Gateway Development Marketing Flyer

BlackDiamondRealtyLLC

The available parcels of land are located within Gateway, a newly established development with interstate visibility and easy access to major thoroughfares and many amenities. Gateway is located immediately off I-79, Exit 155 and is home to many national and local retail/restaurant brands.

GTAEWAY

MORGANTOWN, WV 26501

FOR SALE / LEASE

LAND MARKETING FLYER


GATEWAY

1 PARCEL AVAILABLE

INTERSTATE 79

EXIT 155

WESTRIDGE

NEW COMMERCIAL DEVELOPMENT

UNIVERSITY TOWN CENTRE

UNIVERSITY TOWN CENTRE DRIVE

WVU BLACK BEARS

STADIUM


TABLE OF CONTENTS

Property Overview / Specifications

Introduction of the development, specifications of the parcels, existing businesses

and access.

Location and Trend Analysis / Aerial Photo

Detailed description with an aerial photo of subject location and its

proximity to surrounding businesses.

Statistics and Growth Projections

Morgantown, WV population, employment, income, and reasons to be

proud of the location.

Parcel Maps / Parcel 4 Plat Plan

Overview of all available parcel locations/acreage and Plat Plan of Parcel 4.

Parcel 4, Lot 10, Renderings

Detailed description of Parcel 4, Lot 10 with photos and renderings.

Aerial Photos

Aerial photos of the property from various heights and angles.

02

04

06

08

10

12


304.413.4350

BlackDiamondRealty.net

David Lorenze, Principal

Jeff Stenger, Associate

Chris Waters, Associate

Kim Licciardi, Associate

Jeff Wise, Associate

LAND

FOR SALE / LEASE

GATEWAY

MORGANTOWN, WV 26501

SALE PRICE / VARIES PER PARCEL

TOTAL PARCELS AVAILABLE / 1

TOTAL ACREAGE / 1.11 ACRES

PROPERTY TYPE / LAND

PERMIT FEES / NONE FOR CONSTRUCTION

B&O TAX / NONE FOR CONSTRUCTION

PROPERTY FEATURES / LOCATED NEAR

MAJOR THOROUGHFARES, CLOSE TO

MANY AMENITIES, MAJOR ROADWAY

VISIBILITY

The available parcels of land are located within Gateway, a newly

established mixed-use development, with interstate visibility and

easy access to major thoroughfares and many amenities. The

development is located immediately off of I-79, Exit 155 and is

home to retail, restaurant, medical, convenience, and hospitality

users. There is one remaining parcel of land available for sale within

the development measuring 1.11 acres. Westover signage criteria

does not apply to Gateway and there are no B&O Taxes on

construction and no permit fees for construction.

Gateway is located within the city limits of Westover on the west side of I-79. The

entrance to the development is located immediately off the interstate at Exit 155.

The I-79/I-68 interchange is located roughly 5 miles south of Exit 155. Along I-79

near Exit 155, there is a traffic count of 58,797 vehicles per day (WVDOH, 2015).

02

GATEWAY


FOR SALE / LEASE

PARCELS OF LAND - LOCATED IMMEDIATELY OFF I-79, EXIT 155

GATEWAY · MORGANTOWN, WV 26501 · ONE PARCEL REMAINING

PROPERTY SPECIFICATIONS

EXISTING BUSINESSES

Existing tenants within the development include: Triple

S Harley Davidson (175,000 visitors per year), Mon General,

Burger King, Green Turtle Restaurant, Sportsman’s Warehouse,

LaQuinta Hotel & Suites, Candlewood Suites, H&R

Block, Joe Romeo’s Honda Dealership, PARCS Superstore,

Once Upon a Child, BFS gas station & convenience store,

Little Caesars, Dairy Queen and Tim Hortons.

DEVELOPMENT SPECIFICATIONS

Gateway is strategically located beside a major interstate,

I-79 North/South Corridor. The city of Westover owns the

roads, lights and storm-water drainage as well as the slopes

within the development and is responsible for repairs and

maintenance. Westover signage criteria does not apply to

Gateway and there are no B&O Taxes on construction and no

permit fees for construction. Within the development, there

are four parcels of land and one retail/office space available.

See the chart below for details.

LAND

PARCEL

ACRES

USABLE ACRES

ASKING PRICE

CAN BE

SUBDIVIDED

INGRESS / EGRESS

Gateway currently offers one point of ingress and egress via

a public road. Access can be achieved by turning north off

of Chaplin Hill Road onto Willie G Avenue located beside

the BFS gas station & convenience store.

Signage.

1 (5C)

SOLD

SOLD

SOLD

SOLD

2 (7C) SOLD SOLD SOLD

SOLD

2 (7D)

SOLD

SOLD

SOLD

SOLD

2 (7E)

SOLD

SOLD

SOLD

SOLD

3 (8A)

SOLD

SOLD

SOLD

SOLD

4 (Lot 9)

SOLD

SOLD

SOLD

SOLD

4 (Lot 10)

1.11 AC

0.8-0.9 AC

$1,000,000 / AC

NO

RETAIL / OFFICE SPACE

SUITE

SQUARE FOOTAGE

NNN EXPENSE

CAN BE

SUBDIVIDED

102

LEASED

LEASED

LEASED

Retail Building.

304.413. 4350

03


LOCATION TREND ANALYSIS

Monongalia County lies in north central West Virginia with

Morgantown as the county seat and home of West Virginia

University. WVU is ranked as a Research University (Highest

Research Activity) – R1 – in the 2018 Carnegie Classification of

Institutions of Higher Education. Fall WVU Fall 2019 enrollment

system reached nearly 30,000 students and full-time and part-time

faculty and staff remained steady at just under 8,000. Education,

health services, professional and business services are all expected

to grow at a particularly high rate.

GATEWAY

The Morgantown MSA regularly ranks a variety of lists pointing to

the area’s accomplishments in terms of growth, business development,

workforce cultivation and more. Morgantown’s prominence

in both of the recession-resistant sectors of higher education and

health care employment is one reason for the stability in the area.

The WVU Bureau of Business and Economic Research calls for

“continued healthy growth” well into the future.

Distance to nearby cities: Fairmont, WV - 17 miles, Uniontown, PA - 30 miles, Bridgeport, WV - 35 miles, Clarksburg, WV - 40

miles, Washington, PA - 42 miles, Pittsburgh, PA - 72 miles, Charleston, WV - 157 miles.

04 GATEWAY


FOR SALE / LEASE

PARCELS OF LAND - LOCATED IMMEDIATELY OFF I-79, EXIT 155

GATEWAY · MORGANTOWN, WV 26501 · ONE PARCEL REMAINING

AERIAL

The aerial above was taken facing east towards

Morgantown. Several surrounding businesses

have been highlighted with blue numbers.

Referenced with orange numbers are Parcels

1, 2, 3 and 4.

At the entrance to Gateway along Chaplin

Hill Road, there is a traffic count of 9,616

vehicles per day (WVDOH, 2015). Along I-79

near Exit 155, there is a traffic count of 58,797

vehicles per day (WVDOH, 2015).

Parcel 1 - SOLD

Parcel 2 - SOLD

Parcel 3 - SOLD

Parcel 4 - 1.11 - Acres,

1.65 - Acres (SOLD)

Colombo Law

Chipotle, Starbucks

McDonald’s, First United Bank

Sheetz

Olive Garden, Red Lobster

Chili’s, LongHorn Steakhouse, Cheddar’s

Fairfield Inn & Suites by Marriott

Barnes & Noble

Best Buy

Giant Eagle

Dick’s Sporting Goods, Ashley Home

Store,AC Moore, Ulta Beauty, Kirkland’s

Dominion Apartments

Bed Bath & Beyond, TJ Maxx, Dollar

Tree, Petco, Cici’s Pizza, Sweet Frog

Target

Sams Club

Premier Chevrolet, Buick, GMC

Walmart Supercenter

WVU Medicine

Monongalia County Ballpark

Courtyard by Marriott

Star Furniture

Buffalo Wild Wings

Freedom Ford WV

Hampton Inn & Suites

Westridge Development

Wesmon Plaza

Westover

Downtown Morgantown

WVU Main Campus

WVU Evansdale Campus

Suncrest

WVU Health Sciences / Ruby Memorial Hospital

304.413. 4350

05


MORGANTOWN,

WEST VIRGINIA

Morgantown, WV excelled during The Great Recession primarily due to its strong

economic job base focused on recession-resistant employment opportunities in the

education, healthcare, and government sectors. Morgantown has received national

recognition for its high quality of life and economic stability. Morgantown has been

featured nationally in various media outlets over the past decade for its strong economy.

