Golden Group Real Estate is proud to present 19.13 acres of prime real estate in Kingwood, West Virginia. Mostly leveled parcel, zoned B-1 (Neighborhood Highway Commercial) and R-3 (Apartment Residential) is the largest in the city of Kingwood, which is a part of the Morgantown metropolitan area. It is situated near the Cheat River on highways WV-7 and WV-26, just 25 miles southeast of Morgantown. The site has about 1,180 feet of frontage on Rt. 26. It is in close proximity to the Preston Memorial Hospital, schools, Camp Dawson, Preston County Buckwheat Festival, many retailers, restaurants, and shops (Walmart, Shop & Save, Tractor Supply, Burger King, Hardees, Walgreens and others). The site benefits from low real estate taxes, 16% lower
cost of living than the national average and friendly local government. Deep Creek Lake and The Wisp resort in Maryland (about 33-35 miles from the site) is a popular tourist destination, as well as Alpine Lake (11-12 miles) and Preston Country Club (2 Miles) which have golf courses and some home development. A new development project - LG electronics - is coming to Morgantown and Huntington investing $700M and bringing 275 high-skilled jobs. Furthermore, with all utilities readily available on site and favorable seller financing and ground lease options, the possibilities are endless. The property is suitable for variety of uses: retail, office, restaurants, banks, hotels, multifamily. Due to the proximity to the hospital, the site is especially suitable for medical uses such as assisted living or nursing home.
