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2485 Martinsburg Pike, Stephenson, VA 22656
$875,000
2485 Martinsburg Pike, Stephenson, VA 22656View this property at 2485 Martinsburg Pike, Stephenson, VA 22656
2485 Martinsburg PikeStephensonVA22656
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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.
Full Property Details
Full Property Details for 2485 Martinsburg Pike
General
- Sold For: $875,000
- Taxes: $7,032 (2022)
- Status: Closed
- Type: Commercial
- MLS ID: VAFV2010178
- Added to Site: 530 day(s) ago
Business
- Business Type: Other
Interior
- Flooring: Hardwood, Engineered Wood, Ceramic Tile, Carpet
Rooms
Bathrooms
- Restrooms: 6
Parking
- Total Spaces: 20
- Parking Features: Private
- Parking Type: On Street, Driveway
Location
- County: Frederick
- Cross Streets: Old Charlestown Rd.
- Driving Directions: GPS
- Traffic Count: 5000-9999
School Information
- Elementary School: Stonewall
- Middle School: James Wood
- High School: James Wood
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: 90% Forced Air
- Heating Fuel: Oil
- Water Heater: Electric
Utilities
- Sewer: On Site Septic, Public Hook/Up Avail, Septic Exists
- Water: Public, Well
- Utility Description: Phone, Water Available, Sewer Available, Electric Available, Cable TV Available, Phone Available
Structural Information
- Construction: Brick, Stone, Vinyl Siding, Wood Siding
- Foundation: Permanent, Block
- Roof: Asphalt, Metal, Architectural Shingle
- Stories/Levels: 0
- Year Built: 1956
- Year Built Source: Assessor
- Property Condition: Good
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 2, Unit 3, Unit 3, Unit 3
Lot Features
- Lot Size (Acres): 4.02
- Lot Size (Sq. Ft.): 175,111
- Lot Size Source: Assessor
- Street/Road Desc.: Paved
- Lot Features: Front Yard, Landscaping, Open, Rear Yard, Road Frontage
- Zoning: B2
- Lot Description: Front Yard, Landscaping, Open, Rear Yard, Road Frontage
Financial Considerations
- Price Per Sq. Ft.: $823.97
- Operating Expenses: $7,038
- Assessment Year: 2022
- Tax w/Assessment: $1,152,800
- Tax Amount: $7,032
- Tax Year: 2022
- Owner Pays: Insurance, Taxes - Real Estate, Trash Collection, Water
- Landlord Pays: Insurance, Taxes - Real Estate, Trash Collection, Water
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Exclusions: Single wide mobile home does not convey.
Listed and Sold by Middleburg Real Estate, Nadeem Elizabeth Helfer
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Schools
Schools serving 2485 Martinsburg Pike
School District:Frederick County Public Schools, Winchester, VA
Rating | Name | Grades | Distance |
---|---|---|---|
3165 Martinsburg Pike, Clear Brook, VA 22624 | K-5 | 1.3 mi | |
1313 Amherst St, Winchester, VA 22601 | 6-8 | 4.8 mi | |
161 Apple Pie Ridge Rd, Winchester, VA 22603 | 9-12 | 3.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2485 Martinsburg Pike
Date
Details
Price
Change
Source
10/31/2023
Sold
$875,000
-20.45%
MLS
5/31/2023
Price Reduced
$1,100,000
-0.9%
MLS
5/05/2023
Price Reduced
$1,110,000
-4.31%
MLS
11/16/2022
Listed
$1,160,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2485 Martinsburg Pike, Stephenson, VA 22656 (MLS# VAFV2010178) is a Commercial property that was sold at $875,000 on October 31, 2023. Want to learn more about 2485 Martinsburg Pike? Do you have questions about finding other Commercial real estate for sale in Stephenson? You can browse all Stephenson real estate or contact a Coldwell Banker agent to request more information.