Caliber Collision - Market Survey

MARKET SURVEY
MORGANTOWN, WV
PREPARED BY BLACK DIAMOND REALTY LLC
MAY 2023

TABLE OF CONTENTS
Available Locations Map
Map of the selected available locations.
Location 1
1501 Deckers Creek Blvd - Morgantown, WV 26505
Location 2
Gateway - Morgantown, WV 26501
Location 3
429 Grafton Road - Morgantown, WV 26508
Location 4
828 Fairmont Road - Westover, WV 26501
Location 5
Exit 152 - Morgantown, WV 26501
Location 6
386 Fairchance Road - Morgantown, WV 26508
Location 7
Mon-Fayette Junction - Morgantown, WV 26508
Location 8
699 Burroughs Street - Morgantown, WV 26505
02
03
04
05
06
07
08
09
10
SITE PRESENTATION
CALIBER COLLISION

LOCATIONS MAP
EXIT 10
EXIT 155
EXIT 153
EXIT 7
EXIT 152
EXIT 4
NEW I-79 EXIT
EXIT 1
1501 Deckers Creek Blvd
Morgantown, WV 26505
Gateway
Morgantown, WV 26501
429 Grafton Road
Morgantown, WV 26508
828 Fairmont Road
Westover, WV 26501
EXIT 152
Morgantown, WV 26501
386 Fairchance Road
Morgantown, WV 26508
Mon-Fayette Junction
Morgantown, WV 26508
EXIT 4
Morgantown, WV 26505
02

1
1501 DECKERS CREEK BLVD
MORGANTOWN, WV 26501
SCAN TO VIEW
MORE PHOTOS
AS-IS ASKING PRICE / $2,950,000 (OPTION 1)
GROSS LOT SIZE / 5.52 ACRES
CITY LIMITS / INSIDE
ZONING / B-2
VISIBILITY / GOOD
AVAILABILITY / IMMEDIATE
ACCESSIBILITY / 1.1 MILES TO I-68, EXIT 4
TRAFFIC COUNT / DECKERS CREEK ROAD:
3,545 VPD AADT (2020)
DESCRIPTION
1501 Deckers Creek Blvd is an industrial property containing
five buildings on 5.52 (+/-) acres. The buildings include
13,300 (+/-) square feet of industrial space, 1,440 (+/-)
square feet of warehouse space with loading dock, two
8,000 (+/-) square foot open air sheds with roofs and one
4,000 (+/-) square foot open air shed with roof. The property
is fenced and offers a gated entrance for added security.
Plenty of gravel storage yard is available in various areas on
the property surrounding the buildings.
The entire property is available for purchase for $2,950,000
(option 1), or a portion of the property including four buildings
and approximately 1.5 (+/-) acres, which is outlined in
red below (option 2). Option 2 pricing is TBD.
VIEW ON GOOGLE MAPS
https://goo.gl/maps/jAcwNGH9Qoosh9mx9
MARKET SURVEY
CALIBER COLLISION
OPTION 1
OPTION 2
03

2
GATEWAY
MORGANTOWN, WV 26505
EXIT 155
SUBJECT LOCATION
AS-IS ASKING PRICE / $1,700,000
GROSS LOT SIZE / 2.76 ACRES
CITY LIMITS / OUTSIDE
ZONING / NO ZONING
VISIBILITY / EXCELLENT (I-79 AND CHAPLIN HILL ROAD)
AVAILABILITY / IMMEDIATE
ACCESSIBILITY / ~0.1 MILE TO I-79 EXIT 155
DESCRIPTION
The available parcels of land are pad ready and 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. Two parcels totaling 2.76 (+/-) acres remain within
Gateway. Westover signage criteria does not apply to
Gateway and there are no B&O Taxes on construction
and no permit fees for construction.
TRAFFIC COUNT / I-79, EXIT 155: 58,797 VPD AADT (2015)
VIEW ON GOOGLE MAPS
https://goo.gl/maps/RutNVui66rwtBhi26
MARKET SURVEY
CALIBER COLLISION
04

