31.08.2017 Views

Morgantown Industrial Park Marketing Flyer

The available parcels of land are located within the Morgantown Industrial Park, one of the most highly visible Business/Industrial developments in Morgantown. The park offers direct access to rail and water transportation within a few miles of both I-79 and I-68 and is accessible off River Road or WV Route 45 forming Dupont Road just south of the site at the entrance to the park.

The available parcels of land are located within the Morgantown Industrial Park, one of the most highly visible Business/Industrial developments in Morgantown. The park offers direct access to rail and water transportation within a few miles of both I-79 and I-68 and is accessible off River Road or WV Route 45 forming Dupont Road just south of the site at the entrance to the park.

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FOR SALE / LEASE<br />

/ BUILD-TO-SUIT<br />

LAND MARKETING FLYER<br />

PHASE II - 5 PARCELS<br />

3.6 - 28.3 ACRES<br />

PHASE I - 5 PARCELS<br />

1.8 - 8 ACRES<br />

MORGANTOWN INDUSTRIAL PARK<br />

MORGANTOWN, WV 26501


PHASE I<br />

PARCEL 1<br />

1.8 ACRES<br />

PARCEL 2<br />

2 ACRES<br />

PARCEL 3<br />

5.6 ACRES<br />

PARCEL 7<br />

8 ACRES


TABLE OF CONTENTS<br />

<strong>Industrial</strong> <strong>Park</strong> Overview / Specifications<br />

Introduction of the industrial park, specifications of the parcels, existing businesses,<br />

utilities, access, and directions.<br />

Location and Trend Analysis / Aerial Photo<br />

Detailed description with an aerial photo of the parcels and their proximity to<br />

surrounding businesses.<br />

Statistics and Growth Projections<br />

<strong>Morgantown</strong>, WV population, employment, income, and a few reasons to be<br />

proud of the location.<br />

Phase I Parcel Map / Aerial Video<br />

Overview of all available parcel locations/acreage in Phase I plus aerial video.<br />

Phase I Parcels (1-7)<br />

Detailed descriptions and photos of the seven parcels in Phase I.<br />

Phase II Parcel Site Plan (A-E)<br />

Site plan drawing for Parcels A, B, C, D and E with drone photos.<br />

Aerial Photos<br />

Aerial photos of the parcels in Phase I and II from various heights and angles.<br />

02<br />

04<br />

06<br />

08<br />

10<br />

20<br />

22


304.413.4350<br />

BlackDiamondRealty.net<br />

David Lorenze, Principal<br />

Jeff Stenger, Senior Associate<br />

Kim Licciardi, Senior Associate<br />

Chris Waters, Associate<br />

Caleb Wooldridge, Associate<br />

Jeff Wise, Associate<br />

FOR SALE / LEASE /<br />

BUILD-TO-SUIT<br />

MORGANTOWN INDUSTRIAL PARK<br />

MORGANTOWN, WV 26501<br />

SALE PRICE / VARIES<br />

TOTAL NUMBER OF PARCELS / 10<br />

PARCEL SIZE / 1.8 - 28.3 ACRES<br />

TOTAL ACREAGE / 77.1 ACRES<br />

PROPERTY TYPE / LAND<br />

ZONING DESCRIPTION / NO ZONING<br />

PROPERTY DESCRIPTION / DIRECT RIVER<br />

AND RAIL ACCESS, EASY ACCESS TO<br />

MAJOR THOROUGHFARES<br />

The available parcels of land are located within the <strong>Morgantown</strong><br />

<strong>Industrial</strong> <strong>Park</strong>, one of the most highly visible Business/<strong>Industrial</strong><br />

developments in <strong>Morgantown</strong>. Currently available within Phase I of<br />

the <strong>Park</strong> are four available parcels of land ranging in size from 1.8 acres<br />

to 8 acres with the option to subdivide. Phase II offers five pads ranging<br />

in size from 3.6 acres to 28.3 acres. The park offers direct access to rail<br />

and water transportation within a few miles of both I-79 and I-68 and<br />

is accessible off River Road or WV Route 45 forming Dupont Road just<br />

south of the site at the entrance to the park.<br />

The <strong>Industrial</strong> <strong>Park</strong> is located outside the city limits of <strong>Morgantown</strong> on the opposite<br />

side of the Monongahela River from the downtown/central business district where<br />

there is no zoning. The entrance to the business park is 2.2 miles from I-79, Exit<br />

