127 King St Martinsburg, WV 25401-4205
- Bars
- 6,579 SF
- 0.11 lot acres
Current Use by Public Records
- Compulsory Insurance Policy / Insurance Agency
- Rainier Peak Insurance Agency / Insurance Agency
- Johnny's Boy / Bar
Property Details for 127 King St
- Year built
- 1910
- Construction
- WOOD FRAME
- Lot size
- 0.11 lot acres
- Property size
- 6,579 SF
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 02-06- 14-0485.0000
- APU
- 2061404850000
Description
This exceptional 5,400 square foot commercial property, located at 127 E King St in downtown Martinsburg, West Virginia, presents a unique leasing opportunity. The building, constructed in 1910 and extensively renovated in 2023, offers a versatile layout suitable for various office uses, including executive or medical offices. The single-tenant space can be leased as a whole or potentially subdivided to accommodate multiple tenants. Features include soaring ceilings and a configuration adaptable to various needs, including offices, conference rooms, and break rooms. An upstairs area offers potential for a separate, stand-alone office setup. The property sits on a 0.11-acre lot and includes two parking spaces. The building benefits from 200+ amp electric service. Its prime corner location on historic King Street ensures excellent visibility and accessibility. The zoning designation is 327, and the APN is 06 14048500000000. This property is situated in Berkeley County, WV, zip code 25401. This is an ideal opportunity for businesses seeking a prominent location in the heart of downtown Martinsburg.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $340,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $280,000
- 6.5%
- $300,000
- 7%
- $260,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $280,000
- Geo Method
- $285,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $325,000
- Retail
- $260,000
- Mixed-Use
- $305,000
- Hospitality
- $255,000
- Educational
- $260,000
- Residential Income
- $280,000
- Energy
- $320,000
- Income-Based Land
- $270,000
- Food Service
- $300,000
Location Insight
- Map
- Local Demand
- City
- Martinsburg
- County
- Berkeley
- State
- West Virginia
- Longitude
- -77.9627
- Latitude
- 39.4563
- CBSA code
- 25180
- CBSA name
- HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA