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2045 University Ave, Morgantown, WV, 26505

--beds
3baths
3,911sqft
$895,000
$229price/sqft
$5,677/moest. monthly cost
$227,080/yrincome needed

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. 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!

Getting Around

70
WalkingVery Walkable
0
TransitVery Limited Transit
44
BikeSomewhat Bikeable

Schools

7/10
Suncrest Primary SchoolGrades PK-52.6 mi
8/10
Suncrest Middle SchoolGrades 6-81.3 mi
7/10
Morgantown High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 1964

Materials

  • Foundation: Block
  • Roof: Rolled/Hot Mop
  • Construction materials: Block,Wood Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Contemporary
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Other

Basement

  • Level: Basement

Basement

  • Has basement: Yes
  • Basement: Unfinished,Concrete,Exterior Entry

Bedrooms & Bathrooms

  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • 9ft+ Ceiling
  • Flooring: Wood
  • Attic: None
  • Finished area below ground: 5

Heating & Cooling

  • Heating features: Central,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,911
  • Total interior livable area: 3,911 sqft

Property

Details

  • Parcel number: 3112002001310000
  • Zoning description: General Commercial

Features

  • Levels: 1
  • Stories: 1
  • Exterior features: Lighting
  • Fencing: None
  • Has view: Yes
  • View description: Neighborhood
  • Waterfront features: None

Lot

  • Lot size: 5,227 sqft
  • Features: Other
  • Lot size dimensions: Square

Parking

  • Total spaces: 3
  • Parking features: Off Street,3+ Cars,No Garage
  • Has uncovered spaces: Yes