Approved Multifamily Development
For Sale
$825,000
8285 Martinsburg Pike, Shepherdstown, WV 25443
Land offering approved construction plans for 40 apartment units across five eight-unit buildings.
Property SizeContact for details
Days on Market945
Property Features for 8285 Martinsburg Pike
General Information
Standard status
Active
Property subtype
Land / Fee Simple
Additional Details
Utilities to Site
Yes
Multifamily Units
40
Taxes and HOA fees
Annual Taxes
$1,792
Listing Agency:
Greentree Associates of Shepherdstown, Inc.
(304) 876-3737
Listed By:
Jacqueline S Lewis · License #WV0003323
(304) 876-3737
Source:
Compass
Added: Jan 20, 2024
Changed: Aug 8
Last Checked: Mar 25 at 7:05PM
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 Greentree Associates of Shepherdstown, Inc.
Investment Insights
Based on property information with market context.
This is a for-sale development site with approvals in place for a 40-unit apartment concept arranged as five buildings of eight units each. The existing house on the property is described as unlivable, and approval is noted for a teardown. Engineering has been completed by Mills Group, and plans are available for review. Vesting is noted as good for approximately 34 additional months before construction must begin.
The property is described as adjacent to Shepherd University and Domino’s, and it is across the street from the WVU Medical Facility and ROC’s convenience store. The remarks also reference approved trail connectivity out back toward Shepherd University’s Wellness Center.
Permits and supporting documentation referenced in the remarks include a DOH entrance permit in hand and bonded with $25,000, a capacity letter for Shepherdstown water and sewer, and a DHHR permit in hand. The seller notes that approvals may require updating or renewal.
The property is described as adjacent to Shepherd University and Domino’s, and it is across the street from the WVU Medical Facility and ROC’s convenience store. The remarks also reference approved trail connectivity out back toward Shepherd University’s Wellness Center.
Permits and supporting documentation referenced in the remarks include a DOH entrance permit in hand and bonded with $25,000, a capacity letter for Shepherdstown water and sewer, and a DHHR permit in hand. The seller notes that approvals may require updating or renewal.
Key Highlights
- Approved plans for a 40‑unit apartment concept across five buildings of eight units each
- Site includes approved trail connectivity out the back corner of the lot to Shepherd University’s Wellness Center
- Engineering completed by Mills Group; all plans available for review
Property Analytics
Property Profile
Current Use
Lease Details
40
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
Explore this area
Business Placement
Demographics for 25443, WV
7,852
Population
2,816
Households
2.8
Avg Household Size
42
Median Age
58%
College-Educated
95%
High-School Grad
30.7 sq mi
ZIP Area
256
Density / Sq Mi
$103,933
Median Household Income
$45,546
Median Earnings
$1,013
Median Rent
$395,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land offering approved construction plans for 40 apartment units across five eight-unit buildings.
Where is this residential land & home lot located?
The property is located at 8285 Martinsburg Pike Shepherdstown, WV.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Approved plans for a 40‑unit apartment concept across five buildings of eight units each; Site includes approved trail connectivity out the back corner of the lot to Shepherd University’s Wellness Center; Engineering completed by Mills Group; all plans available for review
