839 Winchester Ave | Martinsburg, WV 25401
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839 Winchester Ave
Martinsburg, WV 25401
Retail Property For Sale
Investment Highlights
- Consistent Residential Rentals
- Room to Expand
- Actual Residential Rents should be appr. 3000 with Goin Postal at 1250 and Vacant at 1800
- Long Term Tenant in Goin' Postal
- Current rent are below market
Executive Summary
Great commercial/residential mixed use opportunity in the outskirts of Martinsburg. Current lease in place for 1700 sq ft on main level to Goin' Postal until May of 2027. Other Commercial space is vacant. Three apartments leased upstairs with separate accesses month to month. Rents have room to increase, but tenants are all long term and all tenants pay on or before first of the month. Building is in great shape. Convert the vacant 1800 sq ft of retail for your own use and collect on all other units or pick it up as an investment and find the tenant for the vacant space quickly with parking and easy access from Route 9 and downtown. Property is in prime Martinsburg location.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built
1940
Price
$866,094 CAD
Price Per SF
$124 CAD
Cap Rate
5.35%
NOI
$46,336 CAD
Percent Leased
74%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.55
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
BC - Mixed Use Zoning information can be found in documents attached.
Parking
20 Spaces (2.86 Spaces per 1,000 SF Leased)
Frontage
69 ft on Winchester Ave
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
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