Property profile

205 Viking Way Martinsburg, WV 25401

OFF-MARKET
Drive through restaurants
Property ID
US94-1285704
2,384 SF 0.64 ac lot Built 1988
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 0.64-acre commercial lot, situated at 205 S Viking Way in Martinsburg, West Virginia, presents a remarkable opportunity for a fast-food establishment. The property's strategic location offers unparalleled visibility and accessibility, making it ideal for brands such as Taco Bell, McDonald's, Chick-fil-A, or Dunkin' Donuts. The site is ready for immediate development, eliminating lengthy delays associated with land acquisition and permitting. The asking rental rate is $15,000 per month, reflecting the property's high-demand location and significant potential for return on investment. This is a rare chance to secure a prominent position in a thriving market, ensuring strong brand recognition and customer traffic. The property's size provides ample space for building construction, drive-thru lanes, and ample parking, catering to the needs of a busy fast-food operation. Serious inquiries are encouraged to explore this exceptional opportunity to establish a successful business in a high-traffic area. The property is zoned for commercial use, simplifying the development process. Don't miss this chance to secure a prime location in a rapidly growing community. Contact us today to schedule a viewing and discuss the possibilities. The property is offered for lease only.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1988
Construction WOOD FRAME
Total area 2,384 SF
Lot 0.64 ac (27,878 SF)
APN 02-06- 8-0056.0004
UPID US94-1285704

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

205 Viking Way Martinsburg, WV 25401-5339
Martinsburg metro Census 971700 HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2023
1 recorded transaction
2023
$649,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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