442 Williamsport PikeMartinsburg, WV 25404
- Retail properties
- 448 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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