2485 Martinsburg Pike, STEPHENSON, 22656

REDUCED 3% Multi-Family - Other, Detached

$1,160,000

Beds
Full Baths
Half Baths

8,900Sqft
4.02Acres
1956Built
115DOM
MLS® #: VAFV2006188
Active, 115 Days on Market

Our Offices

Contact Us

  • Harrisonburg 540-434-2400
  • Woodstock 540-459-4002
  • Luray (540) 743-4545
  • Elkton 540-298-0280
  • Email info@funkhousergroup.com
Questions?

Income producing B-2 zoned commercial property on Route 11 in Stephenson. This property gives the investor or developer a variety of options. Currently the 4 acres has 4 rental houses that are rented month to month with long term tenants and one mobile home pad site generating consistent income. The master development plan has been completed and approved. The current survey and engineered drawings are available. Great opportunity to hold for the future or take the property from its present use and convert it into commercial retail shops and or a gas station. The location generates a car count of over 7200 vehicles a day as of 2020. With the recent expansion of local neighborhoods including Snowden Bridge the car count has steadily been on the rise. The intersection of Old Charlestown Rd. has recently been signalized which is 430 feet from the property route 11, Interstate 81 and 37 bypass interchange at Exit 317 is one and a half miles. The property would make a great long or short term holding in its current condition. The rental homes which have each been rented by the current tenants for the past 4+ years without any increase in rental fees. The mobile home pad site is currently rented as well are the four homes which have 3 separate three bedroom homes with large yards and one 2 bedroom home. All four homes are served by septic systems although two have private wells and 3 are served by town water. Sewer is available with in a short distance county fees will apply to connect. The 5 rental properties are on one large level 4 acre parcel. More pictures coming soon.

Price & Status History

Date Details
Price Reduced from $1,200,000 to $1,160,000

Essential Information

MLS® #: VAFV2006188
Price: $1,160,000
Total Bathrooms: 0.00
Square Footage: 8,900
Acres: 4.02
Year Built: 1956
Type: Multi-Family
Sub-Type: Other, Detached
Style: Rancher
Status: Active

Community Information

Address: 2485 Martinsburg Pike
County: FREDERICK-VA
State: VA
Zip Code: 22656

Amenities

Utilities: Phone, Water Available, Sewer Available, Electric Available, Cable TV Available, Phone Available
Parking: Private

Interior

Heating: 90% Forced Air
Cooling: Central A/C

Exterior

Exterior: Brick and Siding, Stone, Vinyl Siding, Wood
Lot Description: Front Yard, Landscaping, Open, Rear Yard, Road Frontage
Roof: Asphalt, Metal, Architectural Shingle
Foundation: Permanent, Block

School Information

District: FREDERICK COUNTY PUBLIC SCHOOLS

Additional Information

Date Listed: April 25th, 2022
Days on Market: 115
Zoning: B2
Listing Office: Middleburg Real Estate
Listing Agent: Nadeem Helfer

Financials

$/SqFt: $130

Neighborhood Information for 2485 Martinsburg Pike

High Percentage of Family Households, Moderate Residential Turnover

  • Lows

    • January 20.00℉
    • July 62.00℉
  • rain icon

    Precipitation

    • 39.10"
  • Highs

    • January 40.80℉
    • July 87.10℉