Property profile

1040 Fairmont Rd Morgantown, WV 26501

OFF-MARKET
Retail properties & Spaces
11,731 SF 0.81 ac lot Built 1962
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Property summary

AI-generated overview

This exceptional 11,731-square-foot storefront property at 1040 Fairmont Road in Morgantown, West Virginia, presents a significant investment opportunity. Located on a 0.806-acre lot, this single-story, 1962-built building is zoned for Highway Commercial use and offers ample potential for a variety of retail ventures. Currently vacant, the property boasts abundant parking, a loading dock, and handicap accessibility, making it highly convenient for customers and employees. The interior features a spacious main area with ample natural lighting, a kitchen, bathroom, office, and conference rooms. Internal partitions create a flexible layout, leading to a warehouse storage area with an additional office and mechanics area. The well-maintained structure features high ceilings, adding to its impressive character. The property's strategic location just off I-79 exit and adjacent to the University Town Centre connector ensures high visibility and accessibility. The asking price is $2,200,000. Adjacent land is also available for expansion.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1962
Total area 11,731 SF
Lot 0.81 ac (35,109 SF)

Cap rate & NOI

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

Location

1040 Fairmont Rd Morgantown, WV 26501
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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