3313 4H Camp Rd Morgantown, WV 26508

Property Details for 3313 4H Camp Rd

Year built

1995

Lot size

10.06 lot acres

Property size

28,841 SF

Property type

Specialty properties

Property subtype

Office Properties & Spaces

Description

This exceptional investment opportunity presents a fully leased, 28,841 square foot office complex situated on a 10.06-acre lot in Morgantown, West Virginia. The property, boasting a 6.76% cap rate, comprises four buildings, each meticulously renovated in 2024. The single tenant, Ascension Recovery Services, is secured by a 20-year lease, ensuring consistent income. The complex features a mix of creative and traditional office spaces, ideal for its current use. Conveniently located two miles from I-79, Exit 146, the property offers a tranquil setting along Booth's Creek, providing a peaceful environment. Built in 1995 and extensively renovated, the property includes a newly constructed 26-bedroom residence hall with a capacity for 53 beds, a commercial kitchen, and dining room. Additional structures include a converted garage and a small cottage. The buildings are of wood frame construction with a combination of wood siding and stone façade, featuring pitched roofs. The HVAC system is a blend of heat pumps and PTAC units, supplemented by two generators for emergency power. The new residence hall is equipped with a sprinkler system. Parking is available for 24 vehicles. This property offers a compelling combination of strong financial performance and a desirable location. The absence of zoning restrictions provides flexibility for future development. The property's unique blend of serene surroundings and convenient access to major transportation routes makes it an attractive investment.

Location Insight

City

Morgantown

County

Monongalia

State

West Virginia

Longitude

-79.9667

Latitude

39.5196