06 GATEWAY


FOR SALE / LEASE

PARCELS OF LAND - LOCATED IMMEDIATELY OFF I-79, EXIT 155

GATEWAY · MORGANTOWN, WV 26501 · ONE PARCEL REMAINING

STATISTICS AND GROWTH PROJECTIONS

9.8%

POPULATION INCREASE

Monongalia County has seen a 9.8% population increase between 2010 (96,184)

and 2019 (105,612) (Census.gov, 2019).

47,192

TOTAL PEOPLE EMPLOYED

In 2019, Monongalia County employed 47,192 people via 2,340

establishments (Census.gov, 2019).

WVU R1

INSTITUTION

West Virginia University maintains its R1 ranking – very high research activity rank

among the nation’s elite research institutions as reflected in the Carnegie Classification

of Institutions of Higher Education.

$55,940

MEDIAN HOUSEHOLD INCOME

In 2019, Monongalia County had a median household income of

$55,940, ~80% of the average of Unites States ($65,712) and 20%

higher than West Virginia ($48,850) (Censusreporter.org, 2019).

293.3

PEOPLE PER SQ MILE

In 2019, Monongalia County had 293.3 people per square mile which is 74.6%

higher than West Virginia and 32.6% higher than Kanawah County (Charleston, WV)

(Censusreporter.org, 2019).

304.413. 4350

07


PARCELS

AVAILABLE PARCELS

SOLD PARCELS

UNDER CONTRACT PARCELS

0.37

ACRES

3

2.32

ACRES

2

2

0.93

ACRES

1.17

ACRES

1

GATEWAY ENTRANCE

CHAPLIN HILL ROAD & MALONE DRIVE

1.65

ACRES

4

(LOT 9)

4

(LOT 10)

1.11

ACRES

*Boundaries are approximate

08 GATEWAY


FOR SALE / LEASE

PARCELS OF LAND - LOCATED IMMEDIATELY OFF I-79, EXIT 155

GATEWAY · MORGANTOWN, WV 26501 · ONE PARCEL REMAINING

PARCEL 4 PLAT PLAN

TABLE

Length

49.93

15.19

70.82

32.04

109.71

16.71

12.68

1.46

72.52

This parcel offers roughly 1.1 remaining acres along Chaplin

Hill Road, just west of the main Gateway entrance and beside

the BFS gas station. See the plat plan below and building

renderings on Page 17. Lot 9 has been sold, Lot 10, 1.11 (+/-)

acres is available.

CITY OF WESTOVER

DB 1608, PG 472

WESTOVER CORP.

TM 16, PCL 20

N77° 21' 04"E 48.08'

N63° 33' 04"E 142.63'

LOT 10 REFERENCE LINE

N86° 10' 28"E 77.99'

N/F

5/8" IB

FOUND

WESTOVER CORP.

TM 16, PCL 9

BRUCETON FARM

SERVICE, INC.

DB 1479, PG 44

WESTOVER CORP.

TM 16, PCL 6

93.33

20.10

46.19

51.90

25.00

1.46

12.68

16.58

109.57

32.99

71.91

0.41

23.34

43.44

RVE TABLE

ngth

Radius

LOT 9 REFERENCE LINE

S30° 56' 55"E 356.67'

CON. MON.

FOUND

DRAINAGE & UTILITY

EASEMENT

REFERENCE LINE

N69° 59' 22"E 28.12'

N38° 53' 25"W 33.45'

ACCESS EASEMENT

REFERENCE LINE

N33° 43' 58"W 108.88'

N33° 43' 58"W 215.54'

C1

L23

C14

L1

N77° 21' 04"E 318.07'

L22

C2

C13

L21

L2

C12

C3

LOT 9

1.65 AC.

C4

DRAINAGE & UTILITY

EASEMENT

REFERENCE LINE

N22° 36' 28"W 54.17'

L3

L20

N22° 36' 28"W 240.72'

S22° 36' 28"E 240.72'

L4

L5

LOT 10

1.11 AC.

L19 L18 C10 L17

C5

S29° 57' 17"E 150.37'

DOROTHY K. McCROBIE

GRANT DISTRICT

TM 3A, PCL 8

S30° 56' 31"E 20.10'

L6

DB 72, PG 257

S32° 15' 01"E 67.06'

N/F

DOROTHY K. McCROBIE

DB 696, PG 274

GRANT DISTRICT

TM 3A, PCL 33

S67° 23' 32"W 121.91' S63° 32' 11"W 101.36'

C6

C9

L7

L16

C7

C8

L8

L15

L14

L9

L13

L10

L12

L11

THIRTEENTH REVISED DECLARATION PLAT

WV Co. Rt. 43/1 - Solomon Road

7.18

60.91

42.96

36.14

7.86

59.61

36.39

26.00

74.37

6.55

43.37

64.44

38.07

24.83

20.00

40.00

40.00

100.00

120.00

80.00

70.00

50.00

100.00

100.00

120.00

60.00

25.00

25.00

N/F

CARNIVAL

PROPERTIES, LLC

DB 1389, PG 581

TM #3, PARCEL 12

N84° 16' 59"W 100.18'

C11

S69° 05' 00"W 155.72'

WV Co. Rt. 19/24 - Chaplin Road

GRID NORTH

LEGEND

S67° 23' 32"W 18.48'

5/8" IRON BAR (AS NOTED)

CONCRETE MONUMENT (FOUND)

POINT

WVDOH R/W

LOT LINES

ACCESS EASEMENT

DRAINAGE & UTILITY EASEMENT

0

60' 120' 180'

Scale: 1 Inch = 60' Feet

PATRICK E. GALLAGHER

P.S. 1352

304.413. 4350

09


PARCEL 4, LOT 10

1.11 ACRES - $1,000,000 ( PRICED PER ACRE)

Parcel 4 (Lot 10) is located along Chaplin Hill Road,

just west of the main entrance 3 of Gateway. Highlighted in

blue below, the site is positioned beside the BFS gas station.

The site offers one remaining lot at 1.11 (+/-) acres. Roughly

0.8-0.9 (+/-) acre of this lot is considered usable. This lot is

pad ready.

2

2

1

Aerial of Parcel 4, Lot 10 Outlined.

4

(LOT 9)

4

(LOT 10)

*Boundaries are approximate

Aerial of Parcel 4, Lot 10 Outlined..

10 GATEWAY


FOR SALE / LEASE

PARCELS OF LAND - LOCATED IMMEDIATELY OFF I-79, EXIT 155

GATEWAY · MORGANTOWN, WV 26501 · ONE PARCEL REMAINING

PARCEL 4 RENDERINGS

304.413. 4350

11


AERIAL PHOTOS

Aerial View of Gateway Facing East (2019).

Aerial View of Gateway Facing West (2019).

12 GATEWAY


FOR SALE / LEASE

PARCELS OF LAND - LOCATED IMMEDIATELY OFF I-79, EXIT 155

GATEWAY · MORGANTOWN, WV 26501 · ONE PARCEL REMAINING

Aerial View of Gateway Facing North (2020).

304.413. 4350

13


CONTACT

BLACK DIAMOND REALTY LLC

1399 Stewartstown Road, Suite 150

Morgantown, WV 26505

P. 304.413.4350 F. 304.599.3285

BlackDiamondRealty.net

* All information is believed to be accurate

but not guaranteed. More information is

available upon request.

Mark J. Nesselroad, Broker

mjnesselroad@blackdiamondrealty.net

David Lorenze, Principal

dlorenze@blackdiamondrealty.net

Jeff Stenger, Associate

jstenger@blackdiamondrealty.net

Chris Waters, Associate

cwaters@blackdiamondrealty.net

Kim Licciardi, Associate

klicciardi@blackdiamondrealty.net

Jeff Wise, Associate

jwise@blackdiamondrealty.net

Janelle Zeoli, Senior Designer/Marketing Coordinator

jzeoli@blackdiamondrealty.net

Andrea Cooper, Junior Designer/Office Manager

acooper@blackdiamondrealty.net

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