2050 Cityview Dr Morgantown, WV 26505
- Warehouses
- 2.04 lot acres
Current Use by Public Records
- Kitchens and Baths By Design / Kitchen Remodeler / Cabinet Store
- Morgantown Industrial Park / Business Park
- North Central West Virginia Home Builders Association / Non-Profit Organization
Property Details for 2050 Cityview Dr
- Lot size
- 2.04 lot acres
- Property type
- Warehouses
- APN
- 31-07- 13F-0001.0003
- APU
- 310713F00010003
Description
This exceptional 5.6-acre industrial development site, Pad 3, is situated within the highly visible Morgantown Industrial Park in Monongalia County, West Virginia, at 2050 City View Dr, Morgantown, WV 26505. Located near the southern end of the park, approximately 1.2 miles from the main entrance, this property offers significant potential for various commercial, flex, and warehouse uses. Currently accessed via a shared gravel drive with an existing business, the site boasts a minimum usable area of approximately 4 acres, with subdivision options available. A road maintenance agreement is in place, with monthly assessments based on road usage. While sidewalks and streetlights are not currently present, water, sewer, electric, and gas utilities are available from the city, requiring extension to the site. The park enjoys excellent access to major transportation arteries, including I-79 (2.2 miles from Exit 152) and the I-79/I-68 interchange (5.5 miles), as well as rail and water transportation within a few miles. The location benefits from a daily traffic count of 3,712 vehicles at the main park entrance (WVDOH, 2014). The absence of zoning restrictions provides considerable flexibility for development. The asking price for this prime property is $800,000. Lease options may also be available.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $835,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $920,000
- 6.5%
- $900,000
- 7%
- $900,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $800,000
- Geo Method
- $715,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $860,000
- Retail
- $1,010,000
- Mixed-Use
- $775,000
- Hospitality
- $995,000
- Educational
- $760,000
- Residential Income
- $920,000
- Energy
- $815,000
- Income-Based Land
- $1,025,000
- Food Service
- $890,000
Location Insight
- Map
- Local Demand
- City
- Morgantown
- County
- Monongalia
- State
- West Virginia
- Longitude
- -79.9767
- Latitude
- 39.6149
- CBSA code
- 34060
- CBSA name
- MORGANTOWN, WV METROPOLITAN STATISTICAL AREA
