High-Yield Tri-Unit on University Avenue: Maximize your portfolio with this versatile, income-generating commercial property perfectly positioned for high visibility in Morgantown. This tri-unit building offers an incredible mix of established retail, a high-demand specialty tenant, and massive value-add potential in the lower level. Unit 1: The Superette Currently under a lease at $2,573.43/month. This 1,271 sq. ft. space (31' x 41') provides a consistent anchor for the building's cash flow. Unit 2: The Dispensary A premier 1,353 sq. ft. retail space (33' x 41') currently leased at $5,536.50/month. This lease features a strategic "future-proof" clause: should recreational cannabis be legalized, the rent automatically adjusts to $8,000.00/month, offering a massive built-in boost to your ROI. Unit 3: The Entertainment Potential (Lower Level) The 1,287 sq. ft. dry, unfinished basement is a blank canvas ready for a bar, arcade, or lounge. Equipped with its own 200-amp service and existing plumbing for a kitchen and bathroom, it is primed for development. Lease Option: The owner is also open to leasing the basement separately for $1,200/month plus pro-rata taxes and insurance-perfect for a startup or satellite location. Whether you are looking for a turnkey investment with guaranteed appreciation or a multi-use space in the heart of the action, this property is a rare find. Schedule your private tour today to see the numbers for yourself!
Listed By
Agency Name: BLUE SKY REALTY, LLC
Agent Name: JAMES CRAIG
Agency Phone: 304-292-7990
Shown By
Agency Title: Picket Fences Realty, LLC
Agency Phone: (304) 367-0543
Estimated Payment
$ 2,252.92 per month $1,991.88 Principal & Interest $0.00 Property Tax (data not provided by mls) $261.04 Homeowner's Insurance
2045 University Avenue | MLS# 10162829
This multi-family property located at 2045 University Avenue, Morgantown, WV 26505 is currently listed for sale with an asking price of $895,000. Search Morgantown real estate on www.pfrealty.net today.