Stephenson, VA 22656,2485 MARTINSBURG PIKE
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Stephenson, VA 22656,2485 MARTINSBURG PIKE
Stephenson, VA 22656,2485 MARTINSBURG PIKE
Stephenson, VA 22656,2485 MARTINSBURG PIKE
Stephenson, VA 22656,2485 MARTINSBURG PIKE

$875,000

Est. payment /mo

$1,100,000

20.5%
Est.Price: ?

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2485 MARTINSBURG PIKE Stephenson, VA 22656

1,335 SqFt

SOLD DATE : 10/31/2023

Key Details

Sold Price $875,000

Property Type Commercial

Sub Type Land for Commercial Use

Listing Status Sold

Purchase Type For Sale

Square Footage 1,335 sqft

Price per Sqft $655

MLS Listing ID VAFV2010178

Sold Date 10/31/23

Originating Board BRIGHT

Year Built 1956

Annual Tax Amount $7,032

Tax Year 2022

Lot Size 4.020 Acres

Acres 4.02

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.

Location

State VA

County Frederick

Zoning B2

Interior

Hot Water Electric

Cooling Central A/C

Flooring Hardwood, Engineered Wood, Ceramic Tile, Carpet

Heat Source Oil

Exterior

Garage Spaces 20.0

Utilities Available Phone, Water Available, Sewer Available, Electric Available, Cable TV Available, Phone Available

Waterfront N

Water Access N

Roof Type Asphalt,Metal,Architectural Shingle

Street Surface Paved

Accessibility Entry Slope <1'

Road Frontage State

Total Parking Spaces 20

Garage N

Building

Lot Description Front Yard, Landscaping, Open, Rear Yard, Road Frontage

Foundation Permanent, Block

Sewer On Site Septic, Public Hook/Up Avail, Septic Exists

Water Public, Well

New Construction N

Schools

Elementary Schools Stonewall

Middle Schools James Wood

High Schools James Wood

School District Frederick County Public Schools

Others

Tax ID 44B 1 2

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Nadeem Elizabeth Helfer • Middleburg Real Estate
Bought with Nadeem Elizabeth Helfer • Middleburg Real Estate

Camyell Pratt

Agent | License ID: 0225250080

+1(540) 840-8211

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