152, and 5.5 miles from the I-79/I-68 interchange. At the intersection of <strong>Industrial</strong><br />

<strong>Park</strong> Road and River Road (Main Entrance to the Business <strong>Park</strong>), there is a daily<br />

traffic count of 3,712 vehicles per day (WVDOH, 2014).<br />

02<br />

MORGANTOWN INDUSTRIAL PARK


FOR SALE / LEASE / BUILD-TO-SUIT<br />

PARCELS OF LAND - LOCATED 2.2 MILES FROM I-79, EXIT 152<br />

MORGANTOWN INDUSTRIAL PARK · MORGANTOWN, WV 26501 · 77.1 TOTAL ACRES<br />

INDUSTRIAL PARK SPECIFICATIONS<br />

EXISTING BUSINESSES<br />

Within the park there are currently a number of business<br />

operations primarily in the form of industrial, light industrial<br />

and warehouse/distribution. Businesses within the park<br />

include: Addivant, American Building Products, American<br />

Environmental, Azimuth Incorporated, Penske Trucking,<br />

Blackhawk Interiors, Central Supply, City Plumbing & Heating,<br />

Commercial Builders, Dynamic Industries, Easley Rentals,<br />

Excel Site Rentals, Fastenal, IBA Molecular, Javins Corporation,<br />

Matriculated Services, Inc., Northeast Energy, Noli Enterprises,<br />

Republic Services (Allied Waste), and<br />

Snoddy Industries.<br />

INGRESS / EGRESS<br />

The <strong>Morgantown</strong> <strong>Industrial</strong> <strong>Park</strong> currently offers one point<br />

of ingress and egress via a public road (<strong>Industrial</strong> <strong>Park</strong> Road).<br />

Access to all of the parcels can be achieved by traveling<br />

south on <strong>Industrial</strong> <strong>Park</strong> Road.<br />

ROAD, RAIL & RIVER ACCESS<br />

The <strong>Morgantown</strong> <strong>Industrial</strong> <strong>Park</strong> is strategically located<br />

between two major interstates – I-79 North/South Corridor<br />

and I-68 East/West Corridor. The accessibility extends to the<br />

<strong>Park</strong>’s prime location in <strong>Morgantown</strong>, WV, which is within 500<br />

miles of 50% of the entire population of the United States.<br />

The rail line in <strong>Morgantown</strong> is owned by Norfolk Southern<br />

with CSX trackage rights. As a leading transportation provider,<br />

Norfolk Southern operates nearly 20,000 route miles in 22<br />

states and D.C., serves every major container port in the East,<br />

and runs the most extensive intermodal network in the East.<br />

The Monongahela River is fully navigable from its mouth at<br />

the Ohio River in Pittsburgh, past <strong>Morgantown</strong> upstream to<br />

Fairmont. <strong>Morgantown</strong> Lock and Dam, located in the southern<br />

part of the city, helps to provide a continuous pool heading<br />

upstream towards the Hildebrand Lock and Dam, and the<br />

Opekiska Lock and Dam. Point Marion Lock and Dam, the<br />

next downstream dam, is responsible for most of the river’s<br />

pool in <strong>Morgantown</strong>.<br />

Barge Access.<br />

Rail Access.<br />

304.413. 4350<br />

03


LOCATION TREND ANALYSIS<br />

Monongalia County lies in north central West Virginia with<br />

<strong>Morgantown</strong> as the county seat and home of West Virginia<br />

University. The <strong>Morgantown</strong> MSA regularly ranks a variety of<br />

lists pointing to the area’s accomplishments in terms of growth,<br />

business development, workforce cultivation and more.<br />

<strong>Morgantown</strong>’s prominence in both of the recession-resistant<br />

sectors of higher education and health care employment is<br />

one reason for the stability in the area. The WVU Bureau of<br />

Business and Economic Research calls for “continued healthy<br />

growth” well into the future.<br />

Monongalia County has a total population of 103,960 and a<br />

median household income of $55,376. Total number of<br />

businesses is 3,881.<br />

The City of <strong>Morgantown</strong> has a total population of 31,050<br />

and a median household income of $37,549. Total number<br />

of businesses is 1,460.<br />

Monongalia County, WV <strong>Morgantown</strong> City Limits Subject Location<br />

