CASHFLOW! ONLINE REAL ESTATE AUCTION!
COMMERCIAL INVESTMENT PROPERTY!
FULLY LEASED!
OWNER FINANCING OPTIONS AVAILABLE!
103 Brookstone Plaza | Morgantown, West Virginia 26508
1.8466± Acres | Multi-Tenant Retail/Office Property
Bidding is currently open. You may bid online now through November 5th, at 6:00 p.m. To submit your bid, please click the blue tab labeled “Bid Online Now” on the left side of this page.
For rent roll, profit and expense information, please contact Auctioneer Directly at info@mattguttaauctions.com or call 304-288-0531.
An outstanding opportunity to acquire Brookstone Plaza, a well-established multi-tenant commercial property strategically located along Green Bag Road in Morgantown, West Virginia.
Situated on approximately 1.8466 ± acres, the property features an approximately 20,000-square-foot, single-story commercial building configured for multiple retail and office tenants. With excellent visibility, substantial road frontage, abundant on-site parking, and convenient access to Interstate 68, Brookstone Plaza represents an attractive opportunity for investors seeking an established commercial asset in the Morgantown market.
PROPERTY HIGHLIGHTS
Brookstone Plaza offers approximately 20,000± square feet of gross leasable area and is situated on approximately 1.8466± acres. The property is currently configured as a multi-tenant retail and office center and has historically benefited from established tenants and tenant renewals.
The site includes approximately approximately 136 parking spaces, providing convenient access and ample parking for customers, employees, and tenants.
The property is located less than approximately 1.6 miles from Exit 4 of Interstate 68, providing convenient connectivity to Morgantown, Cheat Lake, Interstate 79, and the surrounding North Central West Virginia region.
Additional property features include:
Approximately 20,000± SF commercial building
Approximately 2.11± acres
Multi-tenant retail/office configuration
Approximately 136 parking spaces
Prominent roadside and pylon signage
Excellent visibility and accessibility
Convenient access to Interstate 68
Established Morgantown commercial location
Strong potential as an income-producing investment property
INVESTMENT OPPORTUNITY
Brookstone Plaza presents investors with the opportunity to acquire a substantial commercial property in one of North Central West Virginia's most active markets.
The property's combination of existing commercial improvements, multiple tenant spaces, significant parking capacity, strong road frontage, and interstate accessibility makes it well suited for continued operation as an income-producing retail and professional office center.
Morgantown serves as a major employment, educational, healthcare, and commercial center for the region and is home to West Virginia University and WVU Medicine. The property's Green Bag Road location provides convenient access to Morgantown's residential and commercial areas while remaining only minutes from Interstate 68.
Whether acquired by an experienced commercial investor, regional real estate operator, or owner seeking to expand an investment portfolio, Brookstone Plaza offers a compelling opportunity to acquire an established commercial asset through the competitive auction process.
PROPERTY INFORMATION
Property: Brookstone Plaza
Address: 103 Brookstone Plaza, Morgantown, WV 26508
Property Type: Retail / Professional Office / Commercial Investment
Building Size: Approximately 20,000± SF
Site: Approximately 1.8466± Acres
Stories: One
Parking: Approximately 136 Spaces
Green Bag Road Frontage: Approximately 312± Feet
Zoning: B-3 Neighborhood Business
Interstate Access: Less than approximately 1.6 miles from I-68 Exit 4
Tax Parcels: 08-10-00190009, 08-10-00190019 and 08-10-00190010
PROXIMITY TO NOTABLE MORGANTOWN LOCATIONS
Starting Point: 103 Brookstone Plaza, Morgantown, WV 26508
Brookstone Plaza is conveniently situated along Green Bag Road, providing excellent access to Interstate 68, West Virginia University, WVU Medicine, downtown Morgantown, major employment centers, and many of the area's most prominent shopping, healthcare, educational, and recreational destinations.
WVU Coliseum — Monongahela Blvd., Morgantown, WV 26505 — Approximately 11 min (5.0 mi) via Green Bag Rd. and US-119.
Core Arboretum — Monongahela Blvd., Morgantown, WV — Approximately 11 min (5.0 mi) via Green Bag Rd. and US-119.
Canady Creative Arts Center — 1436 Evansdale Dr., Morgantown, WV 26505 — Approximately 10 min (4.7 mi) via Green Bag Rd. and US-119.
WVU Art Museum — Fine Arts Dr., Morgantown, WV — Approximately 10 min (4.9 mi) via Green Bag Rd. and US-119.
WVU College of Engineering and Mineral Resources — Evansdale Dr., Morgantown, WV — Approximately 10 min (4.5 mi) via Green Bag Rd. and US-119.
J.W. Ruby Memorial Hospital — Medical Center Dr., Morgantown, WV 26505 — Approximately 10 min (5 mi) via Green Bag Rd. and US-119.
