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    Property profile & analytics
    FOR SALE
    Retail space

    408 Boyers Ave, Morgantown, WV 26505

    0.08 ac lot
    Individually Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US94-0140738
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • L G Lamp Co (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Larry Goodwin Ahmed · 4 yrs held
    Larry Goodwin Ahmed
    since 2021
    5 recorded transactions
    2021
    2021
    2016
    2015
    2015
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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