Current Inventory

Prime Waterfront Leasehold Interest for Sale

40 Donley Street, Morgantown, WV, 26501
  • Agent(s):
    Kyle Hartung , Jeff Sabo
  • Name:
    Prime Waterfront Leasehold Interest for Sale
  • Address:
    40 Donley Street, Morgantown, WV, 26501
  • Total SF:
    3,807
  • Option:
    For sale
  • Category:
    Investment Sales

ยป Full Offering Memorandum

Details

For sale to qualified investors is a long-term leasehold interest in a focal piece of the Wharf District in Morgantown, West Virginia. Included in the leasehold is a 3,804 square foot prominent restaurant building with full bar and riverfront patio seating, currently leased to Table 9 Restaurant, along with 6 boat slips (with electric) on the Monongahela River. Table 9 has been in place since 2013 and has three years left on their lease, at which point the investor can convert the building to market rent, which approaches two times its current rental rate. Additionally, 6 boat slips with Rail Trail access are part of the leasehold and may be rented or kept for personal use. The property is situated along the Monongahela River in Downtown Morgantown and is within walking distance to the main campus of West Virginia University, withover 28,000 students. The property benefits from its location along heavily trafficked Don Knotts Boulevard which provides employees and customers easy access to downtown, WVU, and Interstates 68 and 79 just a few minutes south. Morgantown is the educational and research hub of West Virginia; some of the major employers include West Virginia University, Mylan Pharmaceuticals, WVU Medicine, Morgantown Energy Technology Center, Teletech, Greer Industries, and many more.

Location

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