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2045 University Avenue, 
Morgantown, WV 26505

$1,150,000


Bed


Bath


3,911

Sq Ft


Multi-Family

Active

Listed by

James Craig

Blue Sky Realty, LLC.

304-292-7990

Last updated:

December 31, 2025, 03:45 PM

MLS#

10162829

Source:

WV NCWV

About This Home

2045 University Avenue

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. BONUS: With an acceptable offer, the owner is willing to construct a dedicated staircase providing direct access from University Ave to the basement entrance. 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!

Home Facts

Multi-Family

Built in 1964

Price Summary

1,150,000

$294 per Sq. Ft.

MLS #:

10162829

Last Updated:

December 31, 2025, 03:45 PM


Structure

Structure

Architectural Style:

Contemporary

Building Area:

3,911 Sq. Ft.

Year Built:

1964


Lot

Lot Size (Sq. Ft):

5,227


Finances & Disclosures

Finances

Price:

$1,150,000

Price per Sq. Ft:

$294 per Sq. Ft.

Source:WV NCWV
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.