150 Clay StMorgantown, WV 26501

Property Details for 150 Clay St

Lot size

0.20 AC

Property type

Office properties

Property subtype

Office buildings

APN

31-09- 28-0019.0000

APU

31092800190000

Description

Riverfront Center, located at 150 Clay St in Morgantown, WV, offers 34,910 square feet of Class A office space in a single, six-story building constructed in 2001. This exceptional property boasts stunning views of the Monongahela River and the city skyline, thanks to large windows on every floor. The building is situated in the Wharf District, less than a mile from West Virginia University's downtown campus and within walking distance of Morgantown's vibrant downtown area. Convenient access to I-68 (2.8 miles) ensures easy commuting. Multiple tenancy options are available, ranging from 2,910 to 8,000 contiguous square feet. The building features elevators and ample parking options, including two garages (one adjacent), on-street parking, and nearby lots. Its prime location offers proximity to numerous restaurants and cafes, and the Morgantown Marriott at Waterfront Place provides nearby lodging and conference facilities. The building's modern amenities and convenient location create a healthy and productive work environment, suitable for a variety of businesses, including those in law, finance, engineering, security, higher education, information technology, and research & development. The entire 34,910 square feet is currently vacant, presenting a unique opportunity for a single tenant or multiple occupants.

• CAP approach

  CAP return

  Valuation

  6%

  $2,032,132

  6.5%

  $1,875,814

  7%

  $1,741,827

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,707,088

  Geo Method

  $1,707,088

• Alternative Use

  Use

  Valuation

  Residential

  $2,326,009

  Hospitality

  $2,130,612

  Educational

  $1,772,644

  Medical

  $1,833,608

  Retail

  $2,757,446

Location Insight

City

Morgantown

County

Monongalia

State

West Virginia

Latitude

39.6263

Longitude

-79.9629

CBSA code

34060

CBSA name

MORGANTOWN, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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