6.82 Acres Lutz Ave Martinsburg, WV 25404
- Commercial real estate
- 6.82 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 6.82 Acres Lutz Ave
- Year built
- 2024
- Lot size
- 6.82 lot acres
- Property type
- Commercial real estate
Description
This exceptional 6.82-acre commercial parcel presents a remarkable investment opportunity in Martinsburg, WV's thriving Courthouse Square district. Recently cleared and meticulously cleaned, the land is ready for immediate development. Its strategic location benefits from the recent approval of a 173-unit townhome subdivision just one block away, promising increased foot traffic and a burgeoning residential population. Situated within the city's designated Business District, this property enjoys the support of the city's commitment to responsible growth in this area. The Mixed-Use Commercial zoning allows for a wide array of development possibilities, including but not limited to retail spaces, professional offices, storage facilities, flexible-use spaces, sales outlets, and banking institutions. Lutz Avenue, where the property is located, boasts fully paved roads and improved infrastructure, including sidewalks. The property's accessibility and visibility make it an ideal location for a variety of commercial ventures. To further enhance its appeal, the seller may offer owner financing for a first trust position, subject to project plans and intended building use. Detailed covenants and restrictions are available for review. This is a rare chance to acquire a significant commercial land holding in a rapidly developing area of Martinsburg. Don't miss this chance to capitalize on the potential of this prime location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Martinsburg
- County
- BERKELEY
- State
- West Virginia
- Longitude
- -77.9581
- Latitude
- 39.4881
