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

Investment properties

Property subtype

Live-work space

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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