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    Property profile & analytics
    OFF-MARKET Estimated value $530,000
    Retail space

    839 Winchester Ave, Martinsburg, WV 25401-1709

    10,500 SF 0.29 ac lot Built 1940
    Individually Owned 5-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US94-0007228
    Property summary
    AI-generated overview

    This exceptional 7,000 square foot mixed-use property at 839 Winchester Avenue, Martinsburg, WV, presents a lucrative investment opportunity. Situated on a 0.29-acre lot, this prime location offers easy access to Route 9 and downtown Martinsburg. The building is in excellent condition and currently generates strong rental income. A significant portion of the retail space (1,700 sq ft) is leased to Goin' Postal until September 2027, providing immediate cash flow. Three separate apartments, each with its own access, occupy the upper level and are currently leased on a month-to-month basis. These apartments offer additional income streams with potential for rent increases. The remaining 1,800 square feet of vacant retail space provides significant upside potential. This space could be utilized by a new owner or leased to generate additional rental income. The property boasts ample parking, making it highly attractive to both tenants and customers. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location with significant growth potential. The strong existing tenancy and prime location make this an ideal investment for both seasoned investors and those seeking a stable, high-return asset. Don't miss this chance to secure a valuable piece of Martinsburg real estate.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1940
    Construction WOOD FRAME
    Total area 10,500 SF
    Lot 0.29 ac (12,807 SF)
    APN 02-06- 21-0026.0000
    UPID US94-0007228
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • HAMR Bats (Bike/Boat/Book/etc) Store
    • Goin' Postal Courier Service Postal Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $375k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $525k
    Blend (final) Blend
    $530k
    Owner & transaction history
    Michael Jason Barrett · 5 yrs held
    Michael Jason Barrett
    since 2020
    Last sale
    $562,000
    1 recorded transaction
    2020
    $300,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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