3
429 GRAFTON ROAD
MORGANTOWN, WV 26508
EXIT 1
SUBJECT LOCATION
AS-IS ASKING PRICE / $1,500,000
GROSS LOT SIZE / 10.25 ACRES (~5.5 USABLE ACRES)
CITY LIMITS / OUTSIDE
ZONING / NO ZONING
VISIBILITY / EXCELLENT (ROUTE 119 VISIBILITY)
AVAILABILITY / IMMEDIATE
DESCRIPTION
The subject land is located immediately along Route 119
(Grafton Road), approximately 0.3 mile from I-68, Exit 1,
and 1 mile from the I-68/I-79 interchange. The property
is situated in a developing area, just outside of the City
Limits of Morgantown. The site is comprised of two
irregular shaped parcels of land, one being 9.28 acres
and the other being 0.97 acres totaling 10.25 acres of
undeveloped land. WVDOH has approved a traffic light
at this intersection.
ACCESSIBILITY / ~0.3 MILE TO I-68 EXIT 1
TRAFFIC COUNT / I-79: 46,137 VPD AADT (2016)
VIEW ON GOOGLE MAPS
https://goo.gl/maps/aS3NmrCoFzo9Q5oq5
MARKET SURVEY
CALIBER COLLISION
05

4
828 FAIRMONT ROAD
MORGANTOWN, WV 26501
EXIT 152
SUBJECT LOCATION
AS-IS ASKING PRICE / $3,000,000
GROSS LOT SIZE / 2.26 ACRES
CITY LIMITS / INSIDE
ZONING / COMMERCIAL
VISIBILITY / EXCELLENT (ROUTE 19 VISIBILITY)
AVAILABILITY / IMMEDIATE
DESCRIPTION
The subject property is located within Westover, just 0.5
mile off I-79, Exit 152, and less than 2 miles from Downtown
Morgantown. The property is within walking distance
to many amenities including downtown and West
Virginia University’s main campus. The property includes
a 30,881 (+/-) square foot retail building that was built in
1963 and previously used as a Shop N’ Save. There is a
large paved parking lot with roughly 140 parking spaces.
ACCESSIBILITY / ~0.5 MILE TO I-79 EXIT 152
TRAFFIC COUNT / I-79: 28,322 VPD AADT (2020)
VIEW ON GOOGLE MAPS
https://goo.gl/maps/GQdPA5GPLxjnNWWT9
MARKET SURVEY
CALIBER COLLISION
06

5
EXIT 152 - NEW INTERCHANGE
MORGANTOWN, WV 26501
SUBJECT LOCATION
NEW I-79 EXIT
SUBJECT LOCATION
AS-IS ASKING PRICE / $250,000 - $350,000 PER ACRE
GROSS LOT SIZE / 4 ACRES, 7.2 ACRES
CITY LIMITS / OUTSIDE
ZONING / NO ZONING
VISIBILITY / EXCELLENT (I-79 VISIBILITY)
AVAILABILITY / VARIES
ACCESSIBILITY / ~3 MILES TO I-79 EXIT 152 (CURRENTLY)
.25-.5 MILE TO NEW EXIT (FUTURE-2/3 YEARS)
DESCRIPTION
The available pads of land are located within Phase II of
Morgantown Industrial Park, one of the most highly visible
business and industrial developments in Morgantown.
Pad A will offer 4 acres and B will offer 7.2 acres. Both
pads will be located immediately off of the new interstate
exit. The Industrial Park is located outside the city limits
of Morgantown on the opposite side of the Monongahela
River from the downtown/central business district where
there is no zoning.
SITE PAD B
AREA = 7.2 ACRES
CUT = 88,100 CY
FILL = 170,800 CY
TRAFFIC COUNT / I-79: 42,329 VPD AADT (2017)
VIEW ON GOOGLE MAPS
https://goo.gl/maps/rj369Me6zjHyWhdQA
RIVER ROAD
PAD
EL = 1326'
1325
1300
1275
1375
1350
1275
1300
PAD
EL = 1308'
1275
1300
SITE PAD A
AREA = 8.3 ACRES
CUT = 154,300 CY
FILL = 72,100 CY
MTB PAD
PAD
EL = 1205'
SITE PAD 3
AREA = 11.0 ACRES
PAD
EL = 1204'
1150
1125
1100
1075
MASTER GRAPHICS RD
MARKET SURVEY
CALIBER COLLISION
07

