310 Raleigh St Martinsburg, WV 25401-2815
- Industrial properties
- 6,688 SF
- 4.56 lot acres
Current Use by Public Records
- Pool's Paradise / Skateboard Park
- All Nations Outreach Center / Religious Institution
Property Details for 310 Raleigh St
- Year built
- 1954
- Construction
- WOOD FRAME
- Lot size
- 4.56 lot acres
- Property size
- 6,688 SF
- Property type
- Industrial properties
- APN
- 02-06- 10-0109.0000
- APU
- 2061001090000
Description
This exceptional 3-acre property located at 310 North Raleigh Street, Martinsburg, West Virginia, presents a unique investment opportunity. Previously utilized as a skateboard park, the building is currently leased to a church, generating consistent rental income. The expansive 3-acre lot offers significant potential for redevelopment and repurposing, catering to a wide range of commercial ventures. The existing structure provides a solid foundation for various uses, allowing for creative adaptation to suit specific business needs. Investors will appreciate the existing rental income stream, providing immediate return on investment while exploring future development options. The property's strategic location in Martinsburg offers excellent accessibility and visibility, enhancing its overall appeal. The flexible zoning and ample space make this an ideal canvas for entrepreneurs seeking a unique and profitable venture. This property is priced at $950,000 and presents a rare chance to acquire a versatile commercial space with substantial upside potential. The existing tenant provides a stable income source while the possibilities for future development are virtually limitless. Don't miss this chance to acquire a property with such diverse potential in a thriving West Virginia market. Serious inquiries only.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $940,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $910,000
- 6.5%
- $775,000
- 7%
- $940,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $805,000
- Geo Method
- $870,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $765,000
- Retail
- $845,000
- Mixed-Use
- $745,000
- Hospitality
- $805,000
- Educational
- $815,000
- Residential Income
- $775,000
- Energy
- $725,000
- Income-Based Land
- $790,000
- Food Service
- $830,000
Location Insight
- Map
- Local Demand
- City
- Martinsburg
- County
- Berkeley
- State
- West Virginia
- Longitude
- -77.9676
- Latitude
- 39.4626
- CBSA code
- 25180
- CBSA name
- HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA
