724 Lakeview Dr Martinsburg, WV 25401
- Office buildings
- 0.30 lot acres
Current Use by Public Records
- Gary Kelley: Allstate Insurance / Motorcycle Insurance Agency / Renter'S Insurance Agency
Property Details for 724 Lakeview Dr
- Lot size
- 0.30 lot acres
- Property type
- Office buildings
- APN
- 02-06- 4-0226.0000
- APU
- 206402260000
Description
This exceptional 2,600 square foot office building presents a unique investment opportunity in Martinsburg, West Virginia. Situated on a 0.3-acre lot at 724 Lakeview Drive, this property boasts a highly desirable location offering unparalleled convenience and accessibility. The building's current configuration is perfect for a single large business, featuring a welcoming lobby, a sizable conference room, six private offices, and multiple common areas providing ample space for staff and clients. However, its adaptable design allows for easy conversion to accommodate multiple tenants. A removable interior wall offers the flexibility to create customized layouts to suit diverse business needs. The property is equipped with two separate HVAC systems and dual electrical meters, ensuring efficient energy management and operational flexibility. Ample parking is provided with 16 dedicated spaces. Its strategic location near Interstate 81, Martinsburg Hospital, and the downtown area ensures excellent visibility and easy access for employees and clients alike. This is an exceptional opportunity for businesses seeking a well-maintained, adaptable space in a prime location. The property is priced at $439,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $330,000
- 6.5%
- $285,000
- 7%
- $295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $265,000
- Geo Method
- $350,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $315,000
- Retail
- $325,000
- Mixed-Use
- $315,000
- Hospitality
- $305,000
- Educational
- $275,000
- Residential Income
- $325,000
- Energy
- $345,000
- Income-Based Land
- $360,000
- Food Service
- $265,000
Location Insight
- Map
- Local Demand
- City
- Martinsburg
- County
- Berkeley
- State
- West Virginia
- Longitude
- -77.972
- Latitude
- 39.4692
- CBSA code
- 25180
- CBSA name
- HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA