excellent connectivity. Access is convenient via River Road or WV Route 45, which forms Dupont Road just south of the site at the park's entrance. The absence of zoning restrictions offers considerable flexibility for development plans. The asking price for this significant land parcel is $387,000. This presents a compelling investment opportunity in a thriving West Virginia location with exceptional transportation links. The property is situated in Monongalia County, WV, zip code 26501.

    Property Features for - Parcel 1 Morgantown Industrial Park

    General Information

    Property type
    Land
    Lot Size
    78,408 SF

    HighLights

    • River and rail access for convenient transportation and logistics.
    • Unrestricted zoning, offering maximum development flexibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    Monongalia
    State
    West Virginia
    Longitude
    -80.0311364
    Latitude
    39.6140631

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    FAQs

    What type of property is this?
    Land - Prime Development Site, WV
    Where is this land located?
    The property is located at - Parcel 1 Morgantown Industrial Park Morgantown, WV.
    What is the asking price?
    The asking price for this property is $387,000.
    What are key features of this property?
    This property features: River and rail access for convenient transportation and logistics.; Unrestricted zoning, offering maximum development flexibility.;
    Request Owner's contact information
    - Parcel 1 Morgantown Industrial Park 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
    - Parcel 1 Morgantown Industrial Park Morgantown, WV 26501
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