Mixed-Use Corner Retail with
325 Winchester Avenue Martinsburg, WV 25401
325 Winchester Avenue, Martinsburg, WV, 25401
$549,900
For Sale
$549,900
Corner retail space with a leased upstairs tenant and a rented rear 2-bedroom apartment on a mixed-use commercial zoning basis.
Property Size3,500 SF
Price / SF$157.11
Days on Market48
Property Features for 325 Winchester Avenue
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1920
Listing agency
(240) 405-5575
Listed by
Samson Properties
(240) 405-5575
Source
Xome
Added: Jun 5 Updated: Jul 21 at 4:01AM Checked: Jul 22 at 3:36AM
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 Samson Properties
Investment Insights
Based on property information with market context.
This mixed-use corner property includes an upper main-level retail store that is currently leased on a month-to-month basis, along with a 2-bedroom apartment in the rear that is rented and features modern upgrades including mini-split HVAC and stainless steel appliances. The apartment also has updated baths and a rear entry.
The building is positioned across from the Interwoven Mill Project and related parking areas, and it benefits from on-street parking to the side of the building. The seller notes that parking may be negotiable with nearby parking options on the same block, including a church parking lot and an auto parts store behind the building.
The zoning is listed as Mixed Use Commercial. The property size is provided as 3,500 (total), and the listing information indicates the zoning details are available in the attached documents.
The building is positioned across from the Interwoven Mill Project and related parking areas, and it benefits from on-street parking to the side of the building. The seller notes that parking may be negotiable with nearby parking options on the same block, including a church parking lot and an auto parts store behind the building.
The zoning is listed as Mixed Use Commercial. The property size is provided as 3,500 (total), and the listing information indicates the zoning details are available in the attached documents.
Key Highlights
- 1920‑built corner property with mixed‑use commercial zoning (Zoning 373) and on‑street parking.
- Upper main level is a retail space leased on a month‑to‑month basis for $1,350/month.
- Rear 2‑bedroom apartment is rented for $1,250/month.
Local Financial Insights For Retail
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 | $34.9k | $9.96 |
| − Vacancy | −$2.6k | −$0.75 |
| EGI | $32.2k | $9.21 |
| − OpEx | −$9.7k | −$2.76 |
| NOI | $22.6k | $6.45 |
3,500 SF · lease $9.96/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$322.5K
$282.2K – $376.2K
NOI $22,572 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$218.1K
$190.9K – $254.5K
NOI $15,270 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$633.6K
$554.4K – $739.2K
NOI $44,352 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - Corner retail space with a leased upstairs tenant and a rented rear 2-bedroom apartment on a mixed-use commercial zoning basis.
Where is this storefront property located?
The property is located at 325 Winchester Avenue Martinsburg, WV.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 1920‑built corner property with mixed‑use commercial zoning (Zoning 373) and on‑street parking.; Upper main level is a retail space leased on a month‑to‑month basis for $1,350/month.; Rear 2‑bedroom apartment is rented for $1,250/month.
