Caliber Collision - Market Survey
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MARKET SURVEY<br />
MORGANTOWN, WV<br />
PREPARED BY BLACK DIAMOND REALTY LLC<br />
MAY 2023
TABLE OF CONTENTS<br />
Available Locations Map<br />
Map of the selected available locations.<br />
Location 1<br />
1501 Deckers Creek Blvd - Morgantown, WV 26505<br />
Location 2<br />
Gateway - Morgantown, WV 26501<br />
Location 3<br />
429 Grafton Road - Morgantown, WV 26508<br />
Location 4<br />
828 Fairmont Road - Westover, WV 26501<br />
Location 5<br />
Exit 152 - Morgantown, WV 26501<br />
Location 6<br />
386 Fairchance Road - Morgantown, WV 26508<br />
Location 7<br />
Mon-Fayette Junction - Morgantown, WV 26508<br />
Location 8<br />
699 Burroughs Street - Morgantown, WV 26505<br />
02<br />
03<br />
04<br />
05<br />
06<br />
07<br />
08<br />
09<br />
10<br />
SITE PRESENTATION<br />
CALIBER COLLISION
LOCATIONS MAP<br />
EXIT 10<br />
EXIT 155<br />
EXIT 153<br />
EXIT 7<br />
EXIT 152<br />
EXIT 4<br />
NEW I-79 EXIT<br />
EXIT 1<br />
1501 Deckers Creek Blvd<br />
Morgantown, WV 26505<br />
Gateway<br />
Morgantown, WV 26501<br />
429 Grafton Road<br />
Morgantown, WV 26508<br />
828 Fairmont Road<br />
Westover, WV 26501<br />
EXIT 152<br />
Morgantown, WV 26501<br />
386 Fairchance Road<br />
Morgantown, WV 26508<br />
Mon-Fayette Junction<br />
Morgantown, WV 26508<br />
EXIT 4<br />
Morgantown, WV 26505<br />
02
1<br />
1501 DECKERS CREEK BLVD<br />
MORGANTOWN, WV 26501<br />
SCAN TO VIEW<br />
MORE PHOTOS<br />
AS-IS ASKING PRICE / $2,950,000 (OPTION 1)<br />
GROSS LOT SIZE / 5.52 ACRES<br />
CITY LIMITS / INSIDE<br />
ZONING / B-2<br />
VISIBILITY / GOOD<br />
AVAILABILITY / IMMEDIATE<br />
ACCESSIBILITY / 1.1 MILES TO I-68, EXIT 4<br />
TRAFFIC COUNT / DECKERS CREEK ROAD:<br />
3,545 VPD AADT (2020)<br />
DESCRIPTION<br />
1501 Deckers Creek Blvd is an industrial property containing<br />
five buildings on 5.52 (+/-) acres. The buildings include<br />
13,300 (+/-) square feet of industrial space, 1,440 (+/-)<br />
square feet of warehouse space with loading dock, two<br />
8,000 (+/-) square foot open air sheds with roofs and one<br />
4,000 (+/-) square foot open air shed with roof. The property<br />
is fenced and offers a gated entrance for added security.<br />
Plenty of gravel storage yard is available in various areas on<br />
the property surrounding the buildings.<br />
The entire property is available for purchase for $2,950,000<br />
(option 1), or a portion of the property including four buildings<br />
and approximately 1.5 (+/-) acres, which is outlined in<br />
red below (option 2). Option 2 pricing is TBD.<br />
VIEW ON GOOGLE MAPS<br />
https://goo.gl/maps/jAcwNGH9Qoosh9mx9<br />
MARKET SURVEY<br />
CALIBER COLLISION<br />
OPTION 1<br />
OPTION 2<br />
03
2<br />
GATEWAY<br />
MORGANTOWN, WV 26505<br />
EXIT 155<br />
SUBJECT LOCATION<br />
AS-IS ASKING PRICE / $1,700,000<br />
GROSS LOT SIZE / 2.76 ACRES<br />
CITY LIMITS / OUTSIDE<br />
ZONING / NO ZONING<br />
VISIBILITY / EXCELLENT (I-79 AND CHAPLIN HILL ROAD)<br />
AVAILABILITY / IMMEDIATE<br />
ACCESSIBILITY / ~0.1 MILE TO I-79 EXIT 155<br />
DESCRIPTION<br />
The available parcels of land are pad ready and located<br />
within Gateway, a newly established mixed-use development,<br />
with interstate visibility and easy access to major<br />
thoroughfares and many amenities. The development is<br />
located immediately off of I-79, Exit 155 and is home to<br />
retail, restaurant, medical, convenience, and hospitality<br />
users. Two parcels totaling 2.76 (+/-) acres remain within<br />
Gateway. Westover signage criteria does not apply to<br />
Gateway and there are no B&O Taxes on construction<br />
and no permit fees for construction.<br />
TRAFFIC COUNT / I-79, EXIT 155: 58,797 VPD AADT (2015)<br />
VIEW ON GOOGLE MAPS<br />
https://goo.gl/maps/RutNVui66rwtBhi26<br />
MARKET SURVEY<br />
CALIBER COLLISION<br />
04
3<br />
429 GRAFTON ROAD<br />
MORGANTOWN, WV 26508<br />
EXIT 1<br />
SUBJECT LOCATION<br />
AS-IS ASKING PRICE / $1,500,000<br />
GROSS LOT SIZE / 10.25 ACRES (~5.5 USABLE ACRES)<br />
CITY LIMITS / OUTSIDE<br />
ZONING / NO ZONING<br />
VISIBILITY / EXCELLENT (ROUTE 119 VISIBILITY)<br />
AVAILABILITY / IMMEDIATE<br />
DESCRIPTION<br />
The subject land is located immediately along Route 119<br />
(Grafton Road), approximately 0.3 mile from I-68, Exit 1,<br />
and 1 mile from the I-68/I-79 interchange. The property<br />
is situated in a developing area, just outside of the City<br />
Limits of Morgantown. The site is comprised of two<br />
irregular shaped parcels of land, one being 9.28 acres<br />
and the other being 0.97 acres totaling 10.25 acres of<br />
undeveloped land. WVDOH has approved a traffic light<br />
at this intersection.<br />
ACCESSIBILITY / ~0.3 MILE TO I-68 EXIT 1<br />
TRAFFIC COUNT / I-79: 46,137 VPD AADT (2016)<br />
VIEW ON GOOGLE MAPS<br />
https://goo.gl/maps/aS3NmrCoFzo9Q5oq5<br />
MARKET SURVEY<br />
CALIBER COLLISION<br />
05
4<br />
828 FAIRMONT ROAD<br />
MORGANTOWN, WV 26501<br />
EXIT 152<br />
SUBJECT LOCATION<br />
AS-IS ASKING PRICE / $3,000,000<br />
GROSS LOT SIZE / 2.26 ACRES<br />
CITY LIMITS / INSIDE<br />
ZONING / COMMERCIAL<br />
VISIBILITY / EXCELLENT (ROUTE 19 VISIBILITY)<br />
AVAILABILITY / IMMEDIATE<br />
DESCRIPTION<br />
The subject property is located within Westover, just 0.5<br />
mile off I-79, Exit 152, and less than 2 miles from Downtown<br />
Morgantown. The property is within walking distance<br />
to many amenities including downtown and West<br />
Virginia University’s main campus. The property includes<br />
a 30,881 (+/-) square foot retail building that was built in<br />
