1864 Winchester AveMartinsburg, WV 25405

Property Details for 1864 Winchester Ave

Year built

1956

Construction

WOOD FRAME

Lot size

0.68 AC

Property size (Sq ft)

2,940 SF

Property type

Retail space

APN

02-01- 5P-0050.0000

APU

02015P00500000

Description

This exceptional 3,787 square foot mixed-use property, situated on a 0.72-acre lot in the heart of Martinsburg, WV, presents a remarkable opportunity for business owners. Completely renovated in 2017, this turnkey space boasts sleek LVP flooring, new energy-efficient windows, a mini-split system, two heat pumps, a new roof, and upgraded lighting. Specifically designed for a salon or spa, the layout includes four double-sided stylist stations (eight stylists total), three shampoo bowls, three back bars, two dryers, a manicure table, and a pedicure chair. Additional features include a breakroom with a sink and refrigerator, two dressing rooms, and two bathrooms. Ample parking is available. The property's prime location in a high-traffic area ensures excellent visibility and accessibility for your business. This meticulously maintained building offers unparalleled functionality and style, providing the ideal foundation for your next venture. The asking price is $699,900. This is more than just a building

• CAP approach

  CAP return

  Valuation

  6%

  $1,028,633

  6.5%

  $949,507

  7%

  $881,685

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,481,316

  Geo Method

  $1,481,316

• Alternative Use

  Use

  Valuation

  Residential

  $800,945

  Hospitality

  $733,661

  Educational

  $610,397

  Medical

  $631,390

  Retail

  $949,507

Location Insight

City

Martinsburg

County

Berkeley

State

West Virginia

Latitude

39.4329

Longitude

-77.9869

CBSA code

25180

CBSA name

HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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