1806 Hedgesville Rd, Martinsburg, WV 25403
Exceptional opportunity to acquire 27.3 acres of commercial land in Martinsburg, West Virginia. This strategically located property boasts easy access to I-81 Exit 16, less than 1.3 miles away, ensuring high visibility and convenient access for businesses. The site is zoned C, and Hedgesville Road (Rt 9), where the property is situated, is slated for widening to a four-lane road, significantly increasing traffic flow and exposure. Currently, the area experiences an annual average daily traffic count of 17,300 vehicles. Infrastructure improvements are planned, including the installation of a paved road and the extension of water and sewer lines directly to the lot. The lot size and design are still adjustable to meet specific business needs. Further enhancing its appeal, future residential development is planned across Rt 9, creating a synergistic environment. The seller is open to providing some site work at an additional cost. This presents a unique opportunity for developers and businesses seeking a prime location with excellent growth potential. Additional parcels are also available. The asking price is $2,320,500, representing a land value of $85,000 per acre.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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