Property profile

740 Front Royal Pike - Winchester, VA 22602

OFF-MARKET
Land
5.3 ac lot
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Property summary

AI-generated overview

This exceptional 5.3-acre commercial land parcel presents a unique development opportunity in Winchester, Virginia. Strategically located on Front Royal Pike (Lot 3A), the property boasts unparalleled access via the newly completed $23 million Crossover Boulevard, a four-lane road and bridge spanning I-81. This prime location sits ideally between I-81 and US 522, acting as a crucial link between Winchester and Airport Road, significantly improving traffic flow and enhancing property value. The site benefits from fully approved flexible zoning, allowing for diverse development options including office, multi-family, retail, medical, hospitality, and various other commercial uses. This rapidly developing area showcases significant recent growth, with the headquarters of Trex and CarMax located directly across I-81, and over 330 residential units situated immediately south. The area's expansion is further evidenced by the presence of established residential communities like Red Fox Run, Chapel Hill, and Canter Estates, along with the developing Freedom Manor and three new public schools (Evendale Elementary, Admiral Richard E. Byrd Middle, and Armel Elementary). A new high school is also planned for construction nearby. This robust growth, coupled with the improved infrastructure of Crossover Boulevard, which alleviates congestion at the US 17-50-522 intersection, makes this a highly attractive investment opportunity in one of the fastest-growing communities in the Greater Washington, DC Metro Area. The property's location within the Crossover mixed-use project offers flexible site options and segmentation, ensuring a tailored approach to development.

Property profile

Verified
Property type Land
Lot 5.3 ac (230,868 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

740 Front Royal Pike - Winchester, VA 22602
Winchester metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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