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900 Fairmont Rd
Morgantown, WV 26501
100% Leased Investment Opportunity · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Fully Lease - Long-Term Lease
- Good Visibility
- Off-Street Parking Lot
- Quick Interstate Access
- Covered Entrance
EXECUTIVE SUMMARY
Black Diamond Realty is pleased to present to qualified buyers, a fully leased office investment opportunity consisting of a 10,200 (+/-) square foot building along Fairmont Road in Morgantown, WV. This property is fully leased by Wise Path Recovery Centers (managed by Ascension Recovery Services).
The property is located inside the city limits of Morgantown and Westover and is situated within 2 miles of West Virginia University’s Downtown Campus, shopping and more. The property is positioned 0.3 mile off of I-79, Exit 152, and 3.8 miles from the I-68/79 interchange. Along Fairmont Road there is an average daily traffic count of 19,169 vehicles per day. (Provided by Esri and Data Axle, 2021).
The property is located inside the city limits of Morgantown and Westover and is situated within 2 miles of West Virginia University’s Downtown Campus, shopping and more. The property is positioned 0.3 mile off of I-79, Exit 152, and 3.8 miles from the I-68/79 interchange. Along Fairmont Road there is an average daily traffic count of 19,169 vehicles per day. (Provided by Esri and Data Axle, 2021).
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
10,200 SF
Building Class
B
Year Built
1997
Price
$7,345,194 CAD
Price Per SF
$720.12 CAD
Cap Rate
6.75%
NOI
$495,801 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,200 SF
Building FAR
0.24
Lot Size
0.97 AC
Zoning
C-Commercial - Commercial
Parking
50 Spaces (4.9 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 19-9-00300002 | Improvements Assessment | $557,315 CAD |
| Land Assessment | $209,076 CAD | Total Assessment | $766,390 CAD |
PROPERTY TAXES
Parcel Number
19-9-00300002
Land Assessment
$209,076 CAD
Improvements Assessment
$557,315 CAD
Total Assessment
$766,390 CAD
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