Property profile

740 Front Royal Pike - Winchester, VA 22602

OFF-MARKET
Land
8.3 ac lot
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Property summary

AI-generated overview

This exceptional 8.3-acre commercial land parcel presents a unique development opportunity in Winchester, Virginia. Located at 740 Front Royal Pike - Lot 2C, this fee-simple property boasts unparalleled access to Interstate 81 and US 522 via the newly completed $23 million Crossover Boulevard road and bridge project. This four-lane thoroughfare directly intersects the property, providing exceptional visibility and convenient access to Winchester's thriving commercial district. The site benefits from flexible zoning, allowing for a diverse range of development options, including office, multi-family, retail, medical, hospitality, and more. The area is experiencing rapid growth, with recent developments including the headquarters for Trex and Carmax directly across I-81, and over 330 new residential units nearby. The property's strategic location between major transportation arteries and within a rapidly expanding residential area ensures high demand and significant long-term value. The surrounding area also includes established residential communities like Red Fox Run, Chapel Hill, and Canter Estates, as well as the new Madison Village multi-family complex. Three new public schools (Evendale Elementary, Admiral Richard E. Byrd Middle, and Armel Elementary) are also located nearby, further enhancing the area's appeal. The proximity of a planned new high school adds to the area's family-friendly atmosphere and future growth potential. This property represents a rare chance to capitalize on the explosive growth of this section of Winchester, offering exceptional returns for the discerning investor. The site's location and zoning make it ideal for a mixed-use development, catering to the needs of both businesses and residents.

Property profile

Verified
Property type Land
Lot 8.3 ac (361,548 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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