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    OFF-MARKET
    Retail properties & Spaces

    7 Chaplin Hl Rd, Morgantown, WV 26501

    2,383 SF 1.05 ac lot
    Property ID
    Property summary
    AI-generated overview

    This 2,383 square foot former bank building is situated on a 1.05-acre lot in Morgantown, West Virginia, at 7 Chaplin Hill Road. The single-story building features three covered drive-thru lanes totaling 1,188 square feet, ideal for various commercial uses. Its prime location offers excellent visibility from a signalized intersection and is conveniently located near I-79, Exit 155, approximately 0.1 miles away, placing it within the thriving University Town Centre, a major shopping destination in Greater Morgantown. The property boasts off-street parking and a vault, adding to its versatility. The asking price is $2,125,000. The current tenant will require a 120-day vacancy period post-closing. The high-traffic area along US Highway 19 sees 40,552 vehicles daily (2021 data from Kalibrate Technologies). West Virginia University's main campus and downtown Morgantown are a short 3.5-mile drive. The property is zoned for office and retail use. This presents a unique opportunity for investors seeking a high-visibility commercial property in a rapidly growing area.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 2,383 SF
    Lot 1.05 ac (45,738 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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