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3 Baths
3,911 sqft

$950,000

2045 University Avenue, Morgantown WV, 26505

Price per sqft$242.90
Built in1964
Property size3,911 sqft
Property typeMulti-family

Overview

Active

Listed Dec 19, 2025

Updated Jun 28

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!

$6,320/mo

Est. mortgage payment based on a $950,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
10162829

Interior Features

Bathrooms
3
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.12 Acres

Other Property Details

Taxes
$6,008
Tax Frequency
Annually
View
Yes

Courtesy of BLUE SKY REALTY, LLC

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Adam Murray shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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