205 Viking Way Martinsburg, WV 25401
- Drive through restaurants
- 2,384 SF
- 0.64 lot acres
Current Use by Public Records
- Pizza Hut / Pizza Restaurant / Family Restaurant
Property Details for 205 Viking Way
- Year built
- 1988
- Construction
- WOOD FRAME
- Lot size
- 0.64 lot acres
- Property size
- 2,384 SF
- Property type
- Drive through restaurants
- APN
- 02-06- 8-0056.0004
- APU
- 206800560004
Description
This exceptional 0.64-acre commercial lot, situated at 205 S Viking Way in Martinsburg, West Virginia, presents a remarkable opportunity for a fast-food establishment. The property's strategic location offers unparalleled visibility and accessibility, making it ideal for brands such as Taco Bell, McDonald's, Chick-fil-A, or Dunkin' Donuts. The site is ready for immediate development, eliminating lengthy delays associated with land acquisition and permitting. The asking rental rate is $15,000 per month, reflecting the property's high-demand location and significant potential for return on investment. This is a rare chance to secure a prominent position in a thriving market, ensuring strong brand recognition and customer traffic. The property's size provides ample space for building construction, drive-thru lanes, and ample parking, catering to the needs of a busy fast-food operation. Serious inquiries are encouraged to explore this exceptional opportunity to establish a successful business in a high-traffic area. The property is zoned for commercial use, simplifying the development process. Don't miss this chance to secure a prime location in a rapidly growing community. Contact us today to schedule a viewing and discuss the possibilities. The property is offered for lease only.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $390,000
- 6.5%
- $405,000
- 7%
- $425,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $450,000
- Geo Method
- $435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $400,000
- Retail
- $420,000
- Mixed-Use
- $475,000
- Hospitality
- $470,000
- Educational
- $450,000
- Residential Income
- $465,000
- Energy
- $410,000
- Income-Based Land
- $465,000
- Food Service
- $355,000
Location Insight
- Map
- Local Demand
- City
- Martinsburg
- County
- Berkeley
- State
- West Virginia
- Longitude
- -77.9889
- Latitude
- 39.4626
- CBSA code
- 25180
- CBSA name
- HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA