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2485 Martinsburg Pike

STEPHENSON, VA 22656
  • $1,160,000
  • STATUS: Active
  • ON SITE: 127 Days
  • ID#: VAFV2005972
Price Reduced
UPDATED: 42 min ago
$1,160,000
  • 0
    BEDS
  • 4.02
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1956
County:

School Information

Elementary School:
Middle School:
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 Century 21 Dale Realty Co. 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: 2022-08-15T18:02:35.11.
www.century21dale.com/homes/127560459
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2485 Martinsburg Pike STEPHENSON, VA 22656

  • Price: $1,160,000
  • Status: Active
  • On Site: 127 Days
  • Updated: 42 min ago
  • ID#: VAFV2005972
0
Beds
0
Baths
0
½ Baths
4.02
Acres
1956
Built
County:
Frederick
Elementary School:
Stonewall
Middle School:
James Wood
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

Construction Materials BrickStoneVinyl SidingWood Siding Garage YN No Lot Features Front YardLandscapingOpenRear YardRoad Frontage Parking Features Private Parking Types On StreetDriveway 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

Building Area Total 1335.00 Cooling Central A/C Exclusions Single Wide Mobile Home Does Not Convey. Flooring HardwoodEngineered WoodCeramic TileCarpet Heating 90% Forced Air Heating YN Yes Net Square Feet 4570.00

Property Features

Accessibility Features Entry Slope <1' Annual Gross Expense 14070.25 Assessment Year 2022 Business Type Other Central Air YN Yes Cooling Fuel Electric Cross Street Old Charlestown Rd. Foundation Details PermanentBlock Gross Income 56700.00 Heating Fuel Oil Historic YN No Hot Water Electric Insurance Expense 6167.30 Internet Services CableDslFiber OpticFixed WirelessLteBroadband Navigable Water YN N Net Operating Income 49668.00 New Construction YN No Number Of Units Total 4 Operating Expense 7038.17 Operating Expense Includes InsuranceManagement FeesTrashWater Original MLSNumber 801461730562 Owner Pays InsuranceTaxes - Real EstateTrash CollectionWater Ownership Interest Fee Simple Possession Settlement Property Sub Type Land For Commercial Use Sale Type Standard Sewer On Site SepticPublic Hook/Up AvailSeptic Exists Tax Annual Amount 7032.00 Tax Assessment Amount 1152800.00 Tax Lot 2 Total Actual Rent 56700.00 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 Century 21 Dale Realty Co. 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: 2022-08-15T18:02:35.11.
 
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