Data/map provided by Esri, Esri and Bureau of Labor Statistics, Esri and Data Axle, 2021.<br />

SUBJECT PROPERTY PARCEL MAP<br />

Not Pictured<br />

Distance to nearby cities: Fairmont, WV - 21 miles,<br />

Clarksburg, WV - 42 miles, Washington, PA - 48 miles,<br />

Pittsburgh, PA - 62 miles, Charleston, WV - 158 miles.<br />

04<br />

MORGANTOWN INDUSTRIAL PARK


FOR SALE / LEASE / BUILD-TO-SUIT<br />

PARCELS OF LAND - LOCATED 2.2 MILES FROM I-79, EXIT 152<br />

MORGANTOWN INDUSTRIAL PARK · MORGANTOWN, WV 26501 · 77.1 TOTAL ACRES · 10 PARCELS<br />

AERIAL<br />

PHASE I<br />

Parcel 1 - 1.8 Acres<br />

Parcel 2 - 2 Acres<br />

Parcel 3 - 5.6 Acres<br />

Parcel 4 - SOLD<br />

Parcel 6 - SOLD<br />

Parcel 7 - 8 Acres<br />

The aerial above was taken facing north.<br />

Several of the surrounding businesses have<br />

been highlighted with blue numbers. Referenced<br />

with orange numbers, Parcels 1 through<br />

6 are located in various locations throughout<br />

<strong>Morgantown</strong> <strong>Industrial</strong> <strong>Park</strong>.<br />

At the intersection of <strong>Industrial</strong> <strong>Park</strong> Road<br />

and River Road, there is a daily traffic count of<br />

3,712 vehicles per day (WVDOH, 2014).<br />

Azimuth Inc.<br />

Commercial Builders<br />

Gerrick Electric<br />

Black Diamond Equipment Rentals<br />

Javins Corporation<br />

Addivant USA (North Plant)<br />

Leam Drilling Systems<br />

Pro Directional<br />

Mylan<br />

American Building Products<br />

Roto Rooter<br />

Noli Enterprises<br />

Fastenal<br />

Matriculated Services, Inc.<br />

Central Supply<br />

Addivant USA (South Plant)<br />

Republic Services, Inc.<br />

Excel Site Rentals<br />

WVU Laundry<br />

8 Acres - Dominion Energy<br />

22 Acres - Atlantic Coast Pipeline<br />

University Town Center<br />

Westover<br />

<strong>Morgantown</strong> Water Treatment Plant<br />

304.413. 4350<br />

05


MORGANTOWN,<br />

WEST VIRGINIA<br />

<strong>Morgantown</strong>, WV excelled during The Great Recession primarily due to its strong<br />

economic job base focused on recession-resistant employment opportunities in the<br />

education, healthcare, and government sectors. <strong>Morgantown</strong> has received national<br />

recognition for its high quality of life and economic stability. <strong>Morgantown</strong> has been<br />

featured nationally in various media outlets over the past decade for its strong economy.<br />

06<br />

MORGANTOWN INDUSTRIAL PARK


FOR SALE / LEASE / BUILD-TO-SUIT<br />

PARCELS OF LAND - LOCATED 2.2 MILES FROM I-79, EXIT 152<br />

MORGANTOWN INDUSTRIAL PARK · MORGANTOWN, WV 26501 · 77.1 TOTAL ACRES · 10 PARCELS<br />

STATISTICS AND GROWTH PROJECTIONS<br />

9.8%<br />

POPULATION INCREASE<br />

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

and 2019 (105,612) (Census.gov, 2019).<br />

47,192<br />

TOTAL PEOPLE EMPLOYED<br />

In 2019, Monongalia County employed 47,192 people via 2,340<br />

establishments (Census.gov, 2019).<br />

WVU R1<br />

INSTITUTION<br />

West Virginia University maintains its R1 ranking – very high research activity rank<br />

