Current Use by Public Records
- Lifestyle centers
Property Details for 0 University Town Centre Dr
- Lot size
- 2.90 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 2.9-acre commercial lot in Morgantown, West Virginia, presents a unique investment opportunity. Located within the University Town Centre, this Class A property boasts a highly desirable location between the Courtyard by Marriott and Star Furniture, directly across from the Monongalia County Ballpark. The site offers stunning views and benefits from high visibility due to its proximity to major roadways and significant daily traffic volume of approximately 40,000 cars on Interstate 79 (a new interchange is under construction a quarter mile away). The property is zoned for commercial use and is currently vacant, providing flexibility for various development options. With 108 parking spaces available, this site is ideal for a restaurant or other hospitality-related businesses. The area's strong demographics are further enhanced by the presence of neighboring anchors such as Walmart, Sam's Club, and Target, as well as the WVU Healthcare Complex. The ballpark hosts roughly 80 games annually, attracting 2,000-4,000 attendees per game from March to September. The lot is divisible into two out-parcels, offering potential for multiple tenants or development phases. The asking price is $2,320,000, with a land value of $800,000 per acre. This property represents a rare opportunity to capitalize on a prime location in a thriving market. Potential development plans could include a restaurant (with potential footprints of 10,080 sq ft and 5,800 sq ft).
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Morgantown
- County
- Monongalia
- State
- West Virginia
- Longitude
- -79.9951
- Latitude
- 39.6442
