442 Williamsport PikeMartinsburg, WV 25404

  • Retail properties
  • 448 SF
For Sale
$2,150,000 View listing

Property Details for 442 Williamsport Pike

Year built
2001
Construction
WOOD FRAME
Lot size
2.21 AC
Property size (Sq ft)
448 SF
Property type
Retail properties
Property subtype
Other car washes
APN
02-06- 26-0002.0002
APU
2062600020002

Description

This exceptional investment opportunity presents a thriving, turn-key car wash located at 440, 442 Williamsport Pike in Martinsburg, West Virginia. Boasting 7,667 square feet across two buildings, this property, built in 2006, enjoys a prime location at the hard corner intersection of Route 11 and Route 9, ensuring excellent visibility and high traffic counts. The property's mixed-use commercial zoning offers flexibility for future development or expansion. The car wash is currently operational and represents a strong, established business with a 9.61% cap rate. The asking price is $2,150,000. Prominent signage further enhances its visibility and appeal to a large customer base. This is a rare opportunity to acquire a generational investment in a rapidly growing area of Martinsburg, offering significant potential for both immediate returns and long-term appreciation. The property's strategic location and established business make it an attractive proposition for investors seeking a stable, high-performing asset in a desirable market. The high traffic count and excellent visibility contribute to the strong performance of this turn-key operation. This is a truly exceptional opportunity to acquire a well-established and profitable car wash business in a prime location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $156,744
    6.5%
    $144,687
    7%
    $134,352
  • Comparable approach

    Method
    Valuation
    Relative Method
    $225,724
    Geo Method
    $225,724
  • Alternative Use

    Use
    Valuation
    Residential
    $122,049
    Hospitality
    $111,796
    Educational
    $93,013
    Medical
    $96,212
    Retail
    $144,687
442 Williamsport Pike, Martinsburg, West Virginia

Location Insight

City
Martinsburg
County
Berkeley
State
West Virginia
Latitude
39.4754
Longitude
-77.956
CBSA code
25180
CBSA name
HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$17,633
$376,800
$184,980
$561,780
-
$628,000
$308,300
$936,300

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