among the nation’s elite research institutions as reflected in the Carnegie Classification<br />

of Institutions of Higher Education.<br />

$55,940<br />

MEDIAN HOUSEHOLD INCOME<br />

In 2019, Monongalia County had a median household income of<br />

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

higher than West Virginia ($48,850) (Censusreporter.org, 2019).<br />

293.3<br />

PEOPLE PER SQ MILE<br />

In 2019, Monongalia County had 293.3 people per square mile which is 74.6%<br />

higher than West Virginia and 32.6% higher than Kanawah County (Charleston, WV)<br />

(Censusreporter.org, 2019).<br />

304.413. 4350<br />

07


PHASE I - PARCELS<br />

AVAILABLE PARCELS<br />

SOLD PARCELS<br />

INDUSTRIAL PARK ENTRANCE<br />

RIVER RD / DUPONT RD / INDUSTRIAL PARK RD<br />

UNDER CONTRACT PARCELS<br />

1<br />

1.8<br />

ACRES<br />

2<br />

ACRES<br />

2<br />

SOLD<br />

4<br />

6<br />

SOLD<br />

5.6<br />

ACRES<br />

3<br />

8<br />

ACRES<br />

7<br />

*Boundaries are approximate<br />

08<br />

MORGANTOWN INDUSTRIAL PARK


FOR SALE / LEASE / BUILD-TO-SUIT<br />

PARCELS OF LAND - LOCATED 2.2 MILES FROM I-79, EXIT 152<br />

MORGANTOWN INDUSTRIAL PARK · MORGANTOWN, WV 26501 · 77.1 TOTAL ACRES · 10 PARCELS<br />

AERIAL VIDEO<br />

VIEW THIS VIDEO AT: https://vimeo.com/229713894<br />

304.413. 4350<br />

09


PARCEL 1 [PHASE I]<br />

1.8 ACRES - $387,000 [$ 215,000 PER ACRE]<br />

Parcel 1 is located near the main entrance of the <strong>Industrial</strong><br />

<strong>Park</strong>. Highlighted in blue below, the site is positioned on the<br />

west side of the entrance road, at the intersection of <strong>Industrial</strong><br />

<strong>Park</strong> Road and River Road. The site is pad ready at 1.8 usable<br />

acres. The site does not currently offer any sidewalks or street<br />

lights. Water and sewer are available along the road in front<br />

of the parcel.<br />

1<br />

View of Parcel 1 Facing South.<br />

2<br />

4<br />

6<br />

*Boundaries are approximate<br />

View of Parcel 1 Facing North.<br />

10<br />

MORGANTOWN INDUSTRIAL PARK


FOR SALE / LEASE / BUILD-TO-SUIT<br />

PARCELS OF LAND - LOCATED 2.2 MILES FROM I-79, EXIT 152<br />

MORGANTOWN INDUSTRIAL PARK · MORGANTOWN, WV 26501 · 77.1 TOTAL ACRES · 10 PARCELS<br />

View of Parcel 1 Facing North.<br />

304.413. 4350<br />

11


PARCEL 2 [PHASE I]<br />

2 ACRES - $ 350,000 [$ 175,000 PER ACRE]<br />

Parcel 2 is located approximately 0.5 mile into the park on<br />

the west side of <strong>Industrial</strong> <strong>Park</strong> Road behind City Plumbing<br />

