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Office / Retail / Restaurant 10,720 SF 1370 University Ave
1,536 - 10,547 SF of Space Available in Morgantown, WV 26505
Highlights
- HIGHLY VISIBLE
- ADAPTABLE LAYOUT
- CLOSE TO MANY AMENITIES
- WALKING DISTANCE TO WVU’S MAIN CAMPUS AND HIGH STREET
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
Space | Size | Term | Rental Rate | Rent Type | ||
1st Floor | 1,536 SF | 3-5 Years | $13.00 USD/SF/YR $1.08 USD/SF/MO $139.93 USD/m²/YR $11.66 USD/m²/MO $1,664 USD/MO $19,968 USD/YR | Triple Net (NNN) | ||
2nd Floor | 9,011 SF | 3-5 Years | $13.00 USD/SF/YR $1.08 USD/SF/MO $139.93 USD/m²/YR $11.66 USD/m²/MO $9,762 USD/MO $117,143 USD/YR | Triple Net (NNN) |
1st Floor
1536SF for lease
- Lease rate does not include utilities, property expenses or building services
- Central Air Conditioning
- 1536SF for lease
2nd Floor
9,011 SF for lease
- Lease rate does not include utilities, property expenses or building services
- Central Air Conditioning
- 9,011 SF for lease
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 1370 University Ave , Morgantown, WV 26505
Property Type | Retail | Year Built | 1947 |
Property Subtype | Storefront Retail/Office | Parking Ratio | 2.66/1,000 SF |
Gross Leasable Area | 10,547 SF |
Property Type | Retail |
Property Subtype | Storefront Retail/Office |
Gross Leasable Area | 10,547 SF |
Year Built | 1947 |
Parking Ratio | 2.66/1,000 SF |
About the Property
Situated in the heart of downtown Morgantown, 1370 University Avenue offers an exceptional opportunity with this versatile commercial building. This property features 1,536 (+/-) square feet of restaurant space along University Avenue and 9,011 (+/-) square feet of retail/office space with access from both University Avenue and Chestnut Street. This property uniquely offers 24 (+/-) off-street parking spaces via two paved lots. The asset presents a prime investment opportunity with its strategic downtown location and flexible space options, ready to accommodate your businesses needs. This location is highly visible and convenient, within walking distance of West Virginia University’s main campus, Walnut Street PRT, and numerous amenities. The property is positioned roughly 2.5 miles from I-79, Exit 152, 3.5 miles from I-68, Exit 1, and 5 miles from I-68, Exit 7.
- Signage
- Storage Space
- Recessed Lighting
- Air Conditioning
Nearby Major Retailers
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Office / Retail / Restaurant 10,720 SF | 1370 University Ave
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