739 Winchester AveMartinsburg, WV 25401

Property Details for 739 Winchester Ave

Year built

1939

Construction

WOOD FRAME

Lot size

0.27 AC

Property size (Sq ft)

4,752 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

02-06- 17-0035.0000

APU

2061700350000

Description

This 700-square-foot medical office space, located at 739 Winchester Ave in Berkeley County, presents a fantastic opportunity for a variety of businesses. Previously a dentist's office, the property boasts a clean and inviting waiting room, reception area, closet, and a large room with a bathroom. Recent updates include fresh paint and luxury vinyl plank (LVP) flooring. The building features large windows and a lighted advertising sign, ensuring high visibility. The property sits on a 0.27-acre lot (11,761.2 sq ft) and includes four parking spaces. Built in 1939, this single-story Class B building offers 100-amp power. The zoning is 319, and the APN is 06 17003500000000. A 24-month minimum lease is required, with a 5% annual rent increase. The tenant is responsible for snow removal from the front sidewalk and insuring their contents. A unique feature is the possibility of combining this space with an adjacent apartment for live/work purposes. The first month's rent is free. This high-traffic location is ideal for medical professionals, insurance agents, attorneys, consultants, architects, or even retail businesses such as an ice cream shop, boutique, nail salon, or hair parlor.

• CAP approach

  CAP return

  Valuation

  6%

  $1,131,025

  6.5%

  $1,044,023

  7%

  $969,450

• Comparable approach

  Method

  Valuation

  Relative Method

  $950,115

  Geo Method

  $950,115

• Alternative Use

  Use

  Valuation

  Residential

  $1,294,588

  Hospitality

  $1,185,836

  Educational

  $986,602

  Medical

  $1,020,532

  Retail

  $1,534,714

Location Insight

City

Martinsburg

County

Berkeley

State

West Virginia

Latitude

39.4512

Longitude

-77.9786

CBSA code

25180

CBSA name

HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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