BECKLEY, W.Va. (AP) - With West Virginia University opening its Beckley campus this fall, investors have been looking at potential properties in the city.
According to the Register-Herald (https://bit.ly/1TVy496 ), Lisa Armes, a Century 21 First Choice real estate agent, said she has been receiving calls about properties in the area for the past six months from local clients and some as far away as California.
“We have a ton of people who want to open little restaurants, antique stores, bookstores and bars,” she said.
Armes, who currently has eight properties available for lease, believes the recent spike in interest is because of WVU-Tech’s upcoming arrival, and she looks forward to seeing the area grow.
“Anything is a good investment right now,” she said. “We need community supporting business there. I think community involvement will put even more people in.”
Suzanne Parker with LNK Management Group in Los Angeles was referred to the Beckley area after reaching out to Tim Berry Real Estate to locate a few houses to turn into rental properties.
“With WVU and the movement of not only students here, but professors, staff and employees, I wanted to do some research in Beckley,” Parker said.
If she can find the properties she wants, she plans to purchase three or four houses and possibly acquire additional properties later.
Mike Tyree, broker owner of Century 21 First Choice, said some potential clients have contacted his office about converting properties for dorm use in the uptown area. No deals have been made yet.
“Colleges bring culture, restaurants, nightlife. It’s a trend around the country,” Tyree said.
Information from: The Register-Herald, https://www.register-herald.com
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