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