Property profile

205 Bakers Ridge Rd Morgantown, WV 26508

FOR SALE
Office buildings
Property ID
US94-1369645
0.64 ac lot
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Physician
  • Physician

Location

205 Bakers Ridge Rd Morgantown, WV 26508
Morgantown metro Census 11602 MORGANTOWN, WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message