2045 University Avenue, Morgantown, WV 26505
Local realty services provided by:Better Homes and Gardens Real Estate Central
2045 University Avenue,Morgantown, WV 26505
$1,150,000
- - Beds
- - Baths
- 3,911 sq. ft.
- Multi-family
- Active
Listed by: james craig
Office: blue sky realty, llc.
MLS#:10162829
Source:WV_NCWV
Price summary
- Price:$1,150,000
- Price per sq. ft.:$294.04
About this home
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. BONUS: With an acceptable offer, the owner is willing to construct a dedicated staircase providing direct access from University Ave to the basement entrance. 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!
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Home facts
- Year built:1964
- Listing ID #:10162829
- Added:10 day(s) ago
- Updated:December 30, 2025 at 03:32 PM
Rooms and interior
- Living area:3,911 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central Heat, Forced Air
Structure and exterior
- Roof:Rolled
- Year built:1964
- Building area:3,911 sq. ft.
- Lot area:0.12 Acres
Utilities
- Water:City Water
- Sewer:City Sewer
Finances and disclosures
- Price:$1,150,000
- Price per sq. ft.:$294.04
- Tax amount:$6,008
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