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Property profile & analytics
OFF-MARKET
Commercial real estate

6.82 Acres Lutz Ave Martinsburg, WV 25404

6.82 ac lot Built 2024
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 2024
Lot 6.82 ac (297,079 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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