160 Fayette Street Marketing Flyer
Black Diamond Realty is pleased to present 160 Fayette Street in Morgantown, West Virginia. This 23,497 square foot MIXED-USE building offers 15 office suites, 16 apartments, five sleeper rooms and commercial basement space that is currently being built-out as a bar/game room.
Black Diamond Realty is pleased to present 160 Fayette Street in Morgantown, West Virginia. This 23,497 square foot MIXED-USE building offers 15 office suites, 16 apartments, five sleeper rooms and commercial basement space that is currently being built-out as a bar/game room.
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<strong>160</strong> FAYETTE STREET<br />
MORGANTOWN, WV 26505<br />
FOR SALE<br />
INVESTMENT<br />
MARKETING FLYER
<strong>160</strong> FAYETTE STREET<br />
DOWNTOWN MORGANTOWN<br />
WALNUT PRT STATION<br />
WALNUT STREET<br />
PARKING GARAGE<br />
WALNUT STREET<br />
DOWNTOWN MAIN CAMPUS<br />
WEST VIRGINIA UNIVERSITY<br />
<strong>160</strong> FAYETTE STREET<br />
MORGANTOWN, WV 26505
02<br />
06<br />
14<br />
16<br />
INVESTMENT OVERVIEW<br />
Introduction of the property including specifications of the building, site<br />
descriptions, utilities, ingress and egress, parking and floor plans.<br />
INTERIOR / EXTERIOR PHOTOS<br />
Interior and exterior photos of the building.<br />
LOCATION OVERVIEW<br />
Detailed description/aerial photo of the location and its proximity to<br />
surrounding businesses and locations.<br />
AERIAL PHOTOS<br />
Aerial photos of the subject building from different heights and angles.<br />
Financial information is available upon<br />
request and receipt of a signed Confidentiality<br />
& Disclosure Agreement. To obtain this<br />
agreement, contact Black Diamond Realty.
02 <strong>160</strong> FAYETTE STREET • MORGANTOWN, WV
INVESTMENT OVERVIEW<br />
<strong>160</strong> FAYETTE STREET<br />
MORGANTOWN, WV 26505<br />
SALE PRICE / NEGOTIABLE<br />
GROSS BUILDING SIZE / 23,497 SQ FT<br />
GROSS LOT SIZE / 0.15 ACRES (6,242 SQ FT )<br />
Black Diamond Realty is pleased to present <strong>160</strong><br />
<strong>Fayette</strong> <strong>Street</strong> in Morgantown, West Virginia. This<br />
23,497 square foot MIXED-USE building offers 15<br />
office suites, 16 apartments, five sleeper rooms and<br />
commercial basement space that is currently being<br />
built-out as a bar/game room.<br />
This strategic location is within close proximity to two transportation options<br />
(0.5 block to City of Morgantown’s University Avenue Parking Garage, 1 block<br />
to WVU’s Chestnut <strong>Street</strong> PRT Station) plus a key occupancy demand driver<br />
(West Virginia University’s Downtown Campus).
LOCATION<br />
The subject building is located along <strong>Fayette</strong> <strong>Street</strong>, between Chestnut <strong>Street</strong><br />
and High <strong>Street</strong>, in the downtown area of Morgantown. The building is situated<br />
within the municipal limits of Morgantown in Monongalia County. It is subject<br />
to a B-4 business zoning classification. The property is located just steps from<br />
West Virginia University Downtown Campus and 3.8 miles from I-68, Exit 1.<br />
SITE DESCRIPTION<br />
This four-story building was constructed in 1922 and was originally used as<br />
a YMCA. It has since undergone a number of renovations to outfit it as a commercial/apartment<br />
building. It is currently registered as a historic structure.<br />
The building contains roughly 17,623 square feet above ground with an additional<br />
5,874 square feet of basement area. The basement is currently leased<br />
and being built out as a bar/game room. The first floor and a portion of the<br />
second floor are currently improved with 15 private office suites that surround<br />
a two-story atrium. The first floor also has a large foyer/reception area, common<br />
area kitchen, two single restrooms, storage closet, and large unfinished<br />
room for additional storage. The remainder second, third and fourth floors are<br />
finished with two 2-bedroom/1-bathroom apartments, five 1-bedroom/1-bathroom<br />
apartments, nine studio apartments, and five sleeper rooms. Available<br />
to the sleeper rooms are a shared kitchen and bathroom. A laundry facility is<br />
located on the third floor.<br />
ROOM DESCRIPTION<br />
LOCATION<br />
BUILDING SPECIFICATIONS<br />
The building foundation is masonry with exterior walls being brick and stone.<br />
Most windows are single pane, but some of the office windows have been upgraded<br />
to double paned. The roof is finished with rubber. Interior finishes include<br />
plaster and suspended ceilings, hard wood, laminate, carpet and cement<br />
flooring, and wood/steel doors with wood trim. Heat is provided to the entire<br />
building by a central boiler heating system. Central heat and air conditioning<br />
are available in the office areas. Each office has a PTAC system.<br />
UTILITIES<br />
All public utilities are available to the site. Electric is provided by Mon Power.<br />
Water/sewer is provided by the Morgantown Water Board (MUB). Internet and<br />
cable is available via Comcast. Landlord pays for electric, water/sewer, and<br />
trash removal. Tenant pays for cable/internet.<br />
INGRESS / EGRESS / PARKING<br />
The location currently offers roughly 60 feet of unobstructed frontage along<br />
<strong>Fayette</strong> <strong>Street</strong>. The site does not offer any on-site parking, but there is a ~72<br />
car, 2-hour metered parking lot across the street directly in front of the building<br />
as well as a large, 10-hour metered covered parking garage 1/2 block away<br />
along Chestnut <strong>Street</strong>. Long term parking is available in both lots.<br />
PARCEL OVERVIEW<br />
9 Private Office Suites<br />
6 Private Office Suites<br />
2 - Studio Apartments<br />
2 - 1 Bed Apartments<br />
5 - Sleeper Rooms (Shared Bathroom/Kitchen)<br />
1 - Studio Apartment<br />
3 - 1 Bed Apartments<br />
6 - Studio Apartments<br />
2 - 2 Bed Apartments<br />
Ground Floor<br />
2nd Floor<br />
2nd Floor<br />
3rd Floor<br />
4th Floor<br />
04 <strong>160</strong> FAYETTE STREET • MORGANTOWN, WV
OFFICE SUITES FLOOR PLAN<br />
GROUND FLOOR<br />
SECOND FLOOR<br />
*Floor plan is not to scale.<br />
BLACK DIAMOND REALTY<br />
05
Office - Main Entrance/Reception Area.<br />
Office/Apartments - Main Entrance.<br />
Office - Kitchen Common Area.<br />
Office - Atrium Common Area.
Office - Atrium Common Area.<br />
BLACK DIAMOND REALTY<br />
07
08 <strong>160</strong> FAYETTE STREET • MORGANTOWN, WV<br />
Private Office Suite 110.
Private Office Suite 107.<br />
Private Office 108.<br />
Private Office 103. Private Office 207.
2-Bedroom Apartment - Bedroom.<br />
Studio Apartment - Kitchen.<br />
Sleeper Room.<br />
2-Bedroom Apartment - Dining Room.
1-Bedroom Apartment - Kitchen.<br />
BLACK DIAMOND REALTY<br />
11
12 <strong>160</strong> FAYETTE STREET • MORGANTOWN, WV<br />
View From Roof Facing Walnut <strong>Street</strong> PRT Station and Parking Garage - One Block from Subject Building.
View From Roof Facing WVU Downtown Campus and 72 Vehicle Surface Parking Lot .<br />
Roof Access.<br />
View of Building Rear.<br />
View of Building Front.
