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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 />

17


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.

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