Property profile

0 Industrial Park Rd Morgantown, WV 26505

OFF-MARKET
Land
1.8 ac lot
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Property summary

AI-generated overview

This exceptional opportunity presents a diverse selection of commercial and industrial land parcels within the highly visible Morgantown Industrial Park, situated in Monongalia County, West Virginia, and conveniently located at 26505 Industrial Park Rd. The park offers immediate access to rail and water transportation, placing businesses within easy reach of major transportation arteries. Phase I currently features four ready-to-develop pads ranging from 1.8 to 8 acres, with subdivision options available to accommodate specific needs. Pricing for Phase I pads varies, with Pad 1 (1.8 acres) listed at $215,000 per acre, Pad 3 (4 acres) at $200,000 per acre, and Pad 7 (8 acres) available at a negotiable price. Lease options are also available for Phase I properties. Phase II is under development and will offer five additional pads ranging from 3.6 to 25 acres. Pads A, B, and C are currently available, while Pads D and E are anticipated for completion in 2024. These Phase II pads will benefit from elevated positioning for optimal interstate visibility. The park's strategic location is just 2.2 miles from I-79, Exit 152, and 5.5 miles from the I-79/I-68 interchange, boasting a daily traffic count of 3,712 vehicles at the main entrance. The property is outside Morgantown city limits, offering the advantage of no zoning restrictions. Both sale and lease options are available, with build-to-suit possibilities also considered. The owner is willing to subdivide parcels to meet specific acreage requirements.

Property profile

Verified
Property type Land
Lot 1.8 ac (78,408 SF)

Cap rate & NOI

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

Location

Industrial Park Rd Morgantown, WV 26505
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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