1053 Maple DrMorgantown, WV 26505

For Sale
$2,950,000

11,600 SF, 70% Occupied, Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property at 1053 Maple Drive in Morgantown, West Virginia, presents a compelling investment opportunity. The 11,600 square foot building, constructed in 2020, boasts a Class B designation and is situated on a 0.62-acre lot with ample parking (44 spaces). Currently 70% occupied, this two-story structure offers a blend of storefront, shopping center, and traditional office space, perfectly suited for a diverse range of tenants. The property benefits from high-quality construction and significant existing tenant upgrades totaling $1.2 million. Its strategic location in the Evansdale/Suncrest area, between Ruby Memorial Hospital and Mon General Hospital, ensures high visibility and accessibility. Conveniently located off R705, the property offers three-sided access and parking. Zoned for Neighborhood Commercial use, this investment further benefits from its location outside city limits, avoiding Business and Occupation (B&O) taxes. The asking price is $2,950,000, representing a strong return on investment in a high-demand location with established tenants and significant upside potential for increased occupancy and rental income. The property's APN is 08-4C-00200000.

Highlights

  • $1.2M in tenant improvements.
  • Class A office and retail space.
  • High-quality construction.
  • Excellent visibility and accessibility from Route 705.
  • Three-sided access and ample parking.
  • Located outside city limits, avoiding B&O taxes.

Property Details for 1053 Maple Dr

Property type
Lifestyle centers, Power centers
Square Feet
11,600 SF
Class
B
Year Built
2020
Buildings
1
Stories
2
Lot Size (sq. ft)
27,007 SF

Location Insight

City
Morgantown
County
Monongalia
State
West Virginia
Latitude
39.6568982
Longitude
-79.9480975
1053 Maple Dr, Morgantown, West Virginia

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1053 Maple Dr
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