130 Burke StMartinsburg, WV 25401

Property Details for 130 Burke St

Year built

1890

Construction

WOOD FRAME

Lot size

0.09 AC

Property size (Sq ft)

4,724 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

02-06- 14-0452.0000

APU

2061404520000

Description

This exceptional mixed-use property at 130 W Burke Street in the heart of Martinsburg, WV, presents a unique investment opportunity. Spanning 3,685 square feet on a 0.08-acre lot, this beautifully maintained two-story building offers a blend of commercial and office space, ideal for a variety of businesses. The main level features an open reception area, ample showroom or meeting room space, and a half bath. Upstairs, five separate offices and an additional bathroom provide versatile workspace. The building also includes valuable storage space in both the attic and basement. Recent upgrades enhance its appeal, including refinished floors, a new HVAC system installed in 2019, a new and upgraded water heater also installed in 2019, and a fresh coat of paint throughout, along with newly painted shutters. Convenient on-site parking eliminates the hassle of street parking, offering ample space for employees, clients, and customers. Its prime location on a heavily trafficked, well-maintained downtown street ensures high visibility and accessibility. This property is priced at $235,000 and represents a rare chance to acquire a well-maintained, versatile commercial building in a thriving downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,124,360

  6.5%

  $1,037,871

  7%

  $963,738

• Comparable approach

  Method

  Valuation

  Relative Method

  $944,517

  Geo Method

  $944,517

• Alternative Use

  Use

  Valuation

  Residential

  $1,286,960

  Hospitality

  $1,178,849

  Educational

  $980,788

  Medical

  $1,014,519

  Retail

  $1,525,671

Location Insight

City

Martinsburg

County

Berkeley

State

West Virginia

Latitude

39.4579

Longitude

-77.9646

CBSA code

25180

CBSA name

HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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