1287 Winchester AveMartinsburg, WV 25405

Property Details for 1287 Winchester Ave

Year built

1993

Construction

WOOD FRAME

Lot size

10.17 AC

Property size (Sq ft)

121,452 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

02-01- 5-0034.0000

APU

201500340000

Description

This exceptional industrial property presents a unique redevelopment opportunity in Martinsburg, West Virginia. The former Kmart building boasts a substantial 114,587 square feet of versatile space, ideally suited for a variety of uses. Located at 1287 Winchester Ave, 25405, this warehouse enjoys excellent visibility and accessibility from WV Route 45 (Apple Harvest Drive), ensuring high traffic exposure and convenient transportation links. The building's expansive footprint allows for flexible configurations, catering to the needs of both end-users and multiple tenants. Its vacant status provides a blank canvas for customization and immediate occupancy. The property's strategic location within Berkeley County, West Virginia, offers access to a robust workforce and established infrastructure. This is an exceptional chance to acquire a significant industrial asset in a thriving market, ripe for revitalization and tailored to meet specific business requirements. The property's size and location make it an attractive investment for businesses seeking a prominent presence in the Martinsburg area. Serious inquiries are encouraged to explore the potential of this substantial warehouse space. The property is ready for immediate occupancy and offers significant potential for a variety of industrial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $42,493,028

  6.5%

  $39,224,332

  7%

  $36,422,596

• Comparable approach

  Method

  Valuation

  Relative Method

  $61,193,444

  Geo Method

  $61,193,444

• Alternative Use

  Use

  Valuation

  Residential

  $33,087,192

  Hospitality

  $30,307,690

  Educational

  $25,215,642

  Medical

  $26,082,846

  Retail

  $39,224,332

Location Insight

City

Martinsburg

County

Berkeley

State

West Virginia

Latitude

39.4397

Longitude

-77.9797

CBSA code

25180

CBSA name

HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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