& Heating Co. The proposed pad ready site is highlighted in<br />

blue below. The land currently consists of one existing parcel<br />

(approximately 10 acres). The site will be developed into one<br />

commercial pad site with a minimum usable area of 2 acres.<br />

The site will not be developed until the land has sold. Once the<br />

deal has closed, the site will then be developed to be pad ready.<br />

Expected delivery for a pad ready site is 120 days from deal<br />

closing. The option to subdivide is possible.<br />

The site does not currently offer any sidewalks or street lights.<br />

Water and sewer are available along the road in front of the<br />

parcel. A title examination as to the legal character of the<br />

property is advised.<br />

1<br />

View of Parcel 2 Facing East.<br />

2<br />

4<br />

6<br />

GROUND PHOTOS TAKEN HERE<br />

*Boundaries are approximate<br />

View of Parcel 2 Facing South.<br />

12<br />

MORGANTOWN INDUSTRIAL PARK


FOR SALE / LEASE / BUILD-TO-SUIT<br />

PARCELS OF LAND - LOCATED 2.2 MILES FROM I-79, EXIT 152<br />

MORGANTOWN INDUSTRIAL PARK · MORGANTOWN, WV 26501 · 77.1 TOTAL ACRES · 10 PARCELS<br />

View of Parcel 2 Facing Southwest.<br />

304.413. 4350<br />

13


PARCEL 3 [PHASE I]<br />

5.6 ACRES - $840,000 [$150,000 PER ACRE]<br />

Parcel 3 is located near the southern end of the <strong>Industrial</strong> <strong>Park</strong>,<br />

approximately 1.2 miles from the main entrance. The site<br />

location is highlighted in blue below. Access to the site is<br />

currently achieved by entering a shared gravel drive. The drive<br />

is currently shared 1 with an existing business. The existing pad<br />

has a minimum usable area of 5.6 acres. The option to<br />

subdivide is possible.<br />

There is a currently a road maintenance agreement in place<br />

with this parcel paying monthly assessment based on the<br />

amount of road utilized in obtaining access to the individual<br />

property. The site does not currently offer any sidewalks or<br />

street lights. Water/sewer, electric and gas are available to<br />

the site and will be supplied by the city. All utilities will<br />

require extension to the site.<br />

2<br />

4<br />

6<br />

View of Parcel 3 Facing South (pre-pad).<br />

3<br />

GROUND PHOTOS TAKEN HERE<br />

*Boundaries are approximate<br />

View of Parcel 3 Facing Southwest (pre-pad).<br />

14<br />

MORGANTOWN INDUSTRIAL PARK<br />

7


FOR SALE / LEASE / BUILD-TO-SUIT<br />

PARCELS OF LAND - LOCATED 2.2 MILES FROM I-79, EXIT 152<br />

MORGANTOWN INDUSTRIAL PARK · MORGANTOWN, WV 26501 · 77.1 TOTAL ACRES · 10 PARCELS<br />

View of Parcel 3 Facing South.<br />

View of Parcel 3 Facing Northwest.<br />

View of Parcel 3 Facing North.<br />

304.413. 4350<br />

15


PARCEL 7 [PHASE I]<br />

8 (+/-) ACRES<br />

Parcel 7 is located near the southern end of the <strong>Industrial</strong><br />

<strong>Park</strong>, approximately 1.4 miles from the main entrance. The<br />

site location is highlighted in blue below. Access to the site<br />

is currently achieved by entering a gravel drive at the end of the<br />

main road. The pad was previously used as storage for pipeline<br />

equipment. The existing pad is flat and has a minimum usable<br />

area of 8 acres. The option to subdivide is possible.<br />

4<br />

6<br />

3<br />

View of Parcel 7 Facing Southeast.<br />

7<br />

*Boundaries are approximate<br />

View of Parcel 7 Facing South.<br />

18<br />

MORGANTOWN INDUSTRIAL PARK


FOR SALE / LEASE / BUILD-TO-SUIT<br />

PARCELS OF LAND - LOCATED 2.2 MILES FROM I-79, EXIT 152<br />

MORGANTOWN INDUSTRIAL PARK · MORGANTOWN, WV 26501 · 77.1 TOTAL ACRES · 10 PARCELS<br />

View of Parcel 7 Facing North.<br />

304.413. 4350<br />

19


PHASE II - PADS<br />

As the <strong>Morgantown</strong> <strong>Industrial</strong> <strong>Park</strong> expands into Phase II, there<br />

