6.82 Acres Lutz Ave Martinsburg, WV 25404
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.