Property profile

150 Clay St Morgantown, WV 26501

OFF-MARKET
Office buildings
Property ID
US94-0015077
0.2 ac lot
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group SKYSCRAPER/HIGH-RISE (COM OFFICES)
Lot 0.2 ac (8,538 SF)
APN 31-09- 28-0019.0000
UPID US94-0015077

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Training Center
  • Law Firm
  • Law Firm
  • Law Firm
  • Civil Engineer Architect

Location

150 Clay St Morgantown, WV 26501-5942
Morgantown metro Census 11000 MORGANTOWN, WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$370k

Owner & transaction history

since 2018
2 recorded transactions
2018
Price N/A
2018
$4.9M

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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