201 Water StMartinsburg, WV 25401

Property Details for 201 Water St

Year built

1989

Construction

WOOD FRAME

Lot size

0.33 AC

Property size (Sq ft)

2,890 SF

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

02-06- 14-0544.0000

APU

2061405440000

Description

This exceptional 3,450 square foot mixed-use property at 201 Water Street S, Martinsburg, WV, presents a unique investment opportunity. Currently operating as a highly-rated four-unit Airbnb, this one-level building offers immediate income potential. Three private suites feature queen-sized beds and ensuite bathrooms, while a fourth suite includes a two-bedroom layout and a roll-in shower, making it ideal for accessible accommodations. The property's features are well-suited for conversion into an elder care facility, with existing handicap accessibility and ample support spaces. A commercial-grade kitchen, complete with a hood system and all essential appliances, is complemented by a gym, office, storage room, and supply room. New laundry equipment and an additional refrigerator enhance functionality. Safety features include fire sprinklers and a water treatment system. The property sits on a 0.33-acre lot and boasts a durable new roof, minimizing future maintenance costs. This turnkey operation offers immediate returns and significant long-term potential for various uses, including hospitality, senior living, or a boutique retreat center. The property's versatility and move-in ready condition make it an attractive investment for entrepreneurs and visionaries alike. Priced at $475,000.

• CAP approach

  CAP return

  Valuation

  6%

  $672,373

  6.5%

  $620,652

  7%

  $576,320

• Comparable approach

  Method

  Valuation

  Relative Method

  $664,501

  Geo Method

  $664,501

• Alternative Use

  Use

  Valuation

  Residential

  $787,323

  Hospitality

  $721,184

  Educational

  $600,016

  Medical

  $620,652

  Retail

  $933,359

Location Insight

City

Martinsburg

County

Berkeley

State

West Virginia

Latitude

39.4555

Longitude

-77.9619

CBSA code

25180

CBSA name

HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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