740 Front Royal Pike - Winchester, VA 22602
This exceptional 20.28-acre commercial land parcel presents a unique development opportunity in Winchester, Virginia. Located at 740 Front Royal Pike - Lot 3B, this fee-simple property boasts unparalleled access via the newly constructed, $23 million Crossover Boulevard, a four-lane road and bridge spanning I-81. This strategic location places the property ideally between I-81 and US 522, providing seamless connectivity to the Winchester commercial district and Airport Road, significantly improving traffic flow and enhancing property value. The area is experiencing rapid growth, evidenced by the nearby headquarters of Trex and CarMax, and the recently completed Madison Village multi-family complex, totaling over 330 residential units. Further development is underway, including a new high school and several residential communities. The flexible zoning allows for diverse development options, including office, multi-family, retail, medical, and hospitality uses. This property offers an exceptional investment opportunity within a thriving and expanding community, benefiting from its prime location and access to major transportation arteries. The surrounding area includes three new public schools (Evendale Elementary, Admiral Richard E. Byrd Middle, and Armel Elementary), contributing to the area's family-friendly appeal and further fueling its growth. This site is part of the Crossover mixed-use project, offering flexible site options and segmentation for optimal development potential.
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.