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Tag Archive: Pennsylvania

  1. Price Reductions as of Oct. 2024

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    Office/Retail

    315 High Street, Morgantown, WV | Take advantage of this property for sale in the heart of downtown Morgantown, now at a reduced price! This 9,240 (+/-) sq ft office building is comprised of two floors, multiple private offices, plenty of storage space, boasts high foot traffic and off-street parking.
    View the detailed marketing flyer for 315 High Street.

    347 W. Main Street, Clarksburg, WV | Three-story office building in the heart of downtown Clarksburg, now at a reduced price! Available for sale or lease, this 29,090 (+/-) square foot building offers a prime location with excellent visibility in the heart of Clarksburg’s downtown district. The building features impressive office amenities including an overhead door, loading bay, freight elevator and direct roof access (currently utilized as an outdoor eating area). Previously used as a Biometric Data Center, 347 W. Main Street would be perfect for another data center or any business that needs storage space, cubicles and private offices, a loading bay and freight elevator. Retail conversion can also be explored. Don’t miss out on this great opportunity!
    View the detailed marketing flyer for 347 W. Main Street.

    250 Scott Avenue, Morgantown, WV | We’re now offering a reduced lease rate on this newly renovated, conveniently located office suite! 250 Scott Avenue in Morgantown is located just 0.6 mile away from I-68, Exit 1, and 1.5 miles from the I-68/I-79 interchange. With 1,000 (+/-) square feet of space, 250 Scott Avenue is perfect for a small business.
    View the detailed marketing flyer for 250 Scott Avenue.

    1409 Greenbag Road, Morgantown, WV | 776 (+/-) square feet of retail/office space, just miles from downtown Morgantown, is now available at a reduced price. 1409 Greenbag Road offers an open reception area, break room, one small office/storage room and a private restroom. This conveniently located, versatile space could be just what your business is looking for!
    View the detailed marketing flyer for 1409 Greenbag Road.

    312 10th Street, Fairmont, WV | Recently reduced price on a property with plenty of potential: Located in the heart of Fairmont, WV, this location is a STEAL for anyone looking to capitalize on the growing Marion County economy. Whether you’re looking to start your own business, or just start fresh in a new location, this is the perfect opportunity to LAUNCH your next season of GROWTH.
    View the detailed marketing flyer for 312 10th Street.

    1639 Sabraton, Morgantown, WV | 1639 Sabraton Avenue is located in the heart of Sabraton, right off of Earl Core Road. The single-level office/retail building is comprised of 2,250 (+/-) square feet with a flexible floor plan that allows the space to be utilized for a single use or divided into multiple suites.  The property is ideally located close to major traffic routes, amenities and offers off-street parking.
    View the detailed marketing flyer for 1639 Sabraton Avenue.

     

    Investment

    440, 442 Williamsport Pike, Martinsburg, WV | A turn-key car wash located in a high-traffic area of rapidly growing Martinsburg, WV. Excellent visibility at the intersection of Routes 9 and 11 and prominent signage make this 7,667 (+/-) square foot offering a perfect generational investment or prime redevelopment opportunity for the right buyer.
    View the detailed marketing flyer f0r 440, 442 Williamsport Pike. 

    Merchant Street Portfolio, Fairmont, WV | Now at a reduced price: 303, 305, 307 Merchant Street is a portfolio of assets along the Fairmont Gateway Connector. This property of 10,000 (+/-) square feet available to lease or own offers excellent visibility and a large parking lot. The historic building would make a great home for a growing business or an addition to an investment portfolio.
    View the detailed marketing flyer for Merchant Street.

    18 Cleveland Avenue, Morgantown, WV | A mixed-use/multifamily investment property of 5 units in Westover. The property is conveniently located within walking distance to WVU’s main campus and close to many Morgantown amenities. All 5 units are leased, including a warehouse/industrial/office space of 3,408 (+/-) square feet currently leased by the landlord. 18 Cleveland Avenue would make a great addition to an investment portfolio or could be used as space for a business (with added passive income from the renting the upstairs apartment!)
    View the detailed marketing flyer for 18 Cleveland Avenue.

    511 Grant Avenue,  Morgantown, WV | Looking for your next investment property? Look no further than 511 Grant Ave, Morgantown, WV. This property is perfect for any investor looking to capitalize on the thriving university housing market in Morgantown. Located just steps away from West Virginia University’s downtown campus, this location is in high demand among university students and young professionals alike.
    View the detailed marketing flyer for 511 Grant Avenue.

     

    Industrial

    164 Eyster Road, Halltown, WV | A historic Jefferson County paper mill could be yours, now at a reduced price! 164 Eyster Road in Halltown includes a 201,380 (+/-) gross square foot industrial manufacturing facility on 46.57 (+/-) acres. Halltown is located in West Virginia’s growing Eastern Panhandle, close to major markets like Washington, D. C. and Baltimore via Interstate 81. The Halltown Paper Mill has been in continuous operation since 1869 and has operated as a vertically integrated supplier and manufacturer of recycled paper products.
    View the detailed marketing flyer for 164 Eyster Road.

