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    Land

    740 Front Royal Pike -, Winchester, VA 22602

    15.13 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 15.13-acre commercial land parcel presents a unique development opportunity in Winchester, Virginia. Located at 740 Front Royal Pike - Lot 3C, this fee-simple property boasts unparalleled access via the recently completed $23 million Crossover Boulevard, a four-lane road and bridge over I-81. This strategic location positions the land ideally between I-81 and US 522, serving as a key connector to Airport Road and the Winchester commercial district. The site benefits from fully approved flexible zoning, allowing for a wide range of development options, including office, multi-family, retail, medical, hospitality, and more. The area is experiencing rapid growth, with recent developments including the Trex and Carmax headquarters directly across I-81, over 330 residential units to the south, and the Shoppes at Crossover Boulevard. The property's proximity to established residential communities (Red Fox Run, Chapel Hill, Canter Estates, and Freedom Manor) and new public schools (Evendale Elementary, Admiral Richard E. Byrd Middle, and Armel Elementary) further enhances its appeal. The planned construction of a new Frederick County high school adjacent to existing schools underscores the area's ongoing expansion and population growth. Crossover Boulevard's rerouting of traffic patterns significantly increases the value of this property, making it an exceptional investment opportunity in one of the fastest-growing communities in the Greater Washington, DC Metro Area. This site offers developers a chance to capitalize on the area's thriving commercial and residential sectors. The property's strategic location and flexible zoning make it an ideal location for a variety of commercial developments.

    Property profile
    Verified
    Property type Land
    Lot 15.13 ac (659,063 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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