494 Spruce St, Morgantown, WV 26505 For Sale

494 Spruce Street – Morgantown, WV
Positioned in the vibrant core of Morgantown, this exceptional 12,799± square foot commercial building offers a rare opportunity to acquire a large footprint property with dedicated parking—just steps from West Virginia University’s main campus.

Property Highlights

• Asking Price: $2,500,000

• Building Size: 12,799± SF

• Lot Size: 0.64± Acres

• Parking: 56 On-Site Spaces (Extremely Rare for Downtown)

• Zoning: Ideal for Retail, Bar/Restaurant, Convenience Store, Professional Office, or Mixed-Use

• Occupancy: Vacant – Immediate Availability

The Opportunity

Formerly home to VFW Post #548, this solid, well-constructed building offers tremendous flexibility for repositioning or redevelopment. The expansive interior layout allows for creative reconfiguration, while an existing elevator shaft—originally installed for future use—adds additional value for multi-level or ADA-compliant redevelopment.

With nearly 13,000 square feet, the property is well-suited for:

• High-visibility retail or flagship storefront

• Restaurant, brewery, or entertainment venue

• Student-focused retail or mixed-use concept

• Professional or medical office conversion

• Event space or institutional use

Unmatched Location & Exposure

Spruce Street sits within Morgantown’s bustling downtown business district, surrounded by restaurants, retail, student housing, and professional offices. Being less than 100 feet from WVU’s main campus places this property at the center of a dynamic market driven by:

• 25,000+ university students

• Major employers including WVU Medicine and related healthcare facilities

• Year-round university, athletic, and cultural events

• Consistent pedestrian and vehicle traffic

Downtown Morgantown is known for its walkability, strong retail demand, and limited availability of large-parcel properties—especially those with substantial on-site parking. With 56 dedicated spaces, 494 Spruce Street offers a competitive advantage that few downtown properties can match.

Investment Potential

Large-scale commercial buildings with land and parking in downtown Morgantown are exceptionally rare. Whether repositioned as a signature retail destination, adaptive reuse project, or long-term investment hold, 494 Spruce Street presents a high-visibility, high-traffic opportunity in one of West Virginia’s strongest university-driven markets.

Schedule your private tour and explore the potential of this one-of-a-kind downtown asset.