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Listed by KRISTEN SCHOENEBERGER • BERKSHIRE HATHAWAY HOMESERVICES TOUCHDOWN HOME PROS REALTY
$299,999
Est. payment /mo
2 Baths
3,900 SqFt
Price Dropped by $39K
78 Kingwood Morgantown, WV 26501
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,900 sqft
Price per Sqft $76
MLS Listing ID 10163174
Full Baths 2
Year Built 1940
Annual Tax Amount $2,072
Tax Year 2025
Property Sub-Type Mixed Use
Property Description
Prime Downtown Mixed-Use Investment Opportunity!! Exceptional opportunity to own an income-producing, mixed-use property in a highly desirable downtown neighborhood. The street-level space features a well-established 3-chair hair salon with excellent visibility and strong upside, offering potential rental income of approximately $2,500 per month. The space also has potential to be converted into a business of your choice. Above the commercial space are two beautifully renovated apartments, both currently leased at $1,400 per month, providing immediate and consistent cash flow. The residential units have been thoughtfully updated and remain highly desirable in this sought-after downtown location, close proximity to everything downtown has to offer. Adding to the value are seven off-street parking spaces, a rare downtown amenity, which can be individually leased for an estimated $50-$100 per space per month, creating an additional income stream. With multiple revenue sources, a proven rental history, and a prime location near dining, shopping, and entertainment, this turnkey mixed-use property presents an excellent opportunity for investors or owner-occupants seeking strong returns with future upside!
Location
State WV
County Monongalia
Area Monongalia/Morgantown
Zoning General Commercial
Interior
Interior Features Electric Dryer Connection, Electric Stove Connection, Washer Connection
Heating Gas
Cooling Central Air
Flooring Laminate, Vinyl, Wall-to-Wall Carpet
Appliance Dryer, Range, Refrigerator, Washer
Exterior
Exterior Feature Door Signage, Outside Storage Area
Roof Type Shingles,Slate
Building
Lot Description Corner
Story 3
Foundation Block
Sewer City Sewer, City Water
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