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    Chaplin Hl Rd Morgantown, WV 26505

    Sponsored
    For Sale
    $4,995,000

    4.55-Acre Site, Prime Location, No Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.55-acre commercial land parcel presents a unique development opportunity in Morgantown, West Virginia. Strategically located at the entrance to the University Town Center, this mostly level site boasts high traffic visibility and accessibility. All utilities are readily available, making it ideal for a variety of commercial ventures. The property's location outside city limits offers significant tax advantages, eliminating zoning restrictions and B&O taxes. This translates to substantial cost savings for developers. The site is well-suited for a diverse range of uses, including hotels, restaurants, retail establishments, and fast-food chains. Its prime location within the University Town Center ensures high foot traffic and visibility, maximizing potential returns on investment. Further enhancing its appeal, this property is situated within an SBA-HUB Zone and a West Virginia Tax Incentive TIF District, providing additional financial incentives for qualified developers. This exceptional combination of location, size, utility access, and tax benefits makes this 4.55-acre parcel an unparalleled investment opportunity. The asking price is $4,995,000.

    Property Features for 0 Chaplin Hl Rd

    General Information

    Property type
    Land
    Lot Size
    198,198 SF

    HighLights

    • 4.55‑acre commercial land parcel in Morgantown, WV.
    • Located at the entrance to University Town Center with high visibility and accessibility.
    • All utilities available, ideal for various commercial uses.
    • Outside city limits, offering tax advantages (no zoning restrictions or B&O taxes).
    • Situated in an SBA‑HUB Zone and WV Tax Incentive TIF District, providing additional financial incentives.
    • Asking price: $4,995,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Morgantown
    County
    Monongalia
    State
    West Virginia
    Longitude
    -79.9472502
    Latitude
    39.6527963

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    FAQs

    What type of property is this?
    Land - 4.55-Acre Site, Prime Location, No Zoning
    Where is this land located?
    The property is located at Chaplin Hl Rd Morgantown, WV.
    What is the asking price?
    The asking price for this property is $4,995,000.
    What are key features of this property?
    This property features: 4.55-acre commercial land parcel in Morgantown, WV.; Located at the entrance to University Town Center with high visibility and accessibility.; All utilities available, ideal for various commercial uses.
    Request Owner's contact information
    Chaplin Hl Rd 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
    Chaplin Hl Rd Morgantown, WV 26505
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