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526 W King Street, Martinsburg, WV 25401
$375,000
526 W King Street, Martinsburg, WV 25401View this property at 526 W King Street, Martinsburg, WV 25401
526 W King StreetMartinsburgWV25401
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Property Description
Take a minute to consider this amazing property for sale. Located on traffic heavy West King Street, the exposure here has a very high traffic count. Only steps away from the Old Kilbourne Mill and it's $100,000,000 renovation into 411 condo's and 5000sq ft of commercial space, this property is poised for success. Enter past the huge front windows and into the 312sqft showroom where you'll find the customer counter and conference table. The offices are just behind the counter and lead into the Print Shop where you'll find the bathroom and more storage area. Windows and HVAC have been replaced in the last 5 years. The entire front footprint space is 2056sqft. This building has a solar array and power diverter to offset the majority of the electric bills. Huge benefit! Exit to the back and into the Press Room. The Press Room is 1860sqft with 12ft ceilings and a 6in concrete pad. It has new commercial glass installed by Berkeley glass. This space also has its own solar array with power diverter to offset the electric bill. The back of the building has 12x10 commercial garage door for large truck access. There is a large concrete pad to pull in from the rear alley. The dumpster conveys with the sale. There is a huge storage room over the Press Room with ladder access. In addition, there is a 2 garage with sliding door that is 22x18 with a large sliding door. Perfect for extra storage. Exit the Press Room and enter the space above the Offices and Print Shop where you'll find 2, one bedroom apartments. The co-Owner currently lives in and one and its in perfect shape. The other one needs a small bathroom renovation to make it market ready. This commercial mixed use property has 4 rentable spaces. The office/print shop has a rentable market value of about $2000. Each of the apartments could rent for about $1000 and the Press Room also has about a $2000 rent value. That's about $6000 if bought strictly for rental use. This equates to more than 10% cap rate. The seller paid $98,000 for both solar arrays. The value for this type of improvement is measurable an very valuable. The location is also incredible as the area around it will explode in the next 1 to 3 years.
Full Property Details
Full Property Details for 526 W King St
General
- Sold For: $375,000
- Taxes: (2022)
- Status: Closed
- Type: Manufacturing
- MLS ID: WVBE2019910
- Added to Site: 340 day(s) ago
Business
- Business Type: Apartment Building, Funeral Home, Health Club, Manufa
Interior
- Flooring: Concrete, Laminated, Hardwood
Rooms
Bathrooms
- Restrooms: 1
Parking
- Total Spaces: 4
- Parking Features: Private, Public
- Parking Type: On Street, Driveway
Location
- Municipality: City Of Martinsburg
- County: Berkeley
- Driving Directions: from I81 take exit 13 and turn east. Third building on the left after crossing the RR tracks.
- Location Details: Downtown
- City Limits: Yes
School Information
- Middle School: Martinsburg South
- High School: Martinsburg
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric, Solar Photovoltaic
- Heating Type: Central, Heat Pump - Electric BackUp, Solar - Active, Solar On Grid
- Heating Fuel: Electric, Solar
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Frame
- Roof: Asphalt
- Drive-In Doors: 1
- Drive-In Clearance: 8' to 12'
- Stories/Levels: 0
- Year Built: 1975
- Year Built Source: Assessor
- Property Condition: Good
Unit Information
- # Tenants: Multiple
Lot Features
- Property View: City
- Lot Size (Acres): 0.18
- Lot Size (Sq. Ft.): 8,002
- Lot Size Source: Assessor
- Street/Road Desc.: Black Top
- Zoning: 105
Financial Considerations
- Price Per Sq. Ft.: $88.41
- Assessment Year: 2022
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $196,800
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
- Investment: Yes
- Lot Number: 2
Listed and Sold by ERA Liberty Realty, James, Jr. V Lopez
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Schools
Schools serving 526 W King St
School District:Berkeley County Schools
Rating | Name | Grades | Distance |
---|---|---|---|
422 W Burke St, Martinsburg, WV 25401 | PK-3 | 0.1 mi | |
730 Eagle School Rd, Martinsburg, WV 25404 | 3-5 | 2.1 mi | |
150 Bulldog Blvd, Martinsburg, WV 25401 | 6-8 | 0.6 mi | |
701 S Queen St, Martinsburg, WV 25401 | 9-12 | 0.6 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 526 W King St
Date
Details
Price
Change
Source
2/23/2024
Sold
$375,000
-11.74%
MLS
6/16/2023
Listed
$424,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
526 W King Street, Martinsburg, WV 25401 (MLS# WVBE2019910) is a Manufacturing property that was sold at $375,000 on February 23, 2024. Want to learn more about 526 W King Street? Do you have questions about finding other Manufacturing real estate for sale in Martinsburg? You can browse all Martinsburg real estate or contact a Coldwell Banker agent to request more information.