WVU Medicine Children's Hospital — Medical Center Dr., Morgantown, WV — Approximately 10 min (5 mi) via Green Bag Rd. and US-119.
WVU Eye Institute — Medical Center Dr., Morgantown, WV — Approximately 10 min (4.8 mi) via Green Bag Rd. and US-119.
WVU Rockefeller Neuroscience Institute — Medical Center Dr., Morgantown, WV — Approximately 10 min (5 mi) via Green Bag Rd. and US-119.
WVU Innovation Corporation — Chestnut Ridge Rd., Morgantown, WV — Approximately 10 min (5 mi) via Green Bag Rd. and US-119.
WVU Heart & Vascular Institute — Medical Center Dr., Morgantown, WV — Approximately 10 min (5 mi) via Green Bag Rd. and US-119.
CDC/NIOSH Division of Safety Research — Willowdale Rd., Morgantown, WV — Approximately 10 min (4.6 mi) via Green Bag Rd. and US-119.
WVU College of Law — Law School Dr., Morgantown, WV — Approximately 11 min (5.2 mi) via Green Bag Rd., US-119 and University Ave.
Downtown Morgantown Historic District — Chestnut St., Morgantown, WV — Approximately 8 min (3.7 mi) via Green Bag Rd. and US-119.
Milan Puskar Stadium / Mountaineer Field — Ira Errett Rodgers Dr., Morgantown, WV — Approximately 9 min (4.5 mi) via Green Bag Rd. and US-119.
Mon Health Medical Center — J.D. Anderson Dr., Morgantown, WV — Approximately 13 min (6.0 mi) via Green Bag Rd., US-119 and WV-705.
University Town Centre — University Town Centre Dr., Morgantown, WV — Approximately 15 min (8.0 mi) via I-68 W and I-79 N.
Suncrest Towne Centre — Suncrest Towne Centre Dr., Morgantown, WV — Approximately 12 min (6.1 mi) via Green Bag Rd., US-119 and WV-705.
Distances and driving times are approximate and may vary depending upon route, traffic conditions, construction, and the specific entrance or destination point utilized.
TAX PARCEL INFORMATION:
The property is located in Monongalia County, Morgan District as part of the following:
Tax Map No. 10
Parcels 19.9, 19.10 and 19.19
Property tours are available by appointment. For More Information, Call Matt Gutta Directly at 304-288-0531
Matt Gutta Auction and Realty Service, LLC
Matthew S. Gutta, Auctioneer and Real Estate Broker
W.Va. Auctioneer License No.: 2493
W.Va. Real Estate Broker License No.: WVB240301049
Please read all Terms and Conditions. A 6% Buyer's Premium will be added to the final bid amount and will be due by the winning bidder at the time of the Auction. Thus, the final bid amount, in addition to the Buyer’s Premium, will constitute the total purchase price of the property.
Welcome to the auction! The auction will be conducted by Matt Gutta Auction and Realty Service, LLC (“Auctioneer”) on behalf of the owner of the real estate (“Seller”). The real estate offered for sale at auction (“Real Estate”) is described in the tax map and parcel format within the property listing on Auctioneer's website.
Any person who registers or bids at this Auction (“Bidder”) agrees to be bound by these Terms and Conditions, the auction announcements, and, in the event that Bidder is the successful bidder, the Contract for Purchase and Sale. A bid placed by Bidder will be deemed conclusive proof that Bidder has read, understands, and agrees to be bound by these Terms and Conditions.
The Real Estate is offered at public auction in its present, as is, where is condition and is accepted by Bidder without any expressed or implied warranties or representations from Seller or Auctioneer. The Real Estate is not offered contingent upon inspections. If Bidder desires to conduct inspections, such inspections must be coordinated with Auctioneer and completed prior to closing, however the closing will not be contingent upon the results of such inspections. Unless otherwise stated, only the surface rights shall convey. This sale does not include coal, oil, gas or other minerals.
It is incumbent upon Bidder to exercise Bidder’s own due diligence, investigation, and evaluation of suitability of use for the Real Estate prior to bidding. Any information provided by Seller or Auctioneer has been obtained from a variety of sources deemed to be credible. Any photos used in the advertising materials may depict the property, but may not be representative of the current state or condition of the property. To the extent that tax map or parcel viewer images are used in the advertising materials, Bidder shall not rely on depicted property lines in such images as they are not deemed to be representative of actual property boundaries. Seller and Auctioneer have not made any independent investigation or verification of the information and make no representation as to its accuracy or completeness. In bidding on the Real Estate, Bidder is relying solely on Bidder’s own due diligence and investigation of the Real Estate and not on any information provided or to be provided by Seller or Auctioneer. Notwithstanding anything herein to the contrary, to the extent any warranties or representations may be found to exist, the warranties or representations are between Seller and Bidder. Auctioneer may not be held responsible for the correctness of any such representations or warranties or for the accuracy of the description of the Real Estate.
The Real Estate is not offered contingent upon financing or appraisal. If an appraisal is desired after the acceptance of the winning bid, such request may be made directly to Auctioneer.
Information pertaining to this auction may be updated from time to time on Auctioneer’s website. Bidder is solely responsible for monitoring Auctioneer’s website prior to the conclusion of bidding to obtain any such updates, or assumes the risk of not having done so. Auction announcements, postings or notifications shall take precedence over anything previously stated or printed, including these Terms and Conditions.
A 6% buyer’s premium ($3,000.00 minimum) will be added to the final bid amount. The final bid amount, together with the buyer’s premium, will constitute the total purchase price of the Real Estate.
If Bidder is the successful bidder, Bidder must immediately execute the Real Estate Sale and Purchase Contract (“Contract”). A nonrefundable earnest money deposit equal to 6% of the total purchase price shall be made by Buyer to Auctioneer in the form of cash, check, ACH or immediately available, certified funds by 4:00 p.m. (EST) on the business day following the auction. All checks shall be made payable to “Matt Gutta Auction Trust Account.” In the event that Bidder fails to pay the aforementioned earnest money deposit by the time set forth above, Seller may terminate the Contract and proceed forward with selling the Real Estate to another buyer in addition to exercising all other rights Seller may have under these Terms and Conditions. The balance of the purchase price will be due in immediately available, certified funds at closing on the specified closing date. The transaction for the sale/purchase of the Real Estate must close within 60 calendar days of the date of the auction, or as otherwise agreed to by Seller and Bidder.
Wire Transfer Notice: Buyer will never be instructed to initiate a wire transfer for any purpose related to this transaction without the mutual agreement between Buyer and Auctioneer. Buyer shall be vigilant for wire fraud scams and shall always verbally confirm wire instructions with either Auctioneer or closing attorney prior to initiating a wire transfer. Auctioneer’s trust account is held with United Bank in West Virginia and the name of the account is “Matt Gutta Auction Trust Account.” Thus, if Auctioneer and Buyer mutually consent to the initiation of a wire transfer, Auctioneer will never direct Buyer to initiate a wire transfer to any account other than the account specified above.
Bidder’s bid constitutes an irrevocable offer to purchase the Real Estate and Bidder will be bound by said offer. If the successful Bidder fails or refuses to execute the Contract for Purchase and Sale, Bidder acknowledges that, at the sole discretion of Seller, these Terms and Conditions together with the Contract for Purchase and Sale executed by the Seller are to be construed together for the purposes of satisfying the statute of frauds and will collectively constitute an enforceable agreement between Bidder and Seller for the sale and purchase of the Real Estate.
Auctioneer is acting solely as agent for Seller and not as an agent for Bidder. Auctioneer is not a party to any contract for purchase and sale between Seller and Bidder. In no event will Auctioneer be liable to Bidder for any damages, including incidental or consequential damages, arising out of or related to this auction, the Contract for Purchase and Sale, or Seller’s failure to execute or abide by the Contract for Purchase and Sale.
Neither Seller nor Auctioneer, including its employees and agents, will be liable for any damage or injury to any property or person at or upon the Real Estate. Any person entering on the Real Estate assumes any and all risks whatsoever for their safety and for any minors or guests accompanying them. Seller and Auctioneer expressly disclaim any “invitee” relationship and are not responsible for any defects or dangerous conditions on the Real Estate, whether obvious or hidden.
Auctioneer may, in its sole discretion, reject, disqualify, or refuse any bid believed to be fraudulent, illegitimate, not in good faith, or made in violation of these Terms and Conditions or applicable law. Bidder represents and warrants that they are bidding on their own behalf and not on behalf of or at the direction of Seller. Bidder warrants and represents that Bidder is at least 18 years of age and are fully authorized to bid.
Bidder uses the online bidding platform at Bidder’s sole risk. Auctioneer is not responsible for any errors or omissions relating to the submission or acceptance of online bids. Auctioneer makes no representations or warranties as to the online bidding platform’s uninterrupted function or availability and makes no representations or warranties as to the online bidding platform’s compatibility or functionality with Bidder’s hardware or software.
Broker/agent participation is invited. Broker/agents must fulfill the responsibilities and obligations set forth in the Broker Registration Form to qualify for a cooperation/referral fee. To register, the completed form must be received and registered with Auctioneer no later than 5 p.m. on the business day prior to the auction. In the event they have not fulfilled the requirements for participation, you may be responsible for the financial obligations with them. Brokers/agents are not eligible for a commission if they are the buyer.
The Real Estate is offered for sale to all persons without regard to race, color, religion, sex, handicap, familial status, or national origin.