1963 and previously used as a Shop N’ Save. There is a<br />
large paved parking lot with roughly 140 parking spaces.<br />
ACCESSIBILITY / ~0.5 MILE TO I-79 EXIT 152<br />
TRAFFIC COUNT / I-79: 28,322 VPD AADT (2020)<br />
VIEW ON GOOGLE MAPS<br />
https://goo.gl/maps/GQdPA5GPLxjnNWWT9<br />
MARKET SURVEY<br />
CALIBER COLLISION<br />
06
5<br />
EXIT 152 - NEW INTERCHANGE<br />
MORGANTOWN, WV 26501<br />
SUBJECT LOCATION<br />
NEW I-79 EXIT<br />
SUBJECT LOCATION<br />
AS-IS ASKING PRICE / $250,000 - $350,000 PER ACRE<br />
GROSS LOT SIZE / 4 ACRES, 7.2 ACRES<br />
CITY LIMITS / OUTSIDE<br />
ZONING / NO ZONING<br />
VISIBILITY / EXCELLENT (I-79 VISIBILITY)<br />
AVAILABILITY / VARIES<br />
ACCESSIBILITY / ~3 MILES TO I-79 EXIT 152 (CURRENTLY)<br />
.25-.5 MILE TO NEW EXIT (FUTURE-2/3 YEARS)<br />
DESCRIPTION<br />
The available pads of land are located within Phase II of<br />
Morgantown Industrial Park, one of the most highly visible<br />
business and industrial developments in Morgantown.<br />
Pad A will offer 4 acres and B will offer 7.2 acres. Both<br />
pads will be located immediately off of the new interstate<br />
exit. The Industrial Park is located outside the city limits<br />
of Morgantown on the opposite side of the Monongahela<br />
River from the downtown/central business district where<br />
there is no zoning.<br />
SITE PAD B<br />
AREA = 7.2 ACRES<br />
CUT = 88,100 CY<br />
FILL = 170,800 CY<br />
TRAFFIC COUNT / I-79: 42,329 VPD AADT (2017)<br />
VIEW ON GOOGLE MAPS<br />
https://goo.gl/maps/rj369Me6zjHyWhdQA<br />
RIVER ROAD<br />
PAD<br />
EL = 1326'<br />
1325<br />
1300<br />
1275<br />
1375<br />
1350<br />
1275<br />
1300<br />
PAD<br />
EL = 1308'<br />
1275<br />
1300<br />
SITE PAD A<br />
AREA = 8.3 ACRES<br />
CUT = 154,300 CY<br />
FILL = 72,100 CY<br />
MTB PAD<br />
PAD<br />
EL = 1205'<br />
SITE PAD 3<br />
AREA = 11.0 ACRES<br />
PAD<br />
EL = 1204'<br />
1150<br />
1125<br />
1100<br />
1075<br />
MASTER GRAPHICS RD<br />
MARKET SURVEY<br />
CALIBER COLLISION<br />
07
6<br />
386 FAIRCHANCE ROAD<br />
MORGANTOWN, WV 26508<br />
EXIT 10<br />
SUBJECT LOCATION<br />
EXIT 1<br />
AERIAL FROM 2013<br />
AS-IS ASKING PRICE / $650,000<br />
GROSS LOT SIZE / 4.44 ACRES<br />
CITY LIMITS / OUTSIDE<br />
ZONING / NO ZONING<br />
VISIBILITY / GOOD (ROUTE 43 VISIBILITY)<br />
AVAILABILITY / IMMEDIATE<br />
ACCESSIBILITY / 0.4 MILE TO ROUTE 43 EXIT 1<br />
1.2 MILES TO I-68 EXIT 10<br />
TRAFFIC COUNT / FAIRCHANCE ROAD:<br />
5,270 VPD AADT (2013)<br />
DESCRIPTION<br />
The subject land is located off of Route 857, Fairchance<br />
Road, 0.4 mile to Route 43, 1.2 miles to I-68, Exit 10<br />
and 11 miles to the I-68/I-79 interchange. The property<br />
is situated northwest of the developing areas including<br />
Cheat Lake and Morgantown. The site is comprised of one<br />
