Property profile

15 Excavation Ln Morgantown, WV 26508

OFF-MARKET
Warehouses
7,500 SF 1.73 ac lot Built 2022
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Property summary

AI-generated overview

This exceptional 7,500-square-foot industrial warehouse, built in 2022, is situated on a 1.73-acre lot in Morgantown, West Virginia. The single-story building boasts a 20-foot ceiling height, providing ample vertical space for various uses. The property features four 14' x 14' commercial-grade insulated overhead doors and three 36" steel entry doors, ensuring efficient loading and unloading. Inside, you'll find a spacious open floor plan, 6" ceiling insulation, and 4" wall insulation, complemented by energy-efficient LED bay lighting. Three-phase power, natural gas, and plumbing for three bathrooms are already in place, with a riser pipe installed for potential future upper-level plumbing. Three 1" water meters and three natural gas meters are ready for connection. The property is conveniently located just off Fairchance Road, offering easy access via Excavation Lane. It's a short 1.6-mile drive to I-43, Exit 1, and 2.5 miles to I-68, Exit 10. A large gravel parking lot, capable of accommodating approximately 90 vehicles, including four ADA-compliant spaces, is available, and could also serve as a storage yard. A 50' x 150' paved area directly in front of the building, plus a 24' wide paved connection to Excavation Lane, provides ample space for maneuvering. The building is designed to be easily subdivided into three nearly equal spaces, offering flexibility for multiple tenants or expansion options. A septic system plan is complete and ready for installation. The property is zoned with no zoning regulations. Asking price is $1,450,000 ($193.33/sq ft).

Property profile

Verified
Property type Warehouses
Year built 2022
Total area 7,500 SF
Lot 1.73 ac (75,359 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

15 Excavation Ln Morgantown, WV 26508
Morgantown metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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