are expected to be six pads ranging in size from 3.6 acres to<br />

28.3 acres. The pads are expected to be ready in Summer<br />

2022. The pads will be elevated and visible from the interstate.<br />

Pad A - 8.1 Acres<br />

Pad B - 7.2 Acres<br />

Pad C - 11 Acres<br />

Pad D - 28.3 Acres<br />

Pad E - 3.6 Acres<br />

PHASE I<br />

20<br />

MORGANTOWN INDUSTRIAL PARK


FOR SALE / LEASE / BUILD-TO-SUIT<br />

PARCELS OF LAND - LOCATED 2.2 MILES FROM I-79, EXIT 152<br />

MORGANTOWN INDUSTRIAL PARK · MORGANTOWN, WV 26501 · 77.1 TOTAL ACRES · 10 PARCELS<br />

TRAFFIC RENDERINGS<br />

NORTHBOUND VIEW (INTERSTATE 79)<br />

SOUTHBOUND VIEW (INTERSTATE 79)<br />

304.413. 4350 21


AERIALS [PHASE 1] I]<br />

* Location of Parcels is approximate.<br />

PARCEL 1<br />

PARCEL 3<br />

Aerial Facing North.<br />

PARCEL 3<br />

PARCEL 1<br />

PARCEL 2<br />

PARCEL 5<br />

PARCEL 7<br />

Aerial Facing North.<br />

Aerial Facing North.<br />

22<br />

MORGANTOWN INDUSTRIAL PARK


FOR SALE / LEASE / BUILD-TO-SUIT<br />

PARCELS OF LAND - LOCATED 2.2 MILES FROM I-79, EXIT 152<br />

MORGANTOWN INDUSTRIAL PARK · MORGANTOWN, WV 26501 · 77.1 TOTAL ACRES · 10 PARCELS<br />

* Location of Parcels is approximate.<br />

PARCEL 3<br />

PARCEL 5<br />

PARCEL 2<br />

PARCEL 1<br />

Aerial Facing South.<br />

304.413. 4350 23


AERIALS [PHASE II]<br />

* Location of Parcels is approximate.<br />

PAD A<br />

PAD B<br />

PAD C<br />

PAD D<br />

PAD E<br />

Aerial facing northwest.<br />

PAD E<br />

PAD D<br />

PAD C<br />

PAD A<br />

PAD B<br />

Aerial facing south.<br />

24<br />

MORGANTOWN INDUSTRIAL PARK


FOR SALE / LEASE / BUILD-TO-SUIT<br />

PARCELS OF LAND - LOCATED 2.2 MILES FROM I-79, EXIT 152<br />

MORGANTOWN INDUSTRIAL PARK · MORGANTOWN, WV 26501 · 77.1 TOTAL ACRES · 10 PARCELS<br />

PAD E<br />

PAD D<br />

PAD C<br />

PAD A<br />

Aerial facing southwest.<br />

304.413. 4350 25


CONTACT<br />

BLACK DIAMOND REALTY LLC<br />

1399 Stewartstown Road, Suite 150<br />

<strong>Morgantown</strong>, WV 26505<br />

P. 304.413.4350 F. 304.599.3285<br />

BlackDiamondRealty.net<br />

Mark J. Nesselroad, Broker<br />

mjnesselroad@blackdiamondrealty.net<br />

David Lorenze, Principal<br />

dlorenze@blackdiamondrealty.net<br />

Jeff Stenger, Senior Associate<br />

jstenger@blackdiamondrealty.net<br />

Kim Licciardi, Senior Associate<br />

klicciardi@blackdiamondrealty.net<br />

Chris Waters, Associate<br />

cwaters@blackdiamondrealty.net<br />

Caleb Wooldridge, Associate<br />

cwooldridge@blackdiamondrealty.net<br />

Jeff Wise, Associate<br />

jwise@blackdiamondrealty.net<br />

Janelle Zeoli, Senior Designer/<strong>Marketing</strong> Coordinator<br />

jzeoli@blackdiamondrealty.net<br />

Andrea Cooper, Junior Designer/Office Manager<br />

acooper@blackdiamondrealty.net<br />

* All information is believed to be accurate but not guaranteed. More information is available upon request.

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