irregular shaped parcel of land containing 4.44 acres. Near<br />
the front of the property is a 1,152 (+/-) square foot house<br />
and a detached garage. A majority of the land is undeveloped<br />
and flat to gently rolling in topography. The land is<br />
slightly raised above Route 857.<br />
VIEW ON GOOGLE MAPS<br />
https://goo.gl/maps/fbufUeeN5qWNdX6Z8<br />
MARKET SURVEY<br />
CALIBER COLLISION<br />
08
7<br />
MON-FAYETTE JUNCTION<br />
MORGANTOWN, WV 26508<br />
EXIT 10<br />
EXIT 1<br />
EXIT 1<br />
PAD B<br />
PAD C<br />
PAD C2<br />
PAD B2<br />
PAD D2<br />
AS-IS ASKING PRICE /<br />
PAD B: $575,000 PER ACRE<br />
PAD B2: $625,000 PER ACRE<br />
PAD C & C2: $475,000 PER ACRE<br />
PAD D2: $725,000 PER ACRE<br />
GROSS LOT SIZE / VARIES<br />
CITY LIMITS / OUTSIDE<br />
DESCRIPTION<br />
The subject commercial development is located just off of<br />
Route 43, Exit 1 and is less than one mile from I-68, Exit<br />
10. The property is situated northeast of Cheat Lake and<br />
Morgantown and offers excellent visibility to Route 43<br />
traffic. The development offers a range of pad ready sites<br />
from 2.2 acres to 4.6 acres. Some pads can be subdivided.<br />
This development is not restricted to zoning and is not<br />
subject to B&O tax.<br />
ZONING / NO ZONING<br />
VISIBILITY / EXCELLENT (ROUTE 43 VISIBILITY)<br />
AVAILABILITY / IMMEDIATE<br />
ACCESSIBILITY / 0.1 MILE TO ROUTE 43 EXIT 1<br />
1 MILE TO I-68 EXIT 10<br />
TRAFFIC COUNT / ROUTE 43, EXIT 1: 3,666 VPD AADT (2019)<br />
VIEW ON GOOGLE MAPS<br />
PAD C<br />
PAD C2<br />
PAD B<br />
PAD B2<br />
PAD D2<br />
MARKET SURVEY<br />
CALIBER COLLISION<br />
09
8<br />
EXIT 4<br />
MORGANTOWN, WV 26508<br />
EXIT 4<br />
SUBJECT LOCATION<br />
AS-IS ASKING PRICE / TBD<br />
GROSS LOT SIZE / 1.35 ACRES<br />
CITY LIMITS / INSIDE<br />
ZONING / B-2<br />
VISIBILITY / EXCELLENT (PARTIAL I-68 VISIBILITY)<br />
AVAILABILITY / TBD<br />
DESCRIPTION<br />
Located within the Sabraton area of Morgantown right off<br />
of I-68, Exit 4, this property offers 1.35 (+/-) acres via flat,<br />
gravel lot. The land is partially visible from the interstate<br />
and highly visible from Earl Core Road (Route 7). This<br />
site is easily accessible from the main roadway and major<br />
thoroughfares.<br />
ACCESSIBILITY / 0.1 MILE TO I-768, EXIT 4<br />
TRAFFIC COUNT / I-68: 35,442 VPD AADT (2019)<br />
VIEW ON GOOGLE MAPS<br />
https://goo.gl/maps/VzbSGs1nocZnv1bW8<br />
MARKET SURVEY<br />
CALIBER COLLISION<br />
10
CONTACT<br />
BLACK DIAMOND REALTY LLC<br />
1399 Stewartstown Road<br />
Suite 150<br />
Morgantown, WV 26505<br />
P. 304.413.4350<br />
BlackDiamondRealty.net<br />
Mark J. Nesselroad, Broker<br />
mjnesselroad@blackdiamondrealty.net<br />
David Lorenze, Principal<br />
dlorenze@blackdiamondrealty.net