1300 University Avenue Morgantown, Wv 26505 1300 University Avenue Your New Location Table of Contents
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FOR SALE OFFICE BUILDING MARKETING FLYER 1300 UNIVERSITY AVENUE MORGANTOWN, WV 26505 1300 UNIVERSITY AVENUE YOUR NEW LOCATION TABLE OF CONTENTS Property Overview / Specifications Introduction of property and specifications of the building, utilities, access and directions. 02 Location and Trend Analysis / Google Map Detailed description, Google Map photo of the location and its proximity to surrounding businesses. 04 Building Floor Plan / Photos Description, floor plan and interior photos of the building. 08 Interior Photos Interior photos of the building. 10 Aerial Photos Aerial photos of the property from various heights and angles. 12 304.413.4350 BlackDiamondRealty.net David Lorenze, Principal Jeff Stenger, Associate Chris Waters, Associate Kim Licciardi, Associate Jeff Wise, Associate OFFICE BUILDING 1300 UNIVERSITY AVENUE FOR SALE MORGANTOWN, WV 26505 SALE PRICE / $199,000 Located immediately along University Avenue in the Downtown area of Morgantown, 1300 University Avenue is a 2,590 (+/-) square foot GROSS BUILDING SIZE / 2,590 SQ FT building on 0.08 acre. The building was originally built as a law office but LOT SIZE / 0.08 ACRE was most recently utilized as a dentist office. With several private offices, reception area, conference room and more, this location is perfect to PROPERTY TYPE / OFFICE accommodate many uses. Take advantage of this highly visible building PROPERTY FEATURES / WALKING DISTANCE in the downtown area of Morgantown, steps from WVU! TO DOWNTOWN MORGANTOWN AND WVU, The property is located inside the city limits of Morgantown and is within walking HIGH VISIBILITY, SEVERAL PRIVATE distance to many amenities including the West Virginia University main campus, the OFFICES, PLENTIFUL STORAGE SPACE, PRT, shopping and more. The property is positioned roughly 2.5 miles from I-79, Exit SIGNALIZED INTERSECTION 152, 3.5 miles from I-68, Exit 1, and 5 miles from I-68, Exit 7. Along Beechurst Avenue, there is a daily traffic count of 20,246 vehicles per day (WVDOH, 2015). 02 1300 UNIVERSITY AVENUE / FOR SALE OFFICE BUILDING - LOCATED IN DOWNTOWN MORGANTOWN 1300 UNIVERSITY AVENUE · MORGANTOWN, WV 26505 · 2,590 SQ FT PROPERTY SPECIFICATIONS LEGAL DESCRIPTION Located within city limits, this property is situated within the through the traffic light on Don Knotts Blvd. Continue 2 miles Morgantown 3rd Ward District of Monongalia County. The site through six traffic lights. The subject property will be just after consists of two rectangular shaped parcels totaling 0.08 acre. the sixth light on the right at the corner of University Avenue The property is identified as 3rd Ward, Map 26A, 75. See the and Walnut Street. outlined parcel map for this property on Page 5. The property is within city limits therefore it is subject to a B-4, general UTILITIES business zoning classification. This site offers all public utilities, which include the following: INGRESS / EGRESS / PARKING UTILITY PROVIDER The property is situated on the corner of a high traffic, Electric Mon Power signalized intersection with no parking lot. Parking is Natural Gas Dominion available via parking garage along University Avenue, Water/Sewer Morgantown Utility Board (MUB) immediately beside the property, or via metered parking Trash Multiple Providers lot located directly behind the office building. Cable/Internet Multiple Providers DIRECTIONS From I-68 heading east, take Exit 1 and turn left at the traffic light. Travel roughly 1.7 miles on Grafton Road (Route 119) until you come to the next traffic light. Continue straight 304.413.4350 03 LOCATION TREND ANALYSIS Monongalia County lies in north central West Virginia with Morgantown as the county seat and home of West Virginia University. WVU is ranked as a Research University (Highest Research Activity) – R1 – in the 2018 Carnegie Classification of Institutions of Higher Education. Fall WVU Fall 2019 enroll- ment system reached nearly 30,000 students and full-time and part-time faculty and staff remained steady at just under 8,000. Education, health services, professional and business services 1300 UNIVERSITY AVENUE are all expected to grow at a particularly high rate. The Morgantown MSA regularly ranks a variety of lists pointing to the area’s accomplishments in terms of growth, business development, workforce cultivation and more. Morgantown’s prominence in both of the recession-resistant sectors of higher education and health care employment is one reason for the stability in the area. The WVU Bureau of Business and Economic Research calls for “continued healthy growth” well into the future. Distance to nearby cities: Fairmont, WV - 24 miles, Bridgeport, WV - 38 miles, Washington, PA - 46 miles, Wheeling, WV - 77 miles, Pittsburgh, PA - 74 miles, Charleston, WV - 160 miles. 