160 Fayette St - Apartments FOR SALE


Morgantown, WV 26505- Downtown Morgantown
$1,700,000 USD
304-685-0891
160 Fayette St, Morgantown, WV for Sale
$1,700,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

160 Fayette St
Morgantown, WV 26505
Downtown Morgantown


HIGHLIGHTS

  • Mixed-Use Investment
  • Downtown Morgantown

OVERVIEW

Located in the heart of downtown Morgantown, 160 Fayette Street is a 23,497 (+/-) square foot multi-story mixed-use property positioned between Chestnut Street and High Street. The building has undergone a number of renovations and offers exceptional potential for apartments, short-term rentals, or an Airbnb-style hospitality concept in one of the city’s most walkable and active districts. With a blend of residential space and retail or office opportunities, the property provides flexibility for multiple income streams and future redevelopment possibilities. Surrounded by downtown dining, entertainment, and shopping, 160 Fayette Street is ideally positioned to meet the growing demand for urban living and unique stay experiences. This strategic location is within close proximity to two transportation options (0.5 block to City of Morgantown’s University Avenue Parking Garage, 1 block to WVU’s Chestnut Street PRT Station) plus a key occupancy demand driver (West Virginia University’s Downtown Campus).

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$110 USD /SF

# OF UNITS

21

PRICE/UNIT

$80,952

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1922

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

B-4 Commercial

APN/PARCEL ID

11-26A-00930000

ASK ABOUT THIS PROPERTY

Kim Licciardi, CCIM, SIORBlack Diamond RealtyMore Info
304-685-0891

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Kim Licciardi, CCIM, SIORBlack Diamond RealtyMore Info
304-685-0891

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.