Unrestricted Industrial Development
2764 WINCHESTER Ave Martinsburg, WV 25405
New
2764 WINCHESTER Ave, Martinsburg, WV, 25405
$550,000
For Sale
$550,000
Unrestricted 3.11-acre site with frontage on Route 11 and Packhorse Ford Road and a concrete block shell ready for redevelopment.
Property Size3,250 SF
Lot Size3.11 Acres
Price / SF$169.23
Days on Market3
Property Features for 2764 WINCHESTER Ave
General Information
- Standard status
- Active
- Size
- 3,250 SF
- Lot size
- 3.11 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1945
Listing Agency
Keller williams realty advantage
(304) 268-2696
Listed by
Natalie J Hoffmann · License #WV0012448
(304) 268-2696
Source
Elliman
Added: Jul 19 Updated: Jul 20 at 2:19 am Checked: Jul 20 at 2:19 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller williams realty advantage
Investment Insights
Based on property information with market context.
Unrestricted 3.11-acre development site with frontage on both Route 11 and Packhorse Ford Road. Public water and sewer are available. A 50' x 65' concrete block building shell is already in place and is ready for redevelopment, requiring a new roof.
The property currently holds a non-transferable salvage license, with renewal due at the end of 2026. Buyers who want to continue that use should complete their own due diligence regarding applicable licensing requirements.
The site is offered as a development opportunity for future uses, with potential for commercial, industrial, or multi-family development subject to applicable approvals.
The property currently holds a non-transferable salvage license, with renewal due at the end of 2026. Buyers who want to continue that use should complete their own due diligence regarding applicable licensing requirements.
The site is offered as a development opportunity for future uses, with potential for commercial, industrial, or multi-family development subject to applicable approvals.
Key Highlights
- Unrestricted 3.11‑acre site with frontage on both Route 11 and Packhorse Ford Road
- 50' x 65' concrete block building shell on site, ready for redevelopment (new roof required)
- Public water and sewer available
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.8k | $15.00 |
| − Vacancy | −$4.0k | −$1.25 |
| EGI | $44.7k | $13.76 |
| − OpEx | −$15.6k | −$4.81 |
| NOI | $29.1k | $8.94 |
3,250 SF · lease $15.00/SF/yr · vacancy 8.30% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$415.1K
$363.2K – $484.3K
NOI $29,057 @ 7.0% cap · market cap 5.28%
Second Best
Industrial
$268.2K
$234.7K – $312.9K
NOI $18,776 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$588.3K
$514.8K – $686.4K
NOI $41,184 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial land - Unrestricted 3.11-acre site with frontage on Route 11 and Packhorse Ford Road and a concrete block shell ready for redevelopment.
Where is this industrial land located?
The property is located at 2764 WINCHESTER Ave Martinsburg, WV.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Unrestricted 3.11‑acre site with frontage on both Route 11 and Packhorse Ford Road; 50' x 65' concrete block building shell on site, ready for redevelopment (new roof required); Public water and sewer available
