Log In/Sign Up
Your email has been sent.
160 Fayette St 21 Unit Apartment Building $1,700,000 ($80,952/Unit) Morgantown, WV 26505
Investment Highlights
- Mixed-Use Investment
- Downtown Morgantown
Executive Summary
Located in the heart of downtown Morgantown, 160 Fayette Street is a 23,497 (+/-) square foot multi-story mixed-use property positioned between Chestnut Street and High Street. The building has undergone a number of renovations and offers exceptional potential for apartments, short-term rentals, or an Airbnb-style hospitality concept in one of the city’s most walkable and active districts. With a blend of residential space and retail or office opportunities, the property provides flexibility for multiple income streams and future redevelopment possibilities. Surrounded by downtown dining, entertainment, and shopping, 160 Fayette Street is ideally positioned to meet the growing demand for urban living and unique stay experiences.
This strategic location is within close proximity to two transportation options (0.5 block to City of Morgantown’s University Avenue Parking Garage, 1 block to WVU’s Chestnut Street PRT Station) plus a key occupancy demand driver (West Virginia University’s Downtown Campus).
This strategic location is within close proximity to two transportation options (0.5 block to City of Morgantown’s University Avenue Parking Garage, 1 block to WVU’s Chestnut Street PRT Station) plus a key occupancy demand driver (West Virginia University’s Downtown Campus).
Property Facts
| Price | $1,700,000 | Building Class | C |
| Price Per Unit | $80,952 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 15,456 SF |
| No. Units | 21 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1922 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | B-4 Commercial | ||
| Price | $1,700,000 |
| Price Per Unit | $80,952 |
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 15,456 SF |
| No. Stories | 4 |
| Year Built | 1922 |
| Opportunity Zone |
Yes |
| Zoning | B-4 Commercial |
Amenities
Unit Amenities
- Fireplace
- Heating
- Eat-in Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Basement
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 14 | - | 478 |
| 1+1 | 5 | - | 692 |
| 2+1 | 2 | - | 925 |
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 11-26A-00930000 | Improvements Assessment | $443,340 |
| Land Assessment | $85,740 | Total Assessment | $529,080 |
Property Taxes
Parcel Number
11-26A-00930000
Land Assessment
$85,740
Improvements Assessment
$443,340
Total Assessment
$529,080
Contacts
-
Kim Licciardi, CCIM, SIOR -
Katie Gyorko -
Mark Nesselroad, Esq, MBA -
Black Diamond Realty
1 of 32
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
