Address
2485 Martinsburg Pike, Stephenson, VA
Price
$ 1,100,000
Property Attributes
- MLS#VAFV2006188
- TypeMulti-Family
- CountyFREDERICK
- CityStephenson
- Zip22656
- StyleRanch/Rambler
- Year Built1956
- Taxes$ 7032
- Price$ 1,100,000
- Bedrooms11
- Full Bathrooms0
- Half Bathrooms0
- Lot Size4.02 Acres
Data Source:
Bright MLS
Property Description
This 4-acre commercial property is located on Route 11 in Stephenson and is zoned as B-2, offering various options for investors or developers. Currently, the property consists of 4 rental houses and one mobile home pad site, all of which are rented on a month-to-month basis with long-term tenants, providing consistent income. The property also has a master development plan in place, with the survey and engineered drawings readily available. The strategic location of the property, with a car count of over 7,200 vehicles per day in 2020, presents an excellent opportunity for commercial retail shops or a gas station. The recent expansion of local neighborhoods, such as Snowden Bridge, has contributed to the consistent rise in car count. Additionally, the signalization of the intersection of Old Charlestown Rd., located only 430 feet from the property, further enhances its appeal. The property is also conveniently situated 1.5 miles away from Route 11, Interstate 81, and the 37 bypass interchange at Exit 317. Whether as a long-term or short-term investment, the property holds value in its current condition. The rental homes have been occupied by the same fantastic tenants for over 4 -8 + years, with little to no rental fee increases. Three of the homes feature three bedrooms and large yards, while one has two bedrooms. All four homes have septic systems, with two also having private wells and the other three being served by town water. Sewer connection is available nearby, subject to county fees. In summary, this 4-acre commercial property on Route 11 in Stephenson offers a variety of options for investors or developers. With its income-generating rental houses, approved master development plan, and prime location, it presents an attractive opportunity for both short-term and long-term investments.
| High School |
|---|
| James Wood High School |
| Price History | |
|---|---|
| 4/25/2022 | Listed $1,200,000 |
| 8/3/2022 | 4% - $1,160,000 |
| 5/6/2023 | 5% - $1,110,000 |
| 5/31/2023 | 1% - $1,100,000 |
General Features
| Accessibility | Entry Slope |
|---|---|
| Architectural Style | Ranch/Rambler |
| Association Recreation Fee | No |
| Construction Materials | Brick, Stone, Vinyl Siding, Wood Siding |
| Cool Fuel | Electric |
| Cooling | Central A/C |
| County | FREDERICK |
| Days on Market | 512 |
| Exclusions | Single wide mobile home does not convey. |
| Garage Y/N | No |
| Heating | 90% Forced Air |
| High School | JAMES WOOD |
| Historic Y/N | No |
| Lot Size Square Feet | 175111.00 |
| New Construction | No |
| Other Structures | Above Grade |
| Other Units | Unit 1, Unit 2, Unit 3, Unit 3, Unit 3 |
| Percent Ownership | Fee Simple |
| Pool Y/N | No Pool |
| Possession | Settlement |
| Price Per Sq Ft | 123.6 |
| Property Condition | Good |
| Property SubType | Other |
| Property Type | Multi-Family |
| Roof | Asphalt, Metal, Architectural Shingle |
| School District | FREDERICK COUNTY PUBLIC SCHOOLS |
| School District | 121140907577 |
| Sewer | On Site Septic, Public Hook/Up Avail, Septic Exists |
| Single Room Units Count | 1 |
| Structure Type | Detached |
| Tax Annual Amount | 7032.0 |
| Tax Lot | 2 |
| Tax Year | 2021 |
| Total Units | 4 |
| Trash Expense | 683.40 |
| Two Bedroom | 1 |
| Utilities | Phone, Water Available, Sewer Available, Electric Available, Cable TV Available, Phone Available |
| Vacation Rental Y/N | No |
| Water Access Y/N | No |
| Waterfront Y/N | No |
| Year Built | 1956 |
| Zoning | B2 |
| Zoning Description | General Business Services, Retail, Automotive, Office, Restaurant |
Interior Features
| Central Air Y/N | Yes |
|---|---|
| Flooring | Hardwood, Engineered Wood, Ceramic Tile, Carpet |
| Heating Fuel | Oil |
| Heating Y/N | Yes |
| Hot Water | Electric |
| Three Bedroom Units Count | 3 |
Exterior Features
| Living Area | 8900 |
|---|---|
| Foundation Details | Permanent, Block |
| Lot Features | Front Yard, Landscaping, Open, Rear Yard, Road Frontage |
| Lot Size Acres | 4.02 |
| Lot Size Source | Estimated |
| Navigable Water Y/N | No |
| Parking Features | Private |
| Road Responsibility | State |
| Road Surface Type | Paved |
| Type of Parking | On Street, Driveway |
| Water Oriented Y/N | No |
| Water Source | Public, Well |
| Water View Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 22656
Price
Taxes
Visits
Year Built
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