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    FOR SALE
    Office buildings

    205 Bakers Ridge Rd, Morgantown, WV 26508

    0.64 ac lot
    Entity Owned 5-yr Hold Absentee Owner Free & Clear
    Property ID
    US94-1369645
    Property summary
    AI-generated overview

    This exceptional 1.63-acre commercial land parcel, totaling 71,003 square feet, presents a prime development opportunity in Morgantown, West Virginia's thriving Bakers Ridge. Located at 205 Bakers Ridge Road, this property boasts a flexible C-2 zoning designation (General Commercial District), allowing for diverse commercial uses including retail, office, lab, or R&D facilities. Its strategic location within the Bakers Ridge subdivision, part of WVU's medicine campus, offers outstanding visibility and accessibility. The site benefits from its proximity to West Virginia University's campus, downtown Morgantown, JW Ruby Memorial Hospital, University High School, and major retail centers. All utilities are available on-site. The surrounding area features a robust and educated workforce, a high concentration of businesses (5,777 within a 5-mile radius), and significant consumer spending ($910,225,338 within a 5-mile radius). This presents an unparalleled chance to establish a thriving business in a high-growth, investor-friendly market with a strong daytime employment base (53,524 within a 5-mile radius) and a median income of $53,278 within a 5-mile radius. The property's location offers excellent signage opportunities and is situated in a start-up hub. This is an ideal location for a custom development project to meet specific business needs. The property is in Monongalia County, WV, zip code 26508.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Lot 0.64 ac (27,878 SF)
    APN 31-18- 12-0009.0024
    UPID US94-1369645
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • WVU Medicine Sleep Evaluation Center Physician
    • Nicole Shannon Physician
    • Robert Stansbury Physician
    • Kristin Indermuhle Physician
    • Dr. Steven Coutras Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    BAKERS RIDGE MORGANTOWN LLC
    BAKERS RIDGE MORGANTOWN LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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