LOCATION OVERVIEW<br />
Monongalia County lies in north central West Virginia with Morgantown<br />
as the county seat and home of West Virginia University. Enrollment for<br />
WVU reached over 31,000 students and 7,400 faculty and staff for 2016<br />
and is expected to continue to grow significantly in the years to come.<br />
Education, health services, professional and business services are all<br />
expected to grow at a particularly high rate.<br />
POPULATION<br />
2015 Total Population<br />
Number Of Employees<br />
30,164<br />
13,728<br />
<strong>160</strong> FAYETTE STREET<br />
HOUSING<br />
Number Of Households<br />
Population Renting<br />
10,126<br />
57%<br />
INCOME<br />
Median Household Income: Morgantown, WV<br />
Median Household Income: Monongalia County, WV<br />
(The information above is sourced from DataUSA, 2015).<br />
$34,090<br />
$45,467<br />
Distance to nearby cities: Fairmont, WV - 20 miles, Uniontown, PA - 28 miles,<br />
Bridgeport, WV - 35 miles, Washington, PA - 47 miles, Pittsburgh, PA - 75 miles,<br />
Wheeling, WV - 86 miles, Charleston, WV - 156 miles.<br />
14 <strong>160</strong> FAYETTE STREET • MORGANTOWN, WV
The aerial above highlights several of the most<br />
popular surrounding locations. The subject building<br />
has been referenced with a yellow star. The<br />
property is located along <strong>Fayette</strong> <strong>Street</strong> between<br />
High <strong>Street</strong> and Chestnut <strong>Street</strong> in the downtown<br />
area of Morgantown. Alternate transportation<br />
options have also been labeled.<br />
Along Beechurst Ave there is a daily traffic<br />
count of 20,246 vehicles per day (WVDOH, 2015).<br />
Westover Area<br />
Sheetz<br />
Morgantown Chamber of Commerce<br />
Black Bear Burritos<br />
Monongalia County Magistrate<br />
Iron Horse Tavern<br />
Huntington Bank<br />
Dollar General<br />
Monongalia County Clerk<br />
Boston Beanery<br />
Subway<br />
Lotsa Stone Fired Pizza Pizza<br />
Public Safety Center<br />
Morgantown Public Library<br />
Morgantown Municipal Building<br />
Morgantown Farmers Market<br />
BB&T Bank<br />
Panera Bread<br />
CVS<br />
WV Junior College<br />
Downtown Campus Library<br />
Mountainlair<br />
West Virginia University Main Campus<br />
University Place Housing<br />
State On Campus Housing<br />
Mon General Hospital<br />
Milan Puskar Stadium<br />
Ruby Memorial Hospital/<br />
Health Sciences Center<br />
Suncrest Area<br />
WVU Evansdale Campus<br />
Walnut PRT Station<br />
Beechurst PRT Station<br />
Mointain Line Bus Stop<br />
BLACK DIAMOND REALTY<br />
15
Aerial View Facing West.<br />
Aerial View Facing South.<br />
Aerial View Facing East.
Aerial View Facing West.<br />
BLACK DIAMOND REALTY<br />
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CONTACT<br />
BLACK DIAMOND REALTY LLC<br />
1399 Stewartstown Road, Suite 300<br />
Morgantown, WV 26505<br />
Mark J. Nesselroad, Broker<br />
mjnesselroad@blackdiamondrealty.net<br />
Murphy Holloway, Associate<br />
mholloway@blackdiamondrealty.net<br />
Janelle Zeoli, Multimedia Specialist/Designer<br />
jzeoli@blackdiamondrealty.net<br />
P. 304.413.4350 F. 304.599.3285<br />
BlackDiamondRealty.net<br />
David Lorenze, Principal<br />
dlorenze@blackdiamondrealty.net<br />
Jeff Stenger, Associate<br />
jstenger@blackdiamondrealty.net<br />
* All information is believed to be a<br />
ccurate but not guaranteed. More<br />
information is available upon request.