2485 Martinsburg PikeStephenson, VA 22656MLS Number VAFV2005972

  • Price: $1,200,000
  • 90 Days on Market
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Federal 30-year interest rate: 5.7% last updated on Jun 30, 2022
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2485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 226562485 Martinsburg Pike Stephenson VA 22656
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  • 4.02Acreage
  • 1956Year Built
  • 899Price Per Square Foot
  • 4Units
Income producing B-2 zoned commercial property on Route 11 in Stephenson. This property gives the investor or developer a variety of options. Currently the 4 acres has 4 rental houses that are rented month to month with long term tenants and one mobile home pad site generating consistent income. The master development plan has been completed and approved. The current survey and engineered drawings are available. Great opportunity to hold for the future or take the property from its present use and convert it into commercial retail shops and or a gas station. The location generates a car count of over 7200 vehicles a day as of 2020. With the recent expansion of local neighborhoods including Snowden Bridge the car count has steadily been on the rise. The intersection of Old Charlestown Rd. has recently been signalized which is 430 feet from the property route 11,Interstate 81 and 37 bypass interchange at Exit 317 is one and a half miles. The property would make a great long or short term holding in its current condition. The rental homes which have each been rented by the current tenants for the past 4+ years without any increase in rental fees. The mobile home pad site is currently rented as well are the four homes which have 3 separate three bedroom homes with large yards and one 2 bedroom home. All four homes are served by septic systems although two have private wells and 3 are served by town water. Sewer is available with in a short distance county fees will apply to connect. The 5 rental properties are on one large level 4 acre parcel. More pictures coming soon.
Listed by Nadeem Elizabeth Helfer of Middleburg Real Estate

Driving Directions

Carter Braxton Preferred Properties
Carter Braxton Preferred Properties
Office: 703-777-7772
1 N. King Street
Leesburg, VA 20175

More Info

Basic Information

  • Broker NameMiddleburg Real Estate
  • List Price$1,200,000
  • MLS NumberVAFV2005972
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot899
  • StatusACT
  • Units4
  • Vacation Rental YNN

Building

  • Building Area SourceAssessor
  • Building Area Total1335
  • Construction MaterialsBrick, Stone, Vinyl Siding, Wood Siding
  • FoundationPermanent, Block
  • Garage Spaces
  • Num Attached Garage Spaces
  • Num Detached Garage Spaces
  • Total Garage And Parking Spaces20
  • Total Restrooms6
  • Year Built1956

Utilities

  • Central Air YNY
  • CoolingCentral A/C
  • Cooling FuelElectric
  • Heat System90% Forced Air
  • Heating FuelOil
  • Heating YNY
  • SewerOn Site Septic, Public Hook/Up Avail, Septic Exists
  • UtilitiesPhone, Water Available, Sewer Available, Electric Available, Cable TV Available, Phone Available
  • Water HeaterElectric
  • Water SourcePublic, Well

Tax Information

  • Assessment Year2022
  • County Tax7032
  • County Tax Payment FrequencyAnnually
  • Tax Assessment Amount1152800
  • Tax Lot2
  • Tax Year2022
  • Taxes$7,032
  • Total Taxes Payment FrequencyAnnually

Property

  • Acreage4.02
  • Business TypeOther
  • Lot DescriptionFront Yard, Landscaping, Open, Rear Yard, Road Frontage
  • Lot Size SourceAssessor
  • Lot Size Square Feet175,111
  • New Construction YNN
  • Property ConditionGood
  • Property SubTypeLand for Commercial Use
  • Road ResponsibilityState
  • Road Surface TypePaved
  • ZoningB2
  • Zoning DescriptionGeneral Business Services, Retail, Automotive, Office, Restaurant

Parking

  • Assigned Parking Spaces
  • Parking FeaturesPrivate
  • Parking TypesOn Street, Driveway

Basic Information

  • Date Listed04/09/2022

Location

  • Address2485 Martinsburg Pike
  • Building Number2485
  • CountyFrederick
  • Cross StreetOld Charlestown Rd.
  • DirectionsGPS
  • In City Limits YNN
  • StateVA
  • TownStephenson
  • Water Oriented YNN
  • Zip22656

Interior

  • FlooringHardwood, Engineered Wood, Ceramic Tile, Carpet

Exterior

  • RoofAsphalt, Metal, Architectural Shingle

Amenities

  • Accessibility AmenitiesEntry Slope <1'

Water Body

  • Tidal Water YNN
  • Water AccessN
  • Water View YNN
  • WaterfrontN

Other

  • Annual Gross Expense14070
  • Cap Rate4
  • ExclusionsSingle wide mobile home does not convey.
  • Gross Income56700
  • Ground Rent Exists YNN
  • Historic YNN
  • Insurance Expense6167
  • Operating Expense7038
  • Operating Expense IncludesInsurance, Management Fees, Trash, Water
  • Trash Expense683
  • View Count2

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Copyright 2022 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Carter Braxton Preferred Properties participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated July 7, 2022. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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