740 Front Royal Pike - Winchester, VA 22602
This exceptional 6.53-acre commercial land parcel presents a unique development opportunity in Winchester, Virginia. Located at 740 Front Royal Pike - Lot 1B, 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 land ideally between I-81 and US 522, providing direct access to the Winchester commercial district and Airport Road, significantly improving traffic flow and enhancing property value. The area is experiencing rapid growth, with recent developments including the Trex and Carmax headquarters directly across I-81, and over 330 new multi-family residential units immediately south. The property benefits from flexible zoning, allowing for diverse development options such as office, multi-family, retail, medical, and hospitality uses. The surrounding area includes established residential communities (Red Fox Run, Chapel Hill, Canter Estates, and the under-development Freedom Manor), as well as three new public schools (Evendale Elementary, Admiral Richard E. Byrd Middle, and Armel Elementary), and a planned new high school. This vibrant, expanding community, situated in one of the fastest-growing areas of the Greater Washington, DC Metro Area, makes this a compelling investment opportunity with significant long-term potential. The property's proximity to major transportation arteries and thriving residential areas ensures high visibility and accessibility for any development. This is a rare chance to capitalize on the explosive growth in Winchester. The zip code is 22602, and the property is in Frederick County.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.