Listed By:
Middleburg Real Estate
2485 Martinsburg Pike, Stephenson, VA
$ 1,100,000
Property Attributes
  • MLS#VAFV2006188
  • TypeMulti-Family
  • 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
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 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


  • 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

AVG $1.1M
AVG $7,032
AVG 674
Year Built
AVG 1956

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