04 1300 UNIVERSITY AVENUE FOR SALE OFFICE BUILDING - LOCATED IN DOWNTOWN MORGANTOWN 1300 UNIVERSITY AVENUE · MORGANTOWN, WV 26505 · 2,590 SQ FT LOCATION TREND ANALYSIS AERIAL PHOTOPHOTO The aerial above highlights several of the Westover Area Morgantown Public Library Oliverio’s Ristorante most popular surrounding locations. The Sheetz Morgantown Municipal Building Mountain State Brewing subject property, 1300 University Avenue, Morgantown Chamber Morgantown Farmers Market Adams Legal Group, PLLC of Commerce has been referenced with a yellow star. BB&T Bank WVU Evansdale Campus Black Bear Burritos Panera Bread Edward Jones Financial Advisors, Zen From Within Walnut PRT Station Monongalia Magistrate CVS Iron Horse Tavern Fred L. Jenkins Funeral Beechurst PRT Station WV Junior College Home Huntington Bank Mountain Line Bus Stop Downtown Campus Library Monongalia County Dollar General Mountainlair Schools Monongalia County Clerk West Virginia University Department of Health and Boston Beanery Main Campus Human Resources Subway University Place Housing Child Support Enforcement Division Lotsa Stone Fired Pizza State On Campus Housing Public Safety Center Wharf District Parking Garage 304.413.4350 05 MORGANTOWN, WEST VIRGINIA Morgantown, WV excelled during The Great Recession primarily due to its strong economic job base focused on recession-resistant employment opportunities in the education, healthcare, and government sectors. Morgantown has received national recognition for its high quality of life and economic stability. Morgantown has been featured nationally in various media outlets over the past decade for its strong economy. 06 1300 UNIVERSITY AVENUE FOR SALE OFFICE BUILDING - LOCATED IN DOWNTOWN MORGANTOWN 1300 UNIVERSITY AVENUE · MORGANTOWN, WV 26505 · 2,590 SQ FT STATISTICS AND GROWTH PROJECTIONS Morgantown is projected to have a total population in 2020 of 145,712. The projected 11.8% population change from 2010 to 2020 is 15,384 (11.8%) (ProximityOne.com, 2017). POPULATION INCREASE Greater Morgantown Area employers have added nearly 7,000 jobs 7,000 since 2010, surpassing the level observed prior to the economic JOBS ADDED SINCE 2010 downturn by more than 5% (WVU Research Corporation, 2015). WVU Medicine is named Job Creator of the Year with over 2,000 hired in 2016. OVERALL JOB The WVU Medicine system of hospitals and clinics now has approximately 14,000 GROWTH employees, according to WorkForce West Virginia (Theet.com, 2016). Morgantown’s MSA median household income is $42,919 estimated at $42,919 (Forbes.com, 2017). MEDIAN HOUSEHOLD INCOME NATIONAL In 2011, Morgantown, West Virginia was named “#1 Small City in America” RECOGNITION by Bizjournals.com, and the“5th Best Small Metro” by Forbes.com 304.413.4350 07 FLOOR PLAN 2,590 SQUARE FEET Positioned along a major thoroughfare, 1300 University Avenue is comprised of 2,590 (+/-) square feet across one story. The floor plan was originally designed for a law office user but was most recently utilized as a dentist office. The floor plan consists of a waiting room, reception desk, seven private offices, conference room, kitchen, multiple storage spaces and two restrooms. Finishes to the space include a combination of tile, wood, and carpet flooring. The walls are majority drywall with some wood panelling and a mix of recessed lighting and lighting fixtures. 08 1300 UNIVERSITY AVENUE FOR SALE OFFICE BUILDING - LOCATED IN DOWNTOWN MORGANTOWN 1300 UNIVERSITY AVENUE · MORGANTOWN, WV 26505 · 2,590 SQ FT FLOOR PLAN Waiting Room. Reception. Office/Exam Room. 304.413.4350 09 INTERIOR PHOTOS Kitchen. Conference Room/Storage. Office/Exam Room. Office/Exam Room. 10 1300 UNIVERSITY AVENUE FOR SALE OFFICE BUILDING - LOCATED IN DOWNTOWN MORGANTOWN 1300 UNIVERSITY AVENUE · MORGANTOWN, WV 26505 · 2,590 SQ FT Office/Exam Room. Office/Exam Room. Office/Exam Room. 304.413.4350 11 AERIALS Aerial View of the Property Facing Southeast. 12 1300 UNIVERSITY AVENUE FOR SALE OFFICE BUILDING - LOCATED IN DOWNTOWN MORGANTOWN 1300 UNIVERSITY AVENUE · MORGANTOWN, WV 26505 · 2,590 SQ FT AERIALS Aerial View of the Property Facing Northeast. Aerial View of the Property Facing East. 304.413.4350 13 CONTACT BLACK DIAMOND REALTY LLC 1399 Stewartstown Road, Suite 150 Mark J. Nesselroad, Broker Kim Licciardi, Associate Morgantown, WV 26505 [email protected] [email protected] P. 304.413.4350 F. 304.599.3285 David Lorenze, Principal Jeff Wise, Associate BlackDiamondRealty.net [email protected] [email protected] Jeff Stenger, Associate Janelle Zeoli, Senior Designer/Marketing Coordinator * All information is believed to be accurate [email protected] [email protected] but not guaranteed. More information is available upon request. Chris Waters, Associate Andrea Cooper, Junior Designer/Office Manager [email protected] [email protected].