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2485 Martinsburg Pike

STEPHENSON, VA 22656
  • $1,200,000
  • STATUS: Active
  • ON SITE: 32 Days
  • ID#: VAFV2006188
UPDATED: 45 min ago
$1,200,000
  • 0
    BEDS
  • 4.02
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,900
    SQFT
  • $135
    $/SQFT
Type:
Multi-Family
Built:
1956
County:

School Information

High School:

Description

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.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executives. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-28T06:56:11.423.
www.bruceandtanya.com/homes/128025632
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2485 Martinsburg Pike STEPHENSON, VA 22656

  • Price: $1,200,000
  • Status: Active
  • On Site: 32 Days
  • Updated: 45 min ago
  • ID#: VAFV2006188
0
Beds
0
Baths
0
½ Baths
4.02
Acres
8,900
SQFT
$135
$/SQFT
1956
Built
County:
Frederick
High School:
James Wood
School District:
Frederick County Public Schools
Property Description
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.
Exterior Features

Architectural Style Ranch/Rambler Construction Materials BrickStoneVinyl SidingWood Siding Garage YN No Lot Features Front YardLandscapingOpenRear YardRoad Frontage Other Structures Above Grade Parking Features Private Parking Types On StreetDriveway Pool No Pool Property Condition Good Riparian Rights YN No Road Responsibility State Road Surface Type Paved Roof AsphaltMetalArchitectural Shingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 8900 Cooling Central A/C Exclusions Single Wide Mobile Home Does Not Convey. Flooring HardwoodEngineered WoodCeramic TileCarpet Heating 90% Forced Air Heating YN Yes Single Room Units 1 Three Bedroom Units 3 Two Bedroom Units 1

Property Features

Accessibility Features Entry Slope <1' Assessment Year 2021 Central Air YN Yes Cooling Fuel Electric Cross Street Old Charlestown Rd. Foundation Details PermanentBlock Heating Fuel Oil Historic YN No Hot Water Electric Navigable Water YN N New Construction YN No Number Of Units Total 4 Original MLSNumber 801489804578 Ownership Interest Fee Simple Possession Settlement Property Sub Type Other Sale Type Standard Sewer On Site SepticPublic Hook/Up AvailSeptic Exists Structure Design Type Detached Tax Annual Amount 7032.00 Tax Assessment Amount 1152800.00 Tax Lot 2 Trash Expense 683.40 Utilities PhoneWater AvailableSewer AvailableElectric AvailableCable Tv AvailablePhone Available Vacation Rental YN No Water Source PublicWell Zoning B2 Zoning Description General Business ServicesRetailAutomotiveOfficeRestaurant

Listing courtesy of Middleburg Real Estate.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executives. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-28T06:56:11.423.
 
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