$875,000
$1,100,000
20.5%For more information regarding the value of a property, please contact us for a free consultation.
2485 MARTINSBURG PIKE Stephenson, VA 22656
1,335 SqFt
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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Bought with Nadeem Elizabeth Helfer • Middleburg Real Estate