1370 University Avenue, Morgantown, WV 26505

Auction: Downtown Morgantown Landmark Opportunity | 10,720 SF Mixed-Use Building with Parking, Restaurant Space & Redevelopment Potential

• Prime Downtown Location – Positioned on University Avenue in the heart of Morgantown, just steps from West Virginia University, the PRT system, High Street, and downtown amenities.
• Flexible Mixed-Use Layout – Approximately 9,011 SF of retail/office space plus a 1,536 SF former restaurant space with commercial kitchen infrastructure already in place.
• Rare Downtown Parking – Features approximately 24 off-street parking spaces with access from both University Avenue and Chestnut Street, a significant advantage in the downtown market.
• Opportunity Zone & HUBZone Benefits – Located within federally designated Opportunity Zone and HUBZone boundaries, creating potential tax advantages and business incentives for qualified users and investors.

Located in one of Morgantown's most active commercial corridors, 1370 University Avenue offers a unique combination of size, visibility, accessibility, and flexibility. The property consists of approximately 10,720 square feet divided between a 9,011-square-foot retail/office component and a 1,536-square-foot former restaurant space fronting University Avenue. The building benefits from entrances on both University Avenue and Chestnut Street, creating excellent accessibility for customers, employees, and tenants.

The retail/office portion spans two levels and includes expansive open retail areas, multiple offices, storage areas, elevator access, and dedicated customer entrances. The restaurant component offers an established layout with a commercial kitchen, food preparation area, waiting area, service counter, cooler/freezer space, and dedicated parking access.

One of the property's most compelling features is its approximately 24 off-street parking spaces, an amenity rarely found within the downtown Morgantown market. The site is surrounded by major demand drivers including West Virginia University's Downtown Campus, student housing, government offices, healthcare facilities, restaurants, retail destinations, and public transportation hubs.

Additionally, the property is located within both an Opportunity Zone and HUBZone, creating potential economic development incentives and long-term investment advantages. Whether utilized as a headquarters location, educational facility, entertainment venue, retail destination, restaurant operation, mixed-use redevelopment, or investment property, 1370 University Avenue offers exceptional flexibility within one of West Virginia's most dynamic markets.

Parcel ID#: 11-26A-82, 11-26A-81

2025 Tax Assessment: $779,200

2025 Annual Taxes: $13,600

List price is suggested opening bid.

Please see property PS2007 on our website at https://www.tranzon.com/ps2007 for more information.

It is disclosed that the Seller is a licensed real estate broker in the state of West Virginia and is acting as a principal in this transaction.

Tranzon Property Solutions, Auction Lic. WV 2353 | 673 Fairmont Road, Westover WV 26501