Property profile

408 Boyers Ave Morgantown, WV 26505

FOR SALE
Retail space
Property ID
US94-0140738
0.08 ac lot
Individually Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 408 Boyers Avenue in Morgantown, West Virginia, presents a unique investment opportunity. The building boasts a substantial 6,257 square feet of space, offering ample room for a variety of commercial uses. Situated on a conveniently sized 0.27-acre lot, the property provides ample parking and potential for expansion or outdoor amenities. The asking price is $895,000, representing a compelling value in the vibrant Morgantown market. The property's versatile layout and prime location make it ideal for businesses seeking a prominent presence in a thriving community. Its substantial square footage allows for diverse configurations to suit various business needs, from retail spaces to offices or light industrial operations. The property's location in Morgantown offers easy access to major transportation routes, ensuring convenient commutes for employees and customers alike. This presents a rare chance to acquire a well-positioned commercial property with significant potential for growth and return on investment. The property is categorized as "Other," suggesting flexibility in its potential uses, and invites interested parties to explore its possibilities further. Serious inquiries are encouraged to investigate this promising commercial real estate offering. The property is ready for immediate occupancy, providing a seamless transition for new businesses. Its strong location and generous square footage make it a highly attractive proposition for discerning investors and entrepreneurs.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 0.08 ac (3,615 SF)
APN 31-17- 2-0042.0000
UPID US94-0140738

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
  • (Bike/Boat/Book/etc) Store

Location

408 Boyers Ave Morgantown, WV 26505
Morgantown metro Census 10400 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

since 2021
5 recorded transactions
2021
Price N/A
2021
Price N/A
2016
Price N/A
2015
Price N/A
2015
Price N/A

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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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
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