442 Williamsport PikeMartinsburg, WV 25404

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

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.

• 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

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

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