2045 University Ave - Convenience Store FOR SALE


Morgantown, WV 26505- Downtown Morgantown
$950,000 USD
304-292-7990
2045 University Ave, Morgantown, WV for Sale
$950,000 USD
Convenience Store - FOR SALE
1/15
null | Request Cap Rate

2045 University Ave
Morgantown, WV 26505
Downtown Morgantown


OVERVIEW

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!

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$365 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

General Commercial

APN/PARCEL ID

12-20-01310000

ASK ABOUT THIS PROPERTY

Jamie CraigBlue Sky Realty LlcMore Info
304-292-7990

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Jamie CraigBlue Sky Realty LlcMore Info
304-292-7990

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