1017 Queen StMartinsburg, WV 25401

Property Details for 1017 Queen St

Year built

1950

Construction

WOOD FRAME

Lot size

0.28 AC

Property size (Sq ft)

2,208 SF

Property type

Retail properties

Property subtype

Bars

APN

02-06- 22-0059.0000

APU

2062200590000

Description

This exceptional mixed-use property, located at 1017 S Queen Street in Martinsburg, West Virginia, presents a compelling investment opportunity. The building boasts a generous 2,300 square feet of space, offering significant versatility for a variety of commercial and residential uses. Situated on a sizable 0.28-acre lot, the property provides ample room for expansion, outdoor seating, or additional parking. The asking price of $299,900 reflects the property's strong potential for rental income and appreciation. The strategic location in Martinsburg offers easy access to major transportation routes, ensuring high visibility and convenient access for both customers and residents. This property is ideal for an investor seeking a blend of commercial and residential income streams, or for a business owner looking to establish a presence in a thriving community. The existing structure presents a solid foundation for immediate occupancy or renovation to suit specific business needs. The 0.28-acre lot offers flexibility for future development or expansion, adding further value to this already attractive investment. Serious inquiries are encouraged to explore the full potential of this unique mixed-use property in a desirable West Virginia location. Don't miss this chance to acquire a valuable asset in a growing market. The property is ready for its next chapter, and awaits a discerning buyer.

• CAP approach

  CAP return

  Valuation

  6%

  $772,524

  6.5%

  $713,099

  7%

  $662,164

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,112,498

  Geo Method

  $1,112,498

• Alternative Use

  Use

  Valuation

  Residential

  $601,526

  Hospitality

  $550,994

  Educational

  $458,421

  Medical

  $474,187

  Retail

  $713,099

Location Insight

City

Martinsburg

County

Berkeley

State

West Virginia

Latitude

39.4456

Longitude

-77.9676

CBSA code

25180

CBSA name

HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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