    3720 Earl L. Core Road,  Morgantown, WV | 3720 Earl L. Core Road is a versatile industrial building in an enviable location. The 2,100 (+/-) square foot metal building sits on a 0.72 acre corner lot approximately 5.2 miles from Downtown Morgantown and 2.5 miles off of I-68 (Exit 4). Much of 3720 Earl L. Core Road is made up of open industrial space with wooden shelving and features two overhead doors and a chain link gate entrance. The location, amenities and versatility of 3720 Earl L. Core Road make it perfect for a wide range of industrial uses, check it out today!
    View the detailed marketing flyer for 3720 Earl L. Core Road.

     

    Land

    370, 382 Kerns Street, Inwood, WV | 9.65 (+/-) acres of undeveloped, flat land in Inwood, WV is now available at the adjusted price of $315,000! 370, 382 Kerns Street offers exceptional visibility along I-81 in a growing area of Berkeley County. Inwood is conveniently located near Virginia and Maryland borders, in proximity to a number of nearby residential communities and a short drive to major cities like Philadelphia and Baltimore. 370, 382 Kerns is a can’t miss opportunity for commercial users looking to develop land.
    View the detailed marketing flyer for 370 Kerns Street.

     

     

     

     

     

     

     

     

     

     

     

  2. Did you know…A higher cap rate can indicate a potentially higher return on investment?

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    Did you know a higher cap rate can indicate a potentially higher return on investment?

    In commercial real estate, cap rate, short for capitalization rate, is used to estimate the potential return an investor will make on a property. The formula for calculating cap rate is:

    NOI (Net Operating Income)/Asset Value

    A higher cap rate implies a higher return on investment on a property in comparison to a similar investment – but a higher cap rate also carries more risk (DiLallo, 2024).

    A property with a lower cap rate can mean lower potential returns but is also more stable and less risky. If an investor has a higher tolerance for risk and seeks the highest possible profits, they will want to target a high cap rate (Rafter, 2024).

    A few things to remember about cap rates:

    What is considered a “good” cap rate is subjective and dependent of a variety of factors – but, in general, there is agreement that a cap rate of 5-10% is healthy (Cap Rate 101: Definition, Calculation & Good Cap Rate Factors, 2022).

    According to the Commercial Market Insights Report by the National Association of Realtors, as of January 2023, the following were the national average cap rates by property sector: Multifamily: 4.9%, Office: 6.9%, Industrial: 6.2%, and Retail: 6.7% (DiLallo, 2024).

    Cap rate is most useful for determining if one real estate investment is worthwhile compared to other investments and for decision-making is best used in conjunction with other tools.


    Featured Properties: 

    705 Greenbag Road is a fully leased, two-story office building comprised of 3,020 (+/-) square feet. Currently occupied by Apex Physical Therapy, the property comes with a 15-year seller sale leaseback, ensuring long-term stability. The property is located outside the city limits of Morgantown roughly 2.9 miles from I-68, Exit 4 and 2.8 miles to downtown Morgantown and West Virginia University’s main campus. Cap Rate: 7.79%. View the detailed marketing flyer for 705 Greenbag Road. 

    900 Fairmont Road is a fully leased, two-story office building comprised of 10,200 (+/-) square feet. The building is currently occupied by Wise Path Recovery Centers (managed by Ascension Acquisition LLC). The property is located inside the city limits of Morgantown and Westover, situated 2 miles of West Virginia University’s Downtown Campus, shopping and more. Cap Rate: 6.79%. View the detailed marketing flyer f0r 440, 442 Williamsport Pike.

    440, 442 Williamsport Pike is a turn-key car wash located in a high-traffic area of rapidly growing Martinsburg, WV. Excellent visibility at the intersection of Routes 9 and 11 and prominent signage make this 7,667 (+/-) square foot offering a perfect generational investment or prime redevelopment opportunity for the right buyer. As-Is Cap Rate: 9.61%.  View the detailed marketing flyer f0r 440, 442 Williamsport Pike.

    1023 Pittsburgh Street in Uniontown, PA includes two single-story office buildings on 3.76 acres. The buildings are comprised of 30,000 (+/-) square feet, 12,000 (+/-) square feet in Building 1 and 18,000 (+/-) square feet in Building 2. Features of this investment property include two off-street parking lots and a 24-hour emergency call system with central monitoring. Cap Rate: 9.31%. View the detailed marketing flyer for 1023 Pittsburgh Street.

    32 Baird Street is an impressive 13-unit student housing asset at the doorstep to West Virginia University’s Downtown Campus. This turn-key, recently upgraded asset offers attractive in-unit amenities including a washer-dryer, patio/deck area, oversized closets, keyless entry doors and granite countertops. Cap Rate: 7.4%. View the detailed marketing flyer for 32 Baird Street.

