Route 26

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Address: Route 26, Kingwood, West Virginia, US
Created date: March 24, 2024
Date last updated: April 30, 2024
  • 19.13 acres zoned commercial and residential, the largest and mostly leveled parcel in the picturesque city of Kingwood, West Virginia, a part of the Morgantown metropolitan area
  • Located 25 miles SE of Morgantown, near major roads and highways WV-7, WV-26 and I-68
  • Approximately 1,180 feet of frontage on Rt 26
  • Across the street from the Preston Memorial Hospital, High/Middle Schools, Tractor Supply, ACE Hardware, Burger King, Hardees, Walgreens and near Camp Dawson
  • All utilities are on site: electricity, gas, water and sewer
  • Perfect for medical uses due to the proximity to the hospital
  • Seller financing is available: 6% interest, 25% down payment,10 year-term with 10-year amortization.
  • Ground lease is also available at 10-year term or longer
  • Near tourist attractions (Deep Creek Lake, The Wisp resort, Alpine Lake and Preston Country Club)
  • Low real estate taxes, 16% lower cost of living than the national average, friendly local government attracting new developments like Nuco Corporation and LG electronics which will boost local economy and create new jobs

Property Description

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.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Land/Development
Price: $1,050,000
Lot Size: 19.13 Sq ft
Opportunity Zone: No
Property Website Click Here
Address: Route 26, Kingwood, WV 26537, USA
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