828 Fairmont RdMorgantown, WV 26501

Property Details for 828 Fairmont Rd

Lot size

0.23 AC

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

31-19- 8-0274.0000

APU

3119802740000

Description

This exceptional 1.32-acre commercial property at 828 Fairmont Road, Morgantown, West Virginia, presents a remarkable development opportunity. Previously occupied by a grocery store, this cleared site is fully prepared for construction, boasting all essential utilities already in place. The property offers 155 shared parking spaces, conveniently located alongside a new Dollar Tree currently under development. Its strategic location provides unparalleled access to major transportation arteries, including proximity to I-79 (less than half a mile) and I-68 (2 miles), as well as the expanding University Town Center. This high-traffic area ensures excellent visibility and accessibility for any commercial venture. The site's versatility allows for a wide range of development possibilities, including retail, dining establishments, office space, or mixed-use projects. The asking price for this exceptional property is $1,525,000. The property is vacant and zoned for commercial use. The lot size is 1.32 acres, and the address is 828 Fairmont Rd, Morgantown, WV 26501. This is a truly unique opportunity to capitalize on a prime location in a thriving West Virginia market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,505,398

  6.5%

  $3,235,752

  7%

  $3,004,627

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,048,061

  Geo Method

  $5,048,061

• Alternative Use

  Use

  Valuation

  Residential

  $2,729,478

  Hospitality

  $2,500,187

  Educational

  $2,080,126

  Medical

  $2,151,665

  Retail

  $3,235,752

Location Insight

City

Westover

County

Monongalia

State

West Virginia

Latitude

39.6328

Longitude

-79.9823

CBSA code

34060

CBSA name

MORGANTOWN, WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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