20 Scott Avenue
- Full service hotel with restaurant and liquor license
- Existing Building is +/- 92,500 SF on 9.93 Acres
- Four (4) Stories
- Possible Uses: Hospitality, Multi-Family, Assisted Living, Medical Conversion
- 4 miles to West Virginia University Main Campus
- Immediate Access to I-68
- Incredible 360 Degree Views
- Located at the Intersection of I-79 and I-68
- Bankruptcy Sale Process Underway
The Hotel has been a staple of the Morgantown lodging community since first being built in 1974. Located in the heart of burgeoning North Central West Virginia, the property currently consists of a single tract, totaling 9.9 acres, but could be subdivided to create additional development opportunities. The Hotel sits on a knoll above Morgantown with vistas north up the Monongahela River and south-west down the I-79 technology corridor. Morgantown is the home of West Virginia University with over 30,000 students and a growing enrollment.
Morgantown is a hotbed of growth, with one of the lowest unemployment rates in the nation for the past 5 years. It is the fastest growing city in West Virginia, and if it were located in Pennsylvania just a few miles to the north, it would be the fastest growing city in Pennsylvania. Morgantown’s growth is expected to continue and likely accelerate. This site is located just outside the Morgan¬town city limits and is free of development entitlements, while still benefiting from public infrastructure: water, electric, gas, sewage, and public transportation. Nearby outdoor attractions include Cheat Lake and River, Lakeview Golf Resort & Spa, Ohiopyle State Park and Coopers Rock State Forest.
This is an excellent opportunity to acquire a structurally sound hotel strategically located on major through-ways within a vibrant economic region of the state. The property is also prime for mixed-use development including apartments, condominiums, senior living, or medicine. Minimal improvements can make this an income producing property again.