709 Beechurst Ave - Storefront Retail/Office FOR SALE


Morgantown, WV 26505
$1,900,000 USD
304-284-5030
709 Beechurst Ave, Morgantown, WV for Sale
$1,900,000 USD
Storefront Retail/Office - FOR SALE
1/22
null | Request Cap Rate

709 Beechurst Ave
Morgantown, WV 26505


HIGHLIGHTS

  • 120 parking spaces

OVERVIEW

Seneca Center is a unique property. The building was built in 1895 by a group of Morgantown entrepreneurs to entice Seneca Glass to move here from Seneca, Ohio. Seneca Glass Company operated in this facility until 1983, when it filed for protection under the federal bankruptcy code. The property was sold at auction and the buyers converted it to a retail shopping facility. The entire property was remediated for lead paint and asbestos. The structure is post and beam of 8 x 8 American Chestnut, and was placed on the National Register of Historic Places. Brick-lined walls and worn wooden floors greet visitors as they wind their way through the assortment of privately owned specialty shops and restaurants. Much of the character of the building has been richly retained, intermingling classic yet distinctive merchandise with warm hospitality. The center boasts authentic glass manufacturing tools and murals of the glass making process. The towering 100-foot glass furnace chimney still stands on the property. Located on one of Morgantown’s main thoroughfares leading to downtown, only a few hundred feet from the new WVU John Chambers College of B&E. The mix of tenants are high end shops all of which are strong financially. 120 parking spaces 2.13 acres between 6th and 8th Streets. 46,460 Square Foot building 25 separate suites, short leases, mix of retail tenants Upgraded utility entrances. 2 water meters 2 gas meters 11 electric meters, 3 phase Fire suppression system Electronic fire alarm Surveillance cameras 30,000 square feet of steel roofing Survey by Thrasher Engineering Phase I and Phase II Environmental Analysis by Steptoe Environmental (no restrictions) Certification on the National Register of Historic Places, Historic Preservation Tax Credits renew with change of ownership.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$41 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Seneca Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1895

SPRINKLERS

-

PARKING SPACES

120

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,783 SF

ZONING

Commercial

APN/PARCEL ID

12-15-01960000

ASK ABOUT THIS PROPERTY

Jerry SummersPetroplus & Associates, Inc.More Info
304-284-5030

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Jerry SummersPetroplus & Associates, Inc.More Info
304-284-5030

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.