2045 University Ave, Morgantown, WV, 26505
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
Very Walkable
Very Limited Transit
Somewhat BikeableSchools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across West Virginia Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,803 | $57,636 |
| Home Insurance * | $438 | $5,256 |
| Property Taxes | $356 | $4,272 |
| Electricity | $405 | $4,862 |
| Total | $6,002 | $72,024 |
Income You'd Need if You Spent...
West Virginia FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-25 | Price change | $895,000 |
| 2026-02-24 | Price change | $1,000,000 |
| 2025-12-19 | Listed for sale | $1,150,000 |
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