6
386 FAIRCHANCE ROAD
MORGANTOWN, WV 26508
EXIT 10
SUBJECT LOCATION
EXIT 1
AERIAL FROM 2013
AS-IS ASKING PRICE / $650,000
GROSS LOT SIZE / 4.44 ACRES
CITY LIMITS / OUTSIDE
ZONING / NO ZONING
VISIBILITY / GOOD (ROUTE 43 VISIBILITY)
AVAILABILITY / IMMEDIATE
ACCESSIBILITY / 0.4 MILE TO ROUTE 43 EXIT 1
1.2 MILES TO I-68 EXIT 10
TRAFFIC COUNT / FAIRCHANCE ROAD:
5,270 VPD AADT (2013)
DESCRIPTION
The subject land is located off of Route 857, Fairchance
Road, 0.4 mile to Route 43, 1.2 miles to I-68, Exit 10
and 11 miles to the I-68/I-79 interchange. The property
is situated northwest of the developing areas including
Cheat Lake and Morgantown. The site is comprised of one
irregular shaped parcel of land containing 4.44 acres. Near
the front of the property is a 1,152 (+/-) square foot house
and a detached garage. A majority of the land is undeveloped
and flat to gently rolling in topography. The land is
slightly raised above Route 857.
VIEW ON GOOGLE MAPS
https://goo.gl/maps/fbufUeeN5qWNdX6Z8
MARKET SURVEY
CALIBER COLLISION
08

7
MON-FAYETTE JUNCTION
MORGANTOWN, WV 26508
EXIT 10
EXIT 1
EXIT 1
PAD B
PAD C
PAD C2
PAD B2
PAD D2
AS-IS ASKING PRICE /
PAD B: $575,000 PER ACRE
PAD B2: $625,000 PER ACRE
PAD C & C2: $475,000 PER ACRE
PAD D2: $725,000 PER ACRE
GROSS LOT SIZE / VARIES
CITY LIMITS / OUTSIDE
DESCRIPTION
The subject commercial development is located just off of
Route 43, Exit 1 and is less than one mile from I-68, Exit
10. The property is situated northeast of Cheat Lake and
Morgantown and offers excellent visibility to Route 43
traffic. The development offers a range of pad ready sites
from 2.2 acres to 4.6 acres. Some pads can be subdivided.
This development is not restricted to zoning and is not
subject to B&O tax.
ZONING / NO ZONING
VISIBILITY / EXCELLENT (ROUTE 43 VISIBILITY)
AVAILABILITY / IMMEDIATE
ACCESSIBILITY / 0.1 MILE TO ROUTE 43 EXIT 1
1 MILE TO I-68 EXIT 10
TRAFFIC COUNT / ROUTE 43, EXIT 1: 3,666 VPD AADT (2019)
VIEW ON GOOGLE MAPS
PAD C
PAD C2
PAD B
PAD B2
PAD D2
MARKET SURVEY
CALIBER COLLISION
09

8
EXIT 4
MORGANTOWN, WV 26508
EXIT 4
SUBJECT LOCATION
AS-IS ASKING PRICE / TBD
GROSS LOT SIZE / 1.35 ACRES
CITY LIMITS / INSIDE
ZONING / B-2
VISIBILITY / EXCELLENT (PARTIAL I-68 VISIBILITY)
AVAILABILITY / TBD
DESCRIPTION
Located within the Sabraton area of Morgantown right off
of I-68, Exit 4, this property offers 1.35 (+/-) acres via flat,
gravel lot. The land is partially visible from the interstate
and highly visible from Earl Core Road (Route 7). This
site is easily accessible from the main roadway and major
thoroughfares.
ACCESSIBILITY / 0.1 MILE TO I-768, EXIT 4
TRAFFIC COUNT / I-68: 35,442 VPD AADT (2019)
VIEW ON GOOGLE MAPS
https://goo.gl/maps/VzbSGs1nocZnv1bW8
MARKET SURVEY
CALIBER COLLISION
10

CONTACT
BLACK DIAMOND REALTY LLC
1399 Stewartstown Road
Suite 150
Morgantown, WV 26505
P. 304.413.4350
BlackDiamondRealty.net
Mark J. Nesselroad, Broker
mjnesselroad@blackdiamondrealty.net
David Lorenze, Principal
dlorenze@blackdiamondrealty.net