     

     

    References
    Cap Rate 101: Definition, Calculation & Good cap Rate Factors. (2022, June 9). Commercial 1 Brokers. https://commercialonebrokers.com/what-is-capitalization-rate-1/.
    DiLallo, M. (2024, April 5). Capitalization rate: Everything you need to know. The Motley Fool. https://www.fool.com/investing/stock-market/market-sectors/real-estate-investing/basics/capitalization-rate.
    Rafter, D. (2024, July 2). Cap rate: What is it and how is it calculated? Quicken Loans. https://www.quickenloans.com/learn/capitalization-rate

     

     

     

     

     

     

     

     

     

  3. Did you Know…Location is key in CRE

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    A property in a good location can attract high-quality tenants and lead to high occupancy rates. One factor to be considered, by property owners and tenants alike, are locations with growth indicators like positive demographic trends or burgeoning cottage industries. Many of Black Diamond Realty’s offerings are located in parts of West Virginia and Pennsylvania that enjoy robust local economies and feature high daily traffic counts. Whether it’s easy interstate access, high visibility or close proximity to major amenities, here are just a few BRD offerings where location is a standout feature:

    440, 442 Williamsport Pike is a turn-key car wash located in a high-traffic area of rapidly growing Martinsburg, WV. Excellent visibility at the intersection of Routes 9 and 11 and prominent signage make this 7,667 (+/-) square foot offering a perfect generational investment or prime redevelopment opportunity for the right buyer. View the detailed marketing flyer at for 440, 442 Williamsport Pike. 

    192 Pool Drive is a versatile 10.5 acres of land in Mount Clare, WV available for sale as-is or as a build-to-suit opportunity. Located immediately along I-79 just off Exit 115 in Mount Clare, the property offers interstate visibility and easy access to major thoroughfares. 192 Pool Drive is a perfect option for an industrial retailer looking for a high-traffic, highly visible, accessible location. View the detailed marketing flyer for 192 Pool Drive. 

    Parcel 12, White Oaks is comprised of 1.57 acres of flat land, ready to be developed, within White Oaks Business Park in Bridgeport, WV. White Oaks Business Park is a modern, campus-style business park on 470 acres and home to an array of professional business services, health services, hospitality, restaurant and retail establishments. The property also boasts high interstate visibility, averaging 57,200 vehicles per day along I-79. View the detailed marketing flyer for Parcel 12 at White Oaks.

    370, 382 Kerns Street is a 9.65 (+/-) acre land offering in Inwood, WV with exceptional visibility along I-81. The undeveloped, flat land is easily accessible and close to major traffic routes and its eastern panhandle location puts it within a short drive of major cities like Philadelphia and Washington D. C. 370, 382 Kerns Street’s central and convenient location makes it an ideal commercial development opportunity. View the detailed marketing flyer for 370, 382 Kerns Street. 

    1.18 – 3.03 Acres is a commercial land offering on the south side of I-70 in Triadelphia, WV. The flat land is ready for development and offers easy interstate access and excellent visibility. The property benefits from its location in a bustling commercial area of Ohio County that includes a nearby Sheetz, a sports complex, an open-air shopping complex and many big box retailers. Featuring approximately 500 feet of road frontage and available for sale, lease or as a build-to-suit opportunity, 1.18 – 3.03 Acres is a perfect home for a retail, restaurant or office building. View the detailed marketing flyer for 1.18-3.03 Acres in Triadelphia.

    We are the experts in commercial real estate, to speak to a specialized Associate, call 304.413.4350. Click HERE to visit us online.

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    <p><a href=”https://vimeo.com/989071628″>Did You Know – Location is Key</a> from <a href=”https://vimeo.com/blackdiamondrealtyllc”>Black Diamond Realty</a> on <a href=”https://vimeo.com”>Vimeo</a>.</p>

  4. Researchers in Pittsburgh discover large source of lithium in Pennsylvania

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    Researchers at the University of Pittsburgh have discovered a significant amount of lithium in the wastewater from Marcellus Shale gas wells in Pennsylvania. This finding indicates that up to 40 percent of the lithium needed in the United States could be sourced from this wastewater. The research, led by Justin Mackey and his mentor Daniel Bain, utilized Pennsylvania Department of Environmental Protection data and published their results in Scientific Reports. Extracting lithium from this wastewater could not only supply a substantial portion of U.S. demand but also reduce the costs associated with waste management. The potential for lithium extraction in neighboring states like Ohio and West Virginia remains unexplored, which could further enhance the economic benefits for the region. Lithium is crucial for manufacturing everyday technologies such as smartphones and laptops, and is currently sourced from countries like China and Chile.

    This article has been summarized, view the full article here.

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Morgantown, WV 26505

P: 304.413.4350

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Martinsburg, WV 25404

P: 304.901.7788

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Suite 205
